The EGX30 fell 0.1% at today’s close on turnover of EGP 7.3 bn (50.1% above the 90-day average). Local investors were the sole net buyers. The index is up 35.1% YTD. In the green: Misr Cement (+11.1%), Telecom Egypt (+6.4%), and E-finance (+3.4%). In the red: Beltone Holding (-4.2%), Arabian Cement (-3.7%), and Juhayna (-3.0%).
Author Archives: enterpriseam admin
?️ NOVEMBER 12 October - 16 November (Sunday- Sunday): Cairo International Art District (CIAD) in Downtown Cairo. 7-26 November (Friday-Wednesday): Posters for Palestine at Saad the Studio, Maadi. 11 November - 6 December (Tuesday-Saturday): Forever is Now at the Great Pyramids of Giza. 13-15 November (Thursday-Saturday): El Kadeya Eli Heya at El Rihany Theater. 14 […]
Madbouly confirms visit from IMF mission within weeks
Good morning, friends. For the second morning this week we lead the news well with news of incoming Gulf investments, this time from Kuwait, with sources telling us that we can expect the country to finalize an agreement for the first tranche of its USD 3 bn investment package within weeks. PSA- WEATHER- Cairo is […]
The Opening of The Kaktus Hotel marks a new destination in Somabay, inspired by active lifestyle and culinary destination offerings. The Kaktus has finally bloomed on the Red Sea. #Lovesomalivekaktus
Kuwait to finalize agreement for first tranche of USD 3 bn investment package within weeks
The Gulf nation is considering opportunities in ports, logistics, industrial ventures, and renewable energy
Local sukuk issuance, take two
The second tranche is a three-year ijara issuance with a semi-annual return
Qatar’s USD 30 bn North Coast investment is boon for Egypt’s credit position -Moody’s
Despite recent developments throughout the past year with regard to inflation and interest rates, debt servicing costs are still elevated
Qalaa Holdings to unlock value through EGX listings, convertible bonds, and portfolio optimization
Qalaa eyes IPOs for five subsidiaries in the next two years
Egypt bans sugar imports for three months
The decision aims to protect local producers amid rising domestic output and falling prices