The EGX30 fell 0.5% at today’s close on turnover of EGP 3.7 bn (21.8% below the 90-day average). International investors were the sole net buyers. The index is up 8.7% YTD. In the green: Orascom Construction (+4.0%), ADIB (+3.5%), and Egyptalum (+3.0%). In the red: Orascom Development (-3.2%), Emaar Misr (-3.0%), and GB Corp (-2.9%).
Author Archives: enterpriseam admin
JUNE 2 June (Monday): Karaoke Night at CJC 610. 3 June (Tuesday): Alaa El Sheikh Comedy Night at CJC 610. 6 June (Friday): 50 Years of AC/DC concert. 6 June (Friday): Orijins at New Administrative Capital. 6 June (Friday): Y2K: Dance Fever at CJC 610. 7 June (Saturday): Funkside at Cook’s Club El Gouna. 7 […]
Madbouly announces five-day Eid Al Adha break from Thursday
Good morning, folks. We’re kicking off the first day of the month with news that the decline in oil and gas production is set to stabilize in two months, according to Oil Minister Karim Badawi, fresh entrants to the privatization pipeline for the next fiscal year, and more. PSA- WEATHER- It’s another partly cloudy day […]
On June 7th & 8th, take your front seat to Eid Magic – Somabay Edition. LUMEN: A two-day experience by CJC is landing at Somabay, headlined by Oscar and The Wolf and Klangphonics. Get ready for beachside beats, golden hour sets, and barefoot dancing in the sand — set against the breathtaking backdrop of Somabay’s […]
Oil and gas production decline set to stabilize in two months, says Oil Minister Karim Badawi
Badawi’s comments come as Egypt faces a widening gas supply gap heading into peak summer demand
Nitzana pipeline delay caps imports of Israeli gas
The delay is expected to limit Israeli gas exports to Egypt to 1.6 bn cfd from 2H 2026
Household gas bills to rise 25% starting this month
The government is set to raise household gas prices by up to EGP 2 per cbm starting June
Madbouly gov’t doubles property tax exemption threshold to EGP 4 mn
The step is a part of a broader plan to revamp the property tax law and resolve ongoing disputes