The EGX30 fell 0.2% at today’s close on turnover of EGP 2.02 bn (3.3% below the 90-day average). Local investors were net buyers. The index is up 9.3% YTD. In the green: Eastern Company (+7.4%), Juhayna (+6.3%) and Oriental Weavers (+4.0%). In the red: Credit Agricole Egypt (-6.0%), GB Auto (-4.5%) and Egypt Kuwait Holding […]
Author Archives: enterpriseam admin
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: IMF Egypt loan review date still TBC
The review was supposed to be underway on 15 March
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IFC wants in on the state privatization program, says Africa chief
World Bank lender could provide advice and financing for Egypt’s privatization drive
Egypt secures USD 7 bn World Bank loan to support private-sector, climate goals
The funding includes USD 1 bn a year from the IBRD
CBE to raise interest rates by at least 200 bps this week -poll
Six of seven analysts see the CBE raising rates by at least 200 bps
Abu Dhabi Ports bids for state-owned port operators -Al Mal
Talks with the Qatar Investment Authority for the companies have stalled
SODIC, ODE end talks for Orascom Real Estate
SODIC submitted a non-binding offer for the firm in October
Chinese steel player to invest USD 2 bn in SCZone factories. PLUS: Danone to invest here this year.
This is the latest in a string of Chinese investment in Egypt’s manufacturing and infrastructure sectors