The EGX30 rose 0.1% at today’s close on turnover of EGP 6.4 bn (42.7% above the 90-day average). Local investors were the sole net buyers. The index is up 25.8% YTD. In the green: Egypt Aluminum (+6.1%), Oriental Weavers (+4.0%), and Arabian Cement (+3.2%). In the red: AMOC (-8.7%), Misr Cement (-6.7%), and Qalaa Holdings […]
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?️ OCTOBER 1-26 October (Wednesday-Sunday): Downtown Contemporary Arts Festival. 12 October - 16 November (Sunday- Sunday): Cairo International Art District (CIAD) in Downtown Cairo 15 October (Wednesday): Scorpions concert at New Capital. 15 October (Wednesday): Cairo Marathon early bird registration ends. 15-16 October (Wednesday-Thursday): L’Addition at Rawabet Art Space. 16-17 October (Thursday-Friday): Umm Kulthum Musical […]
All eyes on Sharm El Sheikh ahead of international summit on Gaza
Good morning, all. We hope the long weekend left you refreshed and ready to tackle another work week. We kick off the week with a macro-heavy issue, diving into the latest inflation and current account figures and the S&P upgrading our credit rating for the first time in years. We have a busy week ahead, […]
As the Sahel summer winds down, the Red Sea is just getting started. Say hello to Somabay, a year-round seaside escape where tranquil waters, world-class diving, kitesurfing, golf, and wellness come together in one breathtaking destination. This September, it also hosts the ITF World Tennis Tour, bringing world-class tennis to the coast. Somabay is the […]
Trump to touch down in Sharm this week to finalize Gaza ceasefire agreement
El Sisi told US President Donald Trump that he deserves to win the Nobel Peace Prize for his role in the agreement
S&P upgrades our sovereign credit rating for first time in seven years
The move reflects “international recognition of the country's unwavering commitment to reform and stability,” Finance Minister Ahmed Kouchouk told EnterpriseAM
Inflation cools for fourth straight month in September to 11.7%
Analysts had been expecting a much greater fall in inflation
Gov’t to revisit planned fuel price hikes following Gaza ceasefire
The ceasefire is expected to result in lower global oil prices, easing import costs, and a stronger EGP