Author Archives: enterpriseam admin
What the markets are doing on 7 August, 2023
The EGX30 ro se 0.8% at today’s close on turnover of EGP 2.73 bn (39.7% above the 90-day average). Foreign investors were net buyers. The index is up 22.2% YTD. In the green: Beltone Financial Holding (+5.9%), Ezz Steel (+4.8%) and Credit Agricole Egypt (+4.5%). In the red: Orascom Construction (-0.9%), Edita (-0.9%) and Alexandria […]
AUGUST 8 August (Tuesday): Jadal concert, El Sawy Culturewheel, El Zamalek, Cairo. 10 August (Thursday):Omar Khairat concert, the New Alamein Festival 2023, New Alamein. 10 August (Thursday): Carole Samaha and Bahaa Sultan concert, New Alamein Festival 2023, New Alamein. 10 August (Thursday): Jadal concert, Bibliotheca Alexandrina, Alexandria. 11 August (Friday): Amr Diab Summer Concert, Golf […]
Tugboat and oil tanker collide in Suez Canal, killing crew member
Six of the seven-strong tugboat crew were rescued
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CBE makes surprise 100-bps rate hike
Analysts had expected the central bank to keep rates on hold
PMI continues to contract at a softer pace in July
The PMI rose to 49.2 from 49.1 in June
SCZone gets the greenlight to set up investment arm
SCZone Istithmar will manage the authority’s investments
More Turkish firms eye local market as relations improve
Turkish companies Vestel and Zorlu to establish a USD 70 mn joint venture in Egypt.
El Sisi meets with UAE, Bahraini, and Greek leaders
PLUS: Shoukry gets a call from Blinken