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? UNDER THE LAMPLIGHT- Scatterlings tells the story of the breakup of the van Zijl family, after the Immorality Act, which criminalized interracial relationships, was passed in South Africa. Set in Cape Town in 1927, the fictional story follows Alisa van Zijl (née Miller) — a Black Jamaican woman who was adopted by a white […]
Author Archives: enterpriseam admin
Posted inGO WITH THE FLOW
What the markets are doing on 2 January, 2023
The EGX30 rose 2.5% at today’s close on turnover of EGP 1.63 bn (5.5% above the 90-day average). Foreign investors were net sellers. The index is up 2.5% YTD. In the green: Alexandria Containers and Cargo Handling (+10.1%), Ezz Steel (+9.5.%) and Heliopolis Housing (+9.3%). In the red: Juhayna (-2.0%), Telecom Egypt (-1.5%) and Orascom […]
Posted inTech
Enter the Third Wave of AI
AI now uses perception, learning, and reasoning to seem more human.
Posted inCALENDAR
JANUARY January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time. January: Fuel pricing committee meets to decide quarterly fuel prices. January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power. January: Global Auto to restart BMW assembly in Egypt. 2 January (Monday): House back in session. 7 January […]
Posted inWhat We're Tracking Today
THIS MORNING: Welcome to 2023, folks
Good morning, wonderful people — and a very warm welcome to a brand new year. We’re kicking off 2023 with plenty of positive news. Since we last indeed in your inboxes, there have been strides forward to solve the issues that dogged imports last year. And there are more fresh leaves being turned over, as […]
Posted inUncategorized
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Posted inEconomy
Importers can now turn the page on L/Cs
Moves on import curbs + privatization: Egyptian authorities removed import restrictions and approved the state ownership policy document on Thursday, helping fulfill pledges made to secure vital funds from the IMF. The government had committed to reducing state involvement in the economy and canceling the requirement for importers to use letters of credit as part […]
Posted inEconomy
Private-sector minimum wage rises 12.5%
New year, new private-sector minimum wage: The National Council for Wages has raised the minimum wage for private-sector workers by 12.5% amid soaring inflation. In a statement Thursday, the Planning Ministry said that private-sector firms now have to pay their employees at least EGP 2.7k a month, up from EGP 2.4k previously. The new minimum […]
Posted inCapital markets
The EGX was the Middle East’s best performer in 2022
The EGX dethrones the ADX as the region’s best-performing stock market: The EGX was the best-performing stock market in the Middle East in 2022 thanks to a bull run in 4Q sparked by the IMF agreement that erased losses, Reuters reports. The benchmark EGX 30 index ended 2022 up 22%, beating out the Abu Dhabi […]