Author Archives: enterpriseam admin
What the markets are doing on 16 August, 2023
The EGX30 rose 0.5% at today’s close on turnover of EGP 2.6 bn (28.3% above the 90-day average). Local investors were net sellers. The index is up 23.7% YTD. In the green: Juhayna (+20.0%), Egypt Kuwait Holding (+3.1%) and Ezz Steel (+2.8%). In the red: Beltone Holding (-6.3%), Eastern Company (-2.7%) and Qala Holdings (-2.7%).
AUGUST 13 -19 August (Sunday-Saturday): El SawyCulturewheelbook fair, ElSawy Culturewheel, Zamalek, Cairo. 17 August (Thursday): Ahmed Mohsen and Ali Qandil performance, New Alamein Festival 2023, New Alamein. 17 August (Thursday): Hakim’s Concert, New Alamein Festival 2023, New Alamein. 18 August (Friday):Angham’s concert, New Alamein Festival 2023, New Alamein. 21 August (Monday): Akher Zafeer concert, El […]
The Syrian foreign minister is in town today
Good morning, everyone, and happy hump day. This morning’s issue is dominated by news of new financing from the UAE for wheat purchases, the state’s continued bid to tap FX held by Egyptians living abroad, and (naturally enough) earnings reports. Export another flurry of corporate results as companies look to get their numbers in by […]
Solasi Wellbeing Festival has been lovingly created by Yes Yoga and Osana Family Wellness and takes place at beautiful Somabay from 21-23 September. Solasi brings you sunrise yoga, sound healing, funky classes, morning runs, enlightening workshops, healing treatments, tai chi, meditation, kids’ activities, locally sourced food, and lots of dancing. Don't miss your chance to […]
Egypt signs USD 500 mn financing agreement to purchase wheat from UAE’s Al Dahra
The Abu Dhabi Exports Office is providing low-cost financing
Pensions-for-FX (if you’re an Egyptian expat)
Egyptians abroad can start drawing down the pension from the age of 50
CBE sells more than EUR 600 mn in T-bills in oversubscribed issuance
The central bank sold the bills at a 4% yield
Adel, Elfiky join multinational real estate consultancy Knight Frank
The London-headquartered firm bills itself as among the world’s largest independent real estate consultancies
GB Corp, Raya CX, EKH Holding + TMG Holding report 1H earnings
We’re close to the end of 2Q earnings season