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Author Archives: enterpriseam admin
What the markets are doing on 27 September, 2023
The EGX30 fell 0.9% at today’s close on turnover of EGP 2.1 bn (0.6% below the 90-day average). Local investors were net buyers. The index is up 38.2% YTD. In the green: Orascom Construction (+3.7%), AMOC (+3.1%), and Palm Hills Developments (+2.9%). In the red: Fawry (-4.1%), Juhayna (-4.0%), and Abu Qir Fertilizers (-3.6%).
SEPTEMBER 24- 28 September (Sunday-Thursday): Mohamed El Ganouby’s solo exhibition, titled "Image and Narrative," at TAM Gallery’s branch in District 5. 28 September (Thursday): National holiday in observance of Prophet Muhammad’s birthday. 28 September (Thursday): Tamer Hosny and Nancy Ajram are performing at AlMasaHotel. 29 September (Friday): Ramy Ashour performing at El Sawy Culture Wheel. […]
It’s day two of the Asian Infrastructure Investment Bank’s annual board meeting in Sharm
Good morning, friends, and happy Tuesday. We have a lot of stuff to get through this morning, so we’re going to jump straight in: HAPPENING TODAY- #1- AIIB meeting wraps: It’s the second and final day of the Asian Infrastructure Investment Bank’s (AIIB) annual board meeting in Sharm El Sheikh. Look for AIIB to unveil […]
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The seven themes keeping the finance industry up at night
From uncertainty to generative AI and changes in who owns what, there has never been a more challenging time to lead a financial services business in Egypt
Presidential election to be held in December
President Abdel Fattah El Sisi is yet to officially announce his candidacy but is widely expected to seek a third term in office
Oil Ministry offers new oil and gas exploration blocks to international firms
The government is looking to attract fresh investment and secure new energy supplies amid declining output
Kandil Steel borrows USD 25 mn from IFC amid industry headwinds
The money will help the company pay for raw materials and maintain production amid the FX crunch and soaring inflation