The EGX30 rose 2.4% at today’s close on turnover of EGP 2.12 bn. Local investors were net buyers. The index is up 20.9% YTD. In the green: Abu Qir Fertilizers (+9.4%), AMOC (+7.3%) and Qalaa Holdings (+5.6%). In the red: Ibnsina Pharma (-2.3%), and Juhayna (-0.7%).
Author Archives: enterpriseam admin
MAY 6-20 May (Saturday-Saturday): Film Society Festival for Egyptian Cinema. 12-15 May (Friday-Monday): Cairo Fashion Week. JUNE 10 June (Saturday): Thanaweya Amma examinations begin. 28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC). 30 June (Friday): June 30 Revolution Day. JULY 18 July (Tuesday): Islamic New Year. 20 July (Thursday): National holiday in observance of Islamic […]
Net foreign reserves inch up to USD 34.55 bn in April
Reserves have been slowly recovering after falling 20% on the back of the war on Ukraine
The World Aquatics Festival at Somabay: Three remarkable aquatic tournaments will be held together for the first time in Egypt, presented by the World Aquatics Federation and the Egyptian Swimming Federation in partnership with Somabay. Prepare yourself for the action. 8-9 May: Open-Water Swimming World Cup. 13-15 May: Artistic Swimming World Cup. 12-15 May: World […]
Egypt’s current account enters the black for the first time since 2014
Thank import curbs, which narrowed the country’s trade deficit to 12-year lows
Non-oil private-sector contracts at a softer pace in April
Short-term outlook among firms falls to record low amid economic uncertainty
Fitch Ratings downgrades our credit rating for the first time since 2013
Medium-term debt sustainability at risk
Gov’t hikes diesel price by 14%, leaves gasoline prices unchanged
Hike to diesel prices could fuel more inflation
Cabinet greenlights Scatec Europe interconnector MoU
The Norwegian company wants to build a 3-GW electricity link between Egypt and Italy
An investment firm led by AIH’s chairman wants to acquire minority stakes in two AIH subsidiaries
JAF Investment is eyeing 30% stakes in UE Finance and Rawaj Consumer Finance