Author Archives: enterpriseam admin
What the markets are doing on 6 November, 2023
The EGX30 rose 1.5% at today’s close on turnover of EGP 4.3 bn (74.4% above the 90-day average). Regional investors were net sellers. The index is up 60.2% YTD. In the green: Mopco (+7.3%), Credit Agricole (+6.5%) and CIRA Education (+6.3%). In the red: E-Finance (-4.9%), Juhayna (-2.5%) and TMG Holding (-2.4%).
NOVEMBER 26 October-18 November: Forever Is Now Exhibition, Pyramids of Giza. 7 November (Tuesday): The Russian Tchaikovsky Symphony Orchestra concert, Sayed Darwish Theatre. 7-18 November (Tuesday-Saturday): Bank of Anxiety Play at the Falaki Theater. 8 November (Wednesday): Gaza 2023 Lecture at AUC New Cairo. 8 November (Wednesday): Next-Gen Pop Night concert with Sandra Habachy. 8 […]
Daily blackouts may be reduced to one hour on the back off increased mazut and gas imports
Good morning, wonderful people. We have a couple of pieces of good news with which to kick off this morning’s issue. UP FIRST- The government is going to invite private-sector players to manage the nation’s airports,Prime Minister Moustafa Madbouly said during a meeting on the sidelines of a transport conference in Cairo yesterday. The government […]
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PMI contracts at sharpest rate in five months
This is the 35th straight month that Egypt’s non-oil economy has been in contraction
Our FX reserves inched up in October
An additional USD 132 mn was added to our FX stockpiles
Orascom Real Estate lands EGP 6 bn to finance O West construction
A portion of the loan will be used to refinance a EGP 1.5 bn bridge facility
Israel presses ahead with Gaza war despite growing global anger
The IDF escalated its bombing of Gaza City last night as Israeli troops prepare to enter in the coming 48 hours