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The EGX30 fell 0.2% at today’s close on turnover of EGP 1.68 bn (27.8% above the 90-day average). Local investors were net buyers. The index is up 5.5% YTD. In the green: QNB AlAhli (+11.9%), Fawry (+6.5%) and Sidi Kerir Petrochemicals (+3.9%). In the red: CIB (-2.5%), Rameda Pharma (-1.7%) and Heliopolis Housing (-1.5%).
Author Archives: enterpriseam admin
Posted inCAREERS
How to deal with layoffs — as an employer or an employee
How to deal with job cuts: Huge layoffs at big tech companies in recent months have put a spotlight on mass firings and just how cruelly they can be dealt out. Nearly 130k tech employees at some 814 companies havelost their jobs this year, with companies like Meta, Amazon, and most notoriously, Twitter, resorting to […]
Posted inCALENDAR
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. 22 November- 23 November (Tuesday-Wednesday): The Fingerprint Summit will be held at the Nile Ritz Carlton Hotel. 27 November (Sunday): Senate in session. 27-28 November (Sunday-Monday): The first edition of the Egypt Media Forum. 27-30 November (Sunday-Wednesday): Cairo ICT and Pafix, Egypt International Exhibition Center, […]
Posted inWhat We're Tracking Today
THIS MORNING: The Egyptian Mercantile Exchange (FKA Egycomex) launches next week
Good morning, friends, and congratulations once again to all our friends and family in Saudi after the Green Falcons’ stunning upset of Argentina at the World Cup yesterday. Unlike us here in Egypt, folks in KSA get too few official days off, so we hope all of you over there are enjoying your impromptu national […]
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 +20155 600 […]
Posted inStartup watch
More Swvl layoffs as company continues quest to turn cashflow positive
Swvl hands out more pink slips: Cairo-born mass transport app Swvl carried out a second wave of layoffs, Bloomberg Asharq reports, citing a number of people who have recently been let go. Swvl had already let go a third of its global workforce this year amid tough economic conditions but the company has now been […]
Posted inStartup watch
Modus, USAID launch local venture builder to promote digital inclusion
A new venture builder on the scene: MENA-focused venture capital firm ModusCapital and our friends at USAID have launched MV Builder II, an Egyptian venture builder targeting startups working to drive digital inclusion among women and underserved populations, according to a joint statement(pdf) out yesterday. MV Builder II is sector agnostic, with a focus on […]
Posted inLEGISLATION WATCH
MPs approve bills on telecoms, real estate, contractors
Four bills get final nod in the House of Representatives: MPs yesterday gave final approval to a number of legislative amendments focused on regulatingtelecommunications, compensating contractors for losses on state contracts, and property registration in new cities. The final sign offs were the last before the House adjourned, with the lower house set to reconvene […]
Posted inCoffee with…
Coffee With: Hatem Dowidar, group CEO of e&
Coffee With: Hatem Dowidar (LinkedIn), group CEO of e& (formerly Etisalat): Hatem Dowidar joined the UAE’s largest telecoms operator as its COO in 2015, becoming its international CEO the following year, and Group CEO in 2020. In the two years since, the company’s market value has increased by more than 150%, while Forbes Middle East […]
Posted inMoves
Hisham Ezz Al Arab is back on the board at CIB
Our friend Hisham Ezz Al Arab is back home: CIB’s former chairman and managing director Hisham Ezz Al Arab (LinkedIn) is back on the bank’s board of directors after being appointed a non-executive director with the Central Bank of Egypt’s blessing, the bank said in a statement yesterday. Ezz Al Arab was forced by the […]