The EGX30 rose 0.4% at today’s close on turnover of EGP 3.3 bn (27.1% below the 90-day average). Regional investors were the sole net sellers. The index is up 7.0% YTD. In the green: Beltone Holding (+3.0%), Fawry (+2.3%) and Ibnsina Pharma (+2.1%). In the red: Sidpec (-2.8%), Abu Qir Fertilizers (-2.3%) and Juhayna (-1.9%).
Author Archives: enterpriseam admin
8-18 May (Thursday-Sunday): Cairo Photo Week in Downtown Cairo and District 5. 15 May (Thursday): Hiba Tawaji at Hyde Park. 16 May (Friday): Angham at the Cairo Opera House. 16 May (Friday): Ehab Tawfik at CJC 610. 16 May (Friday): Dr. Alfons at Storia Katameya Heights. 16 May (Friday): Amr Diab at the American University […]
Anti-dumping duties on hot-rolled steel imports?
Good morning, all. We kick off this Tuesday with a packed issue, led by news of remittances doubling, updates on plans to amend the property tax, and a regasification unit secured under a ten-year contract . PSA- The 15 May deadline for EGX-listed firms to file 1Q financials has been pushed to the end of […]
Somabay Sports Arena steps up as a leading sports destination by welcoming new partnership with S Tennis Academy and expanding its partnership with Oneflow to manage Football Courts and the Aquatics Center. With global training camps, elite facilities, and stunning surroundings, Somabay continues to shape the future of sports tourism on the Red Sea.
Remittances more than double y-o-y to record February high of USD 3 bn
February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis
Finance Ministry to bring in private firms to overhaul property tax valuations
The Finance Ministry will bring in up to four private-sector firms to start reassessing property units valuations across Egypt
Egypt secures LNG regasification unit under 10-year contract signaling long-term reliance on natgas imports
The unit will replace the existing Hoegh Galleon, which was delivered by Höegh Evi last year
Nawy secures USD 52 mn in Series A round
The company also secured USD 23 mn in debt financing from Egyptian lenders