The EGX30 rose 1.3% at today’s close on turnover of EGP 8.8 bn (54.3% above the 90-day average). International investors were the sole net buyers. The index is up 18.7% YTD. In the green: Ibnsina Pharma (+7.2%), Kima (+5.0%), and Juhayna (+3.3%). In the red: Palm Hills Developments (-2.1%), Abu Qir Fertilizers (-1.7%), and Heliopolis […]
Author Archives: enterpriseam admin
📆 FEBRUARY 6 December - 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City. 5 February (Thursday): Ahmed Saad at Madinaty Winter Music Festival II, Open Air Mall. 5 February (Thursday): Zarf Tarek Gedan at Heliopolis Library Theater. 5 February (Thursday): Saleh El Nawawy at Theatro Arkan. 5 February (Thursday): Redefine Flea Market at […]
The 20-day license promise enters its final test
Good morning, folks, and a happy hump day to you all. We bring you an unusually government-focussed issue today, with several in-the-works initiatives and future targets to address some of the issues facing the country catching our attention. In today’s issue, we dive into a major customs overhaul to stop penalizing local manufacturers, how the […]
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FinMin eyes 150 customs items for overhaul to protect local industry
The proposed adjustments aim to bolster strategic sectors, including chemicals, home appliances, textiles, automotive glass, and sheet metal
Elsewedy Electric’s Iskraemeco looks to invest USD 20 mn into solving Egypt’s water leakage problem
The company is targeting a 40% market share in national water projects by 2026
Egypt leans on toll-booth gas hub model as it navigates gas shortfall
The hub role is built around our ability to reroute and export gas, even if that gas doesn’t originate from Egypt, Oil Minister Karim Badawi said
CBE greenlights full rollout of soft POS, turning smartphones into payment terminals
Following a two-year pilot phase that had restricted contactless payment transactions to EGP 600