The EGX30 fell 0.3% at today’s close on turnover of EGP 5.5 bn (18.5% above the 90-day average). International investors were the sole net sellers. The index is up 26.4% YTD. In the green: Egypt Aluminum (+6.5%), Oriental Weavers (+3.5%), and Misr Cement (+2.3%). In the red: Abu Qir Fertilizers (-7.0%), EFG Holding (-2.7%), and […]
Author Archives: enterpriseam admin
?️ OCTOBER 1-26 October (Wednesday-Sunday): Downtown Contemporary Arts Festival. 12 October - 16 November (Sunday- Sunday): Cairo International Art District (CIAD) in Downtown Cairo. 16-24 October (Thursday-Friday): Gouna Film Festival. 22 October (Wednesday): Amira Adeeb, Zaid Khaled, Issa and Assouad at CJC 610. 22-23 October (Wednesday-Thursday): Stop Calling Beirut at Jesuit Cultural Center. 23 October […]
Egypt is now the region’s biggest LNG importer
Good morning, all. We have a packed issue for you this morning diving into the FRA’s decision to block the Emirati Sagasse from putting in a bid to acquire Elsewedy Electric, the new mechanism for calculating solidarity contribution, and fresh Chinese investments. ALSO IN TODAY’S ISSUE- We discuss the future of payments with Tareq Muhmood, […]
From October 12–16, Somabay hosted the Somabay World Cup for the first time in Egypt, welcoming 173 participants from 19 countries to its signature Red Sea course. The tournament spotlighted Egypt’s growing presence on the global golf map, set against Somabay’s year-round sunshine, luxury resorts, and world-class sports and leisure scene.
Electra parent company Sagasse hits regulatory wall in Elsewedy takeover push
The proposed structure violates market fairness and investor protection principles, according to the FRA
The war for the future of payments
Visa is the biggest player in a messy global war over the future of payments
Gov’t to introduce new mechanism for calculating solidarity contribution for manufacturers
The solidarity contribution tax will be calculated based on net profit rather than revenues
Chinese players to set up four new textile projects worth a combined USD 65 mn
PLUS- Agro Green For Exporting Agriculture Crops inaugurated a EGP 300 mn factory in Dakahlia