The earnings dump continues: The end-of-earnings-season rush continued yesterday, with a number of EGX-listed companies releasing their 2Q / 1H 2023 financials. Edita, E-Finance, Contact Financial and Orascom Development Egypt all reported strong results despite the ongoing economic challenges. Drugmaker Rameda’s turned in a strong revenue performance, but like many manufacturers saw net income slip […]
Author Archives: enterpriseam admin
USAID appoints Sean Jones as Egypt Mission Director
Jones will oversee USAID’s 45+ projects in Egypt, including many important to the private sector
The National Dialogue dominates the airwaves
Plus: It’ll be easier to get into some university faculties this year
FX crunch + blackouts make the headlines internationally
Egypt’s ongoing FX and energy challenges are getting attention internationally this morning, with Reuters looking at the different ways the government is trying to secure new hard currency inflows and the Wall Street Journal focusing on the blackouts hitting Egypt and other countries in the region amid soaring temperatures. ALSO- The National chronicles an impassioned […]
Agreements for 5 new tech schools under the Ebda initiative
The schools will specialize in manufacturing, construction and food tech
China slowdown, US banks weigh on global stocks
China’s central bank unexpectedly cut interest rates yesterday to arrest the country’s economic slowdown
Arab foreign ministers in Cairo to discuss ending Syrian war
The Egyptian and Saudi foreign ministers discussed this week’s Palestine talks on the sidelines of the meeting
Clashes in Libyan capital leave two dead, close airport
Plus: India and the UAE have started to drop the USD in bilateral trade