The EGX30 fell 0.7% at today’s close on turnover of EGP 10.4 bn (32.9% above the 90-day average). Local investors were the sole net buyers. The index is up 24.3% YTD. In the green: Abu Qir Fertilizers (+2.0%), ADIB (+1.9%), and Ibnsina Pharma (+1.5%). In the red: Qalaa Holdings (-5.0%), Heliopolis Housing (-4.8%), and Oriental […]
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🗓️ MAY 14-23 May (Thursday-Saturday): Cairo Light Festival. 19-20 May (Tuesday-Wednesday): Priceless Harvest: Chef Tarek Alameddine and Chef Tala Bashmi at Shemu on the Nile. 21 May (Thursday): The Prontos Michael Jackson Tribute night at Room Art Space. 22 May (Friday): Moustafa Amar at CJC 610. 22 May (Friday): The Goats Vol.2 at Teatro 90. […]
IMF expects staff-level agreement over the summer, unlock USD 1.6 bn
Good morning, wonderful people. While the weather today is scorching, the news cycle is relatively calm. Leading the news this morning, four state-owned companies have secured temporary EGX listings as the government races to demonstrate divestment progress ahead of a 15 June IMF deadline. Speaking of the IMF, an early mission from the Fund is […]
Sailors chasing the wind to Somabay shores. From 14-16 May, the first-ever Somabay Sailing Festival 2026 brings together world-class regattas, elevated seaside experiences, and vibrant energies. Marking a new milestone for the destination and the future vision of GranMarina, the festival sets the tone for a new era of sailing experiences at Somabay. Brought to […]
Four new temporary listings head to the EGX
Four state-owned companies have secured provisional EGX listings across pharma, fertilizers, and tourism — the latest batch to join the country’s growing temporary listings, according to bourse statements. Meet the companies: Chemical Industries Development (CID): Issued capital of EGP 400 mn, distributed over 40 mn shares with a par value of EGP 10.00 per share; […]
Analysts expect CBE to keep interest rates steady on Thursday
Nine out of 10 analysts polled by EnterpriseAM expect the CBE to keep interest rates steady for the second consecutive time amid heightened inflation
Valu sees net income surge 78% as it enters Jordan
Also: Raya Holding saw its net income rise 3.7% y-o-y to EGP 384 mn in 1Q 2026