The EGX30 rose 3.5% at today’s close on turnover of EGP 4.0 bn (83.5% above the 90-day average). Local investors were net buyers. The index is up 44.1% YTD. In the green: Mopco (+20.0%), Abou Qir Fertilizers (+18.6%) and Credit Agricole (+6.7%). In the red: Orascom Development (-1.5%), Palm Hills Development (-1.0%) and CIB (-0.8%).
Author Archives: enterpriseam admin
12-16 October (Thursday- Monday): Cairo Opera Ballet Company Cinderella at Cairo Opera House. 4-18 October (Wednesdays): Japanese tea-making workshop at AUC New Cairo Campus. 7-21 October (Saturday-Tuesday): Illustration workshop with Keem The Kid at Cocoon Cultural Center. 12 October - 5 November: D-CAF (Downtown Contemporary Arts Festival), Downtown, Cairo. 18 October (Wednesday): Boogie Nightat Cairo […]
Blinken set to arrive in Cairo for Gaza talks
Good morning, wonderful people. The news cycle didn’t slow down in the slightest over the weekend as the war between Israel and Hamas accelerated and the IMF and World Bank meetings continued in Marrakech. US Secretary of State Antony Blinken will touch down in Cairo today in what will be his latest stop in a […]
Oceanman is coming back to Somabay Red Sea for the third year in a row on 20-21 October 2023. More than 500 swimmers from 34 different countries worldwide. Uniting both professional and amateur open water swimmers from all over the world. Different races for athletes of all levels: 10 km, 5 km, 1.5 km and […]
We want USD 2 bn more from IMF to bring our assistance program to USD 5 bn, a report claims
The Madbouly government wants to raise the size of the USD 3 bn to a total of USD 5 bn
Budget deficit to widen to 10.7% this fiscal year -IMF
The Fund expects government spending to rise faster than previously expected while revenues will remain flat
Egypt condemns Israel’s forced displacement of Palestinians, demands Israel and the US allow aid to enter Gaza
Almost half of Gaza’s 2.3 mn population have been displaced by Israel’s onslaught, according to the UN
What matters to business as the House reconvenes for the 2023-2024 legislative season
MPs are set to discuss and dissect 11 key government-drafted bills over the coming months
EBRD could greenlight funds for electricity grid modernization
The total project would require EUR 200 mn, with the remaining EUR 35 mn coming from EU grants