Author Archives: enterpriseam admin
What the markets are doing on 31 July, 2023
The EGX30 rose 0.24% at today’s close on turnover of EGP 2.10 bn (9.8% above the 90-day average). Foreign investors were net buyers. The index is up 20.5% YTD. In the green: Heliopolis Housing (+4.4%), Ibnsina Pharma (+4.3%) and GB Corp (+3.2%). In the red: Oriental Weavers (-1.2%), Eastern Company (-0.9%) and EFG Holding (-0.7%).
AUGUST 2 -3 August (Wednesday-Thursday): Fintech Revolution Summit, Cairo Festival City. 3 August (Thursday): Massar Egbari concert, Bibliotheca Alexandrina, Alexandria. 3 August (Thursday): Medhat Saleh and Reham Abd El Hakim concert, New Alamein Festival 2023, New Alamein. 4 August (Friday): Mounir and Hamid El Shaeri concert, New Alamein Festival 2023, New Alamein. 5 August (Saturday): […]
Privatization proceeds in the state coffers by September?
Investors are currently conducting due diligence on the assets ahead of agreeing final terms
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PM announces fresh measures to curb electricity demand amid rolling blackouts
Blackouts will continue until end of August at least, Madbouly says
Smartenergy wants to build a green hydrogen plant in Egypt
An agreement between the gov’t and the company is reportedly “imminent”
More oil and gas exploration in the Med and Gulf of Suez
ExxonMobil, Kufpec and Pico Energy will partner with state energy firms to explore for hydrocarbons
Morgan Stanley cuts Egypt growth outlook
Analysts expect authorities to devalue the currency again in September or October
CBE suspends tourism financing initiative
The central bank could launch a new scheme with FX conditionality in the next 2-3 months