The EGX30 rose 0.3% at today’s close on turnover of EGP 5.1 bn (6.1% below the 90-day average). Local investors were the sole net buyers. The index is up 40.3% YTD. In the green: Misr Cement (+3.4%), Arabian Cement (+3.1%), and Raya Holding (+1.5%). In the red: Orascom Construction (-1.6%), Rameda (-1.2%), and Oriental Weavers […]
Author Archives: enterpriseam admin
?️ DECEMBER 6 December - 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City. 12 December - 15 January (Friday-Thursday): Cairo Art Fair at TAM Gallery, Abu Rawwash. 21-31 December (Sunday-Wednesday): The Stadium at District 5. 31 December (Wednesday): El Waili and AMER - NYE at the Tap East. 31 December (Wednesday): El Sahra […]
Israel sets Cairo’s teeth on edge as it becomes the first country to recognize Somaliland’s independence
Plus: Credit card issuances up 61% in the past four years, CBE data shows
Christmas is just the beginning. At Somabay, the celebrations unfold day by day, night by night, building all the way into the New Year. From rooftop takeovers and beach parties to late-night performances and full-band shows, the season is curated to let you choose your moment and celebrate it your way — right through the […]
Central bank sets up 2026 nicely with 100 bps rate cut
725 bps sounds like a lot, but we’re just at the “beginning or middle” of a longer journey, Al Ahly Pharos’ Hany Genana tells EnterpriseAM
Look for strong appetite tomorrow as Finance Ministry tests debt market
The sovereign sukuk program that launched in November is looking to raise EGP 200 bn by the end of June
Egypt eyes shipbuilding megadeal
The move ties in with a USD 2 bn project to shift the canal from serving as a toll road to a service station pit stop
A unified front?
For the first time, the FEI board will include high-ranking government officials in a move that effectively merges the regulator and the lobby
The year our macro plumbing started to function again
While the IMF is satisfied, the wheels of production are still grinding against high (albeit falling) real interest rates