The EGX30 fell 1.2% at today’s close on turnover of EGP 11.0 bn (52.2% above the 90-day average). Local investors were the sole net buyers. The index is up 23.7% YTD. In the green: Valmore Holding -EGP (+3.7%), AMOC (+3.5%), and Palm Hills Developments (+1.8%). In the red: Raya Holding (-4.2%), Fawry (-3.7%), and Emaar […]
Author Archives: enterpriseam admin
🗓️ APRIL 7 April - 8 June (Tuesday-Monday): Beyond Van Gogh: The Immersive Experience at District 5 by Marakez in New Cairo. 16 April - 30 June (Thursday-Tuesday): Early bird registration for The Marakez Pyramids Half Marathon. 27 April - 2 May (Monday-Saturday): Alexandria Short Film Festival. 29 April - 9 May (Wednesday-Saturday): Contemporary Dance […]
Cairo blocks new F&B licences in its most lucrative districts
Good morning, wonderful people. It’s a busy morning on the macro and energy fronts as the government lines up 40 LNG cargoes to keep the national grid online through the summer. Cairo governorate is hitting the brakes on new cafe and restaurant licences in Helipolis, Maadi, Zamalek, and Garden City. Up on the North coast, […]
From 7–9 May, the Somabay Endurance Festival returns to the Red Sea for Egypt’s leading multi-sport challenge, where swimming, cycling, and running meet one of the region’s most iconic coastal destinations. This year also introduces a new racing venue and enhanced endurance course experience, elevating the competition and athlete journey even further. In partnership with […]
Gov’t lines up 40 LNG cargoes to cover summer demand
The Madbouly government is lining up 40 LNG cargoes for May and June to cover increased power consumption during the summer months, a senior government official tells EnterpriseAM. Officials expect demand to rise as much as 6-7% year-on-year starting in June. Monthly consumption sits in the 15-20 cargo range, our source tells us. Four additional […]
Established developers on the North Coast got hit by controversial retroactive land fees — Nuca is now rolling them back
Nuca offers up to a 50% discount on retroactive land fees for projects approved before February 2024, while all subsequent allocations remain subject to the strict EGP 1k flat levy
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in the coming weeks
Doorknock Mission sharpens Egypt’s pitch as global capital seeks new hubs
Current geopolitical and economic disruptions may create significant prospects for Egypt