Author Archives: enterpriseam admin
What the markets are doing on 7 February, 2023
The EGX30 rose 1.9% at today’s close on turnover of EGP 2.0 bn (9.6% above the 90-day average). Local investors were net sellers. The index is up 15.8% YTD. In the green: Oriental Weavers (+8.6%), Ezz Steel (+7.3%) and Qalaa Holdings (+6.2%). In the red: Palm Hills Developments (-1.8%) and e-finance (-1.1%).
Meet our founder of the week: Mona El Kheshen, co-founder and COO of UNLOCK
OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Mona El Kheshen (LinkedIn), co-founder and COO of UNLOCK. My […]
FEBRUARY 6-7 February (Monday-Tuesday): Organisation Internationale de la Francophonie economic prospecting mission. 11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities. 12 February (Sunday): The House reconvenes. 13-15 February (Monday-Wednesday): The Egypt Petroleum Show (Egyps), Egypt International Exhibition Center, Cairo. 13-15 (Monday-Wednesday): World Government Summit, Dubai. 19 February (Sunday): Senate reconvenes. […]
THIS MORNING: Foreign reserves rise in January + Egyptian officials are in Paris today for Lebanon crisis talks
Foreign reserves rise for the fifth consecutive month.
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EGP devaluation pushes private sector into sharper decline in January
Egypt’s non-oil private sector contracts for the 26th consecutive month.
A temporary capital gains tax waiver is on the table following the deval
A capital gains tax waiver is on the table for EGX investors.
AAIB could exit Palm Hills in stake sale to Emirati investor
Emirati investment company Al Ain Holding could snag AAIB’s stake in EGX-listed Palm Hills Developments.
Concord to invest USD 40 mn in Egypt’s healthcare sector
Concord will invest USD 40 mn in feeder industries in Egypt’s healthcare sector.