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The EGX30 rose 2.0% at today’s close on turnover of EGP 3.2 bn. Foreign investors were net sellers. The index is up 23.8% YTD. In the green: EFG Hermes (+6.8%), Talaat Moustafa Holding (+6.1%) and Qalaa Holding (+5.9%). In the red: Rameda Pharma (-4.8%), Egypt Kuwait Holding-EGP (-2.4%) and Fawry (-1.7%).
Author Archives: enterpriseam admin
Posted inOffice life
Digital nomad lifestyles pick up steam in the world of work
One of the lasting byproducts of covid-19 in the world of work: Being a “digital nomad.” Digital nomads have recently been getting more attention in the professional world, as many large global firms allowed their employees to work remotely from anywhere in the world, at the same time as countries rolled out longer-term visas to […]
Posted inCALENDAR
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. DECEMBER 5-8 December (Monday-Thursday): QS Reimagine Education Awards and Conference, multiple locations. 5-7 December (Monday-Wednesday): Food Africa 2022 kicks off at Egypt International Exhibitions Center. . 7 December (Wednesday): Euromoney Egypt 2022 conference 10 December (Saturday): The TriFactory’s Pyramids Half Marathon. 10-12 December (Saturday-Monday): The […]
Posted inWhat We're Tracking Today
THIS MORNING: The IMF executive board finally has Egypt on its schedule
Good morning, wonderful people. We hope you’re all looking forward to a beautiful day. We start this morning by thanking the 300 of you who joined us yesterday morning for our first ever Enterprise Climate X Forum at the Grand Egyptian Museum. Together, we took a deep dive into the fundamentals of what we think […]
Posted inUncategorized
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Posted inClimate
What business leaders think of the business of climate in Egypt
We held our inaugural Climate X forum yesterday, which saw 300 CEOs, business owners, investors, bankers and development finance folks gather together under the roof of the brand new Grand Egyptian Museum to discuss the opportunities in the climate industry as our global green transition conditions. Discussions covered everything from how to build a (potentially […]
Posted inLEGISLATION WATCH
Competition Act amendments pass the House
MPs give their final approval to Competition Act amendments: The House of Representatives yesterday voted to pass amendments to the 2005 Competition Act following two days of debate. The amendments — which got initial signoff from the chamber on Monday — grant the Egyptian Competition Authority (ECA) the power to block M&As that it thinks […]
Posted inCEO POLL
BII’s Sherine Shohdy on investing in the green transition + the VC ecosystem for sustainable development
We recently had breakfast with 20 top CEOs to talk about why exports and FDI are key to our economy going forward. After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, participating CEOs agreed to answer two questions on the record for our latest CEO Poll. We’ve already […]
Posted inStartup watch
Saudi auto startup Morni is on the lookout for Egyptian acquisitions.
Saudi Arabia’s Morni is eyeing acquisitions in Egypt: Saudi roadside assistance and automotive service provider Morni is looking to debut in the Egyptian market by acquiring local firms, and has hired Exits as its buy-side advisor, according to a statement(pdf) out yesterday. The startup plans to invest USD 10 mn by the end of the […]
Posted inDevelopment finance
Savola’s Afia could be getting USD 20 mn from EBRD to fund imports
EBRD could help fund Afia’s imports: Savola Group’s edible oil company Afia Egypt could receive a USD 20 mn senior unsecured loan from the European Bank for Reconstruction and Development (EBRD) to help it pay for imports amid an FX crunch at home and growing food insecurity abroad, according to the lender’s website. What they […]