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The EGX30 rose 3.2% at today’s close on turnover of EGP 2.38 bn (44.6% above the 90-day average). Local investors were net buyers. The index is up 17.8% YTD. In the green: AMOC (+11.0%), Fawry (+8.6%) and Sidi Kerir Petrochemicals (+8.3%). In the red: Eastern Company (-1.1%).
Author Archives: enterpriseam admin
Posted inCALENDAR
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. DECEMBER 4 December (Sunday): House back in session. 4 December (Sunday): OPEC+ meeting. 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. 6 December (Tuesday): Enterprise Climate X Forum, Grand […]
Posted inWhat We're Tracking Today
THIS MORNING: MPs to discuss Competition Act today; G7 agrees Russia oil price cap
Good morning, folks. We’re only two days away from meeting with some of you at the Enterprise Climate X Forum at the Grand Egyptian Museum on Tuesday, 6 December. We kick things off with a networking and standing breakfast at 8am CLT, followed by panel discussions and live interviews on: What are green hydrogen and […]
Posted inUncategorized
Enjoy renting with home comfort, privacy, exclusive privileges, and tailor-made packages for an unforgettable guest experience. A signature collection of handpicked serviced villas, chalets, apartments, and studios to transform your vacation into an exceptional experience, and to discover the magic of Somabay in luxury bliss. For booking inquiries, contact us by phone at +20 155 […]
Posted inCEO POLL
Actis’ Sherif El Kholy on the export industries we should focus on right now, and down the line
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 have […]
Posted inInfrastructure
Egypt to sign contracts for 21 desalination plants next year -Soliman
Egypt will sign contracts to build 21 desalination plants next year, Sovereign Fund of Egypt CEO Ayman Soliman said at a Reuters conference last week. More than 200 developers from 35 countries have shown interest in bidding for the projects, Soliman said. The projects will make up the first USD 3 bn phase of the […]
Posted inEconomy
Remittances to Egypt to rise 2.5% this year- World Bank
Remittances from Egyptians abroad are set to rise 2.5% this year, climbing to USD 32.3 bn from USD 31.5 bn in 2021, according to the World Bank’s latest forecast (pdf). The Washington-based lender sees Egypt’s inflows benefiting from surging oil prices, which will increase transfers from Egyptian workers based in the Gulf. This isn’t quite […]
Posted inEnergy
Renewable energy authority axes 50-MW Aswan solar plant
One solar project just bit the dust: A 50-MW solar plant in Aswan has been called off by the New and Renewable Energy Authority (NREA) in a bid to reduce the government’s financing burdens, Bloomberg Asharq reported, citing three unnamed officials from the authority. The Kuwait-based Arab Fund for Economic and Social Development had agreed […]
Posted inLAST NIGHT’S TALK SHOWS
Sisi-Abdullah talks, the return of BMW + record gold prices get airtime on the talk shows
It was rather a mixed bag on talks shows yesterday, with the talking heads focusing on yesterday’s meeting between President El Sisi and Jordan’s King Abdullah, the return of BMWs to Egypt, and record gold prices. Talks between President Sisi and Jordan’s King Abdullah got coverage by Ala Mas’ouleety (watch, runtime: 6:53) and Al Hayah […]