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The EGX30 fell 0.6% at today’s close on turnover of EGP 4.1 bn (39% above the 90-day average). Regional investors were net sellers. The index is up 68.7% YTD. In the green: Orascom Development Egypt (+9.9%), Amoc (+3.7%) and Qalaa Holdings (+3.3%). In the red: TMG Holding (-3.3%), EFG Holding (-1.6%) and Eastern Company (-1.2%).
Author Archives: enterpriseam admin
Posted inEconomy
Boycotts have historically made a dent. How will BDS impact Egypt?
Boycotts date back to 1880s Ireland
Posted inTHE ENTERPRISE ENTERTAINMENT CALENDAR
DECEMBER 1 December (Friday): Cairo Fun Festival by Bike Zone Egypt in Heliopolis. 1 December (Friday): The Christmas Charity Bazaar, All Saints’ Cathedral, Zamalek. 1 December (Friday): Skhoon band concert, Pyramids, Giza. 2 December (Saturday): Wael Al Fashni concert, El Sawy Culturewheel, Zamalek. 2-26 December (Saturday-Tuesday): Ali Badrakhan’s cinema, Zawya Cinema, Downtown. 9 December (Saturday): […]
Posted inWhat We're Tracking Today
Madbouly wants to bridge the gap between official and black market USD rate + Is this the end of the EGX rally?
Good morning, folks: There’s more cause for cautious optimism in this morning’s still-tepid domestic news cycle: the EBRD has signaled it wants to get more involved in the government’s privatization agenda; a Turkish manufacturer is planning a major investment in the SCZone; and Gaza could get an extra few days respite from Israel’s brutal war […]
Posted inAdvertiser
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Posted inUncategorized
EBRD interested in acquiring stakes in United Bank, Banque du Caire
The European lender has lodged interest with the sovereign fund and is waiting for clarity about the size of the stakes on offer
Posted inInvestment Watch
Turkish textile firm to invest USD 500 mn in new Egypt factory
The factory could lower the country’s import bill by USD 1 bn a year
Posted inM&A WATCH
e-Finance could acquire two digital payments firms + Savola’s Panda bids for Alfa stores
Two M&A stories have our attention this morning: The first ise-Finance’s bid to acquire two digital payments firms as it works to up its presence in the retail market, while a grocer owned by Saudi conglomerate Savola is reportedly interested in acquiring stores from struggling Egyptian retailer Alfa. E-FINANCE EYES ACQUISITIONS- e-Finance could acquire two […]
Posted inDEBT WATCH
NUCA closes second EGP 15 bn securitized bond issuance this year
NUCA keeps its spot as the biggest player in the local securitization market
Posted inWAR WATCH
Another truce extension on the table?
Another truce extension in the works? Egypt’s intelligence chief Abbas Kamel and Qatari Prime Minister Mohamed Bin Abdul Rahman Al Thani held talks with the heads of the CIA and Mossad over the possibility of extending the ceasefire between Hamas and Israel for another three days. CIA head William Burns reportedly pushed for the next […]