The EGX30 rose 1.7% at today’s close on turnover of EGP 1.37 bn (34.1% below the 90-day average). Local investors were net sellers. The index is up 2.2% YTD. In the green: Cleopatra Hospitals Group (+7.0%), Oriental Weavers (+6.8%) and Qalaa Holding (+6.1%). In the red: CIRA Education (-1.4%), Credit Agricole Egypt (-1.3%) and Taaleem […]
Author Archives: enterpriseam admin
MARCH 20 March (Monday): Ahmed Ahmed Returns to Om El Donya, Ewart Memorial Hall, AUC’s Tahrir Campus. 23 March (Thursday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT. 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. […]
THIS MORNING: We’ll do whatever it takes to secure Saudi investment -Maait
Riyadh is yet to pull the trigger on its pledge to invest bns of USD in Egypt
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Elab first up for sale via SFE’s pre-IPO fund -Soliman
ALSO: eMethanex, Enppi and Midor could be back in the government’s privatization plans
SFE open to selling 100% of Safi, Wataniya to strategic investors -Soliman
Local, regional and international investors have reportedly shown interest in the companies
ADP lands 30-year contract to develop and operate Safaga Port terminal
Cement export infrastructure and three cruise terminals are also in the works
Four companies open new logistics zones, factories in SCZone
Mercedes-Benz, Egypt Fanyang, Kadmar Shipping, Jushi Group, inaugurate new projects at SCZone
A new gov’t investment fund wants to attract FDI from expats
Eight Egyptian businessmen living abroad are on the board
With equity fundraising flowing to a crawl, are more mature startups eyeing securitized bonds?
Blnk and MNT-Halan recently raised capital by securitizing parts of their loan books.