The EGX30 rose 2.2% at today’s close on turnover of EGP 4.3 bn (35.1% above the 90-day average). Foreign investors were net buyers. The index is up 73.5% YTD. In the green: Juhayna (+7.4%), E-Finance (+6.1%) and CIRA Education (+4.2%). In the red: َQalaa Holding (-0.4%), Beltone Financial Holding (-0.3%).
Author Archives: enterpriseam admin
DECEMBER 10-26 December (Sunday-Tuesday): Ali Badrakhan’s cinema, Zawya Cinema, Downtown. 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. 21-23 December (Thursday-Saturday): Family Fun Fest by Kult Creative at the […]
The future of the Madbouly cabinet in question + Election results are out tomorrow
Good morning, wonderful people. We kick off this morning’s report with everyone’s favorite parlor game: Talk of a cabinet shuffle. Is there a cabinet shuffle in the works? The usual post-election talk of a cabinet shuffle has begun, with well-connected MP and TV presenter Mostafa Bakry taking to the airwaves (watch, runtime: 6:48) to say […]
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 […]
World’s largest shipping firms pause Red Sea transit
The move will likely push the price of freight globally, pushing global inflation with it
CBE to keep interest rates steady -poll
Seven out of nine analysts expect the CBE to keep rates steady
OCI to sell entire 50% stake in Fertiglobe to Adnoc for USD 3.62 bn
The transaction prices Fetiglobe shares at an 8% premium at AED 3.20 per share
New Capital to break ground on second phase by 3Q 2024 at the latest
ACUD plans to IPO in 2Q 2024
Another truce on the cards?
Egypt sees hope of a new ceasefire: Israeli officials seem more willing to reach a new agreement for a ceasefire in Gaza and the release of Palestinian hostages in exchange for the release of more Hamas-held hostages, Reuters reports, citing what it says are two Egyptian security officials. Meanwhile, the head of Israel’s intelligence agency […]