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Canada’s world-renowned Cirque du Soleil has come to Egypt for the first time. Its latest featured show, Bazzar, kicked off on 19 September and will run until 6 October at Hyde Park New Cairo, Egypt Independent reports. The troupe, which is renowned for its colorful performances and spellbinding acrobatic moves, was founded in 1984 by […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.25 | Sell 16.38 EGP / USD at CIB: Buy 16.26 | Sell 16.36 EGP / USD at NBE: Buy 16.25 | Sell 16.35 EGX30 (Thursday): 13,857 (+1.9%) Turnover: EGP 966 mn (43% above the 90-day average) EGX 30 year-to-date: +6.3% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
28-30 September (Saturday-Monday): Techne Summit, Alexandria. October: A forum will be organized by Russia’s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant. October: German businessman delegation will visit Egypt to discuss good projects in order to spend German funds into Egypt October: A delegation of […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 September 2019
You may now take a breath: The sell-off on the EGX30 finally cooled off yesterday as the index closed up 3.2%, breaking an eight-session losing streak. We’re going to go out on a limb and say it is likely to be an uneventful day today as investors hold their breath ahead of the central bank’s […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s agenda in New York, Egypt’s bourse recovery on last night’s talk shows
President Abdel Fattah El Sisi’s visit to New York was again the top news item on last night’s talk shows. The president, who has been in the Big Apple for the UN General Assembly for a little under a week now, participated in the UN Sustainable Development Summit, Al Hayah Al Youm’s Lobna Assal noted […]
Posted inSpeed Round
Egypt’s benchmark EGX30 index rises 3.2% after eight-day slide
EGX30 rises 3.2% after eight-day slide: The Egyptian Exchange rebounded yesterday, bringing a dose of much-needed positivity to a week that had seen shares experience their sharpest falls since 2015. The benchmark EGX30 closed up 3.2%, with 29 of the index’s constituents rising. “What is happening is just a breath-taking break after three sessions of […]
Posted inSpeed Round
Fortune 500 company Prudential Financial to invest in Egypt’s Sarwa Insurance
INVESTMENT WATCH- Prudential Financial to invest in Sarwa Insurance: Fortune 500 insurance firm Prudential Financial’s impact investing arm has inked an agreement to invest alongside our friends at Sarwa Capital in subsidiary Sarwa Life Insurance Company, according to an emailed statement (pdf). The statement did not disclose the value of the investment. Prudential’s impact investment […]
Posted inSpeed Round
Egyptian e-commerce startup MaxAB raises USD 6.2 mn in seed investment
STARTUP WATCH- Cairo-based e-commerce startup MaxAB has raised USD 6.2 mn in one of the MENA region’s largest-ever seed rounds, it said ina statement (pdf). The round was co-led by Beco Capital, 4DX Ventures, and Endure Capital, while 500 Startups, Outlierz Ventures, and other local investors participated. The company expects the investment to enable it […]
Posted inSpeed Round
France’s Valeo to open two new customer service centers in Egypt
INVESTMENT WATCH- France’s Valeo to open two customer service centers in Egypt: The Information Technology Industry Development Agency (ITIDA) has signed an MoU with French software developer Valeo to open two global shared service centers in Egypt, the CIT Ministry said in a statement. The ministry said the agreement aims to help Egypt increase its […]