The EGX30 fell 2.7% at today’s close on turnover of EGP 6.2 bn (1.4% below the 90-day average). International investors were the sole net sellers. The index is up 17.2% YTD. In the green: Eastern Company (+4.7%), Oriental Weavers (+1.3%), and Raya Holding (+0.9%). In the red: Edita (-5.1%), Misr Cement (-5.0%), and Beltone Holding […]
Author Archives: enterpriseam admin
🗓️ FEBRUARY 24 February - 14 March (Tuesday-Saturday): Ramadan Premium Market at the Arena, Cairo West. 27-28 February (Friday-Saturday): Ramadan on the Farm at Hazel Farm. 28 February - 11 March (Saturday-Wednesday): Qahrawya Iftours. MARCH 3 March (Tuesday): Angham at Al Mashrafia tent, the Grand Egyptian Museum. 6 March (Friday): The Women’s Night 5K Race […]
The New Capital could soon be renamed Memphis
Good morning, friends. Today’s issue is led with a first look at the draft budget for the next fiscal year, which signals a shift toward recovery with projected revenues surpassing EGP 3.5 tn and an ambitious goal to trim the deficit to 4.9%. Also in macro news, First Abu Dhabi Bank’s 2026 outlook describes Egypt […]
Egypt eyes EGP 3.5 tn in revenues in upcoming budget with wider tax base, not new levies
Total public revenues are projected to exceed EGP 3.5 tn in FY 2026–27
Damietta Port to get EGP 8 bn for new grain and multipurpose terminals ahead of international management tenders
Once the projects are completed, international alliances will be invited to participate in a global management and operation tender
Egypt, GCC decouple from a West at risk of stagflation in 2026
The bank sees real GDP in Egypt projected to hit 4.5% this fiscal year