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The EGX30 rose 0.8% at today’s close on turnover of EGP 6.2 bn (40.7% above the 90-day average). Local investors were the sole net sellers. The index is up 23.3% YTD. In the green: ADIB (+4.1%), Sidpec (+3.9%), and Mopco (+2.9%). In the red: Orascom Construction (-1.9%), GB Corp (-1.3%), and Eastern Company (-0.9%).
Author Archives: enterpriseam admin
Posted inTHE ENTERPRISEPM ENTERTAINMENT CALENDAR
? SEPTEMBER 30 September (Tuesday): Helenas at Eazees International Women’s Theater Festival. 30 September (Tuesday): Cairo Comedy Club at CJC 610. OCTOBER 1 October (Wednesday): Helenas at Eazees International Women’s Theater Festival. 1 October (Wednesday): Mo Amer Comedy Night at the New Capital. 1-26 October (Wednesday-Sunday): Downtown Contemporary Arts Festival. 2-5 October (Thursday-Sunday): SheArts Festival. […]
Posted inWhat We're Tracking Today
Gov’t to fast-track all investment approvals to 20 days
Good morning, friends and happy Monday to you all. The news flow has picked up after a slow start to the week. We lead today’s issue with the latest efforts to boost investment — fast-tracking all approvals and preparing a legislative package to remove tax, customs, and procedural barriers. ALSO- Gas demand has fallen significantly […]
Posted inAdvertiser
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 […]
Posted inEconomy
Gov’t readies sweeping legislative package to boost investment, ease customs hurdles
A new package of 21 customs measures is in the works, including a new law that would let producers pay customs duties on production inputs in installments
Posted inIndustry
Will the government shield ceramic producers from Chinese dumping?
Ceramic makers are awaiting safeguard tariffs on Chinese imports, as local producers warn of unfair competition
Posted inEnergy
Weakening demand creates backlog of LNG cargoes at ports
PLUS- The government has raised the tariff for transporting natural gas through the national grid by a third
Posted inM&A WATCH
FRA greenlights Wafa, Raya tender offers as bids go live on EGX
Delta shareholders have until 27 October and Raya CX shareholders until 26 October to decide