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Where the grass court season begins. From 8-14 June 2026, Somabay will host one of the region’s first professional grass court tournaments as part of the ITF World Tennis Tour, welcoming international players to the Red Sea for a week of world-class competition. Set within the Soma Sports Arena, the tournament reflects Somabay’s continued rise […]
Author Archives: enterpriseam admin
Posted inIndustry
IDA seeks EGP 21 bn to fix industrial land shortage
The Industrial Development Authority is asking for EGP 21 bn to service 17 industrial zones, but lawmakers want the authority to rely on its own resources
Posted inCapital markets
Egypt faces potential S&P downgrade to frontier market status
S&P DJI launched a consultation to demote Egyptian equities to frontier market status over market accessibility concerns
Posted inInvestment Watch
Egypt’s investment fund industry hit EGP 411 bn in 1Q 2026, up 30% in a quarter
Money market funds still dominate at 67% of NAV, but the fastest growth is in gold and real estate funds
Posted inEARNINGS WATCH
Madinet Masr's bottom line dips 14% to EGP 682.5 mn in 1Q 2026
The real estate developer flipped its balance sheet into the black and distributed its first-ever stock dividend during the first quarter of the year
Posted inMoves
Emaar Misr CEO Mostafa El Kady is out, Mohamed Alabbar takes over
Mohamed Eid has been named an executive board member to support Alabbar following Mostafa El Kady’s termination
Posted inAlso on our Radar
Gov’t taps global markets for six more LNG cargoes to avoid summer blackouts
Plus: Sohag to get new public freezone to boost Upper Egypt exports