The EGX30 fell 2.1% at today’s close on turnover of EGP 3.7 bn (14.1% above the 90-day average). Local investors were net sellers. The index is up 66.5% YTD. In the green: Alexandria Containers and Goods (+4.7%), Mopco (+1.7%). In the red: Credit Agricole (-5.7%), Egypt Kuwait Holding (-5.1%) and Palm Hills Development (-5.1%).
Author Archives: enterpriseam admin
The decades-long correlation between fashion and the economy
The fashion industry is looking for 2-4% growth next year
DECEMBER 10-26 December (Sunday-Tuesday): Ali Badrakhan’s cinema at Zawya Cinema. 14-21 December (Thursday-Thursday): Gouna Film Festival (GFF), Gouna. 19-20 December (Tuesday-Wednesday): How Did We Get Here: Conversations about Palestine at ThatReallyCoolStudio. 21 December (Thursday): Art staged performance by Yasmina Riza at Rawabet Art Space. 22-23 December (Friday-Saturday): Family Fun Fest by Kult Creative at the […]
Madbouly is scheduled to talk all things privatization at 2pm + Shipping lines continue to avoid the Suez Canal
Good morning, wonderful people. It’s a busy news day here in Egypt — in stark contrast to the cone of silence that seems to have dropped on the UAE and Saudi Arabia in the past 24 hours. Could the end-of-year news slowdown soon be upon us? IT’S A BIG DAY FOR: Privatization. Prime Minister Moustafa […]
DISCOVER SOMABAY: Embark on a journey of discovery in the heart of Somabay, where crystal-clear waters meet golden sands and luxury meets serenity. Experience a world of adventure, relaxation, and natural beauty like no other. From thrilling water sports to world-class golf, Somabay offers it all. Explore vibrant coral reefs, unwind in luxurious spas and […]
What to expect from Madbouly’s privatization talk later today
We’re expecting news on the hotels company sale and ADQ’s acquisitions
The Red Sea looks like a spooky scene from a Pirates of the Caribbean film
Vessels will now make their trips through the Cape of Good Hope
Nahdet Misr acquires stake in early education startup Innovvette
Innovvette’s ownership is now equally split between its founding partner, CIRA Education, and Nahdet Misr
Beltone is snagging 51% of local seed distributor NSC
The acquisition is expected to be finalized this year
Egypt’s remittances see 15% decline in 2023
Remittances fell 38% y-o-y during 1H 2023