Author Archives: enterpriseam admin
What the markets are doing on 12 June, 2023
The EGX30 fell 0.2% at today’s close on turnover of EGP 1.27 bn. Local investors were net buyers. The index is up 21.3% YTD. In the green: Mopco (+20.0%), Credit Agricole (+2.9%) and Taaleem (+2.6%). In the red: CIB (-2.0%), Telecom Egypt (-2.0%) and Palm Hills Developments (-1.8%).
MAY 27 May-27 June (Saturday-Tuesday): Annual Flower Exhibition from 10am at the Agricultural Museum. JUNE 12 June (Monday): Sahar El Layali film screening at the French Institute in Egypt. 12-13 June (Monday-Tuesday): Omar Khairat performs at the Cairo Opera House. 13 June (Tuesday): Mesh Feminist standup comedy show, CJC 610. 14-27 June (Wednesday-Tuesday): Zawya’s two-week […]
THIS MORNING: IMF says talks are “encouraging,” expects progress within weeks on economic reform agenda
Positive signs on privatization and FX rate stability
Solasi Wellbeing Festival has been lovingly created by Yes Yoga and Osana Family Wellness and takes place at the 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 […]
Inflation returns to acceleration in May
Food and beverage inflation rose to 60% y-o-y
Actis, Edra are looking to acquire Siemens power plant for up to USD 2 bn
Both companies intend to take full ownership and operate the 4.8-GW Beni Suef plant
SEII close to acquiring 70% of state-owned glassmaker
SEII will buy into the company through a capital increase
SCZone greenlights IPO of Port Said terminal operator
Company to start offering “very soon”
SCZone grants approval for new industrial projects
Five projects get the greenlight