Author Archives: enterpriseam admin
What the markets are doing on 15 November, 2023
The EGX30 rose 1.0% at today’s close on turnover of EGP 3.4 bn (29.9% above the 90-day average). Local investors were net buyers. The index is up 65.4% YTD. In the green:Palm Hills Development (+5.7%), Alexandria Containers and Cargo Handling (+5.1%) and E-Finance (+5.0%). In the red: Telecom Egypt (-2.9%), Eastern Company (-2.0%) and Ezz […]
NOVEMBER 26 October-18 November: Forever Is Now Exhibition, Pyramids of Giza. 17-19 November (Friday-Sunday): Graham for Dancers workshop, Cairo Contemporary Dance Center. 6-18 November (Monday- Saturday): The Ibero-American Film Week, Zawya cinema, Downtown. 14-15 November (Tuesday-Wednesday): Destination Africa Expo at Royal Maxim Palace Kempinski. 15-24 November (Wednesday-Friday): Cairo International Film Festival (CIFF). 16 November (Thursday): […]
Philip Morris hikes cigarette prices by up to 20%
Good morning, wonderful people, and happy hump day to you all. We have a packed issue for you this morning, with highlights including Kuwait rolling over its CBE deposit and another uptick in imports of natural gas from Israel after supplies were cut at the outset of the war. Also good news: DP World is […]
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Kuwait rolls over USD 4 bn CBE deposit -report
The two-tranche deposit is now set to mature in April and September next year
Israeli gas flows to Egypt are increasing
Flows have risen to 350-400 mn cubic feet a day, up from 250 mn earlier in the month
DP World to start building Sokhna port logistics zone this month
The company has so far invested USD 1.3 bn to develop the Ain Sokhna port
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns