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Author Archives: enterpriseam admin
What the markets are doing on 4 April, 2023
The EGX30 fell 0.3% at today’s close on turnover of EGP 2.10 bn. Foreign investors were net sellers. The index is up 16.4% YTD. In the green: Madinet Nasr Housing (+6.5%), Rameda Pharma (+4.8%) and Credit Agricole Egypt (+4.6%). In the red: Sidi Kerir Petrochemicals (-2.8%), Eastern Company (-2.7%) and AMOC (-2.5%).
Meet our founder of the week: Ahmed Shalaby, co-founder and sales director, 4a Nutrition
4a Nutrition is the business behind Lino Oats
APRIL 16 April (Sunday): Coptic Easter. 17 April (Monday): Sham El Nessim. 21-26 April (Friday-Wednesday): LaLiga Egypt Football Camp, Xanadu Hotel, Makadi Bay, Hurghada. 22 April (Saturday): Eid El Fitr (TBC). 25 April (Tuesday): Sinai Liberation Day. 27 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC). MAY 1 May (Monday): Labor Day. […]
THIS MORNING: El Sisi takes suhoor with MBS in Jeddah
El Sisi and the Saudi Crown Prince held bilateral talks
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Gig-Egypt on course to acquire 95% of AIG Egypt
The FRA has approved Gig-Egypt’s mandatory tender offer
Two big state-owned banks announce two (not-so-big) CDs
Big Two state-owned banks introduce new CDs: Banque Misr and the National Bank of Egypt are issuing two new high-interest certificates of deposit (CDs) following the central bank’s 200-bps rate hike last Thursday, the lenders said in a joint statement (pdf) yesterday. The two banks are offering a fixed, three-year CD at a 19% rate, […]
Does Aldar want in on Heliopolis Housing’s Heliopark project?
Aldar is reportedly shopping around after SODIC’s play for ORE fell through