The EGX30 rose 0.1% at today’s close on turnover of EGP 3.1 bn (30.7% below the 90-day average). Regional investors were the sole net buyers. The index is up 4.5% YTD. In the green: GB Corp (+2.9%), Orascom Development (+1.3%), and CIB (+0.9%). In the red: Ibnsina Pharma (-3.1%), Fawry (-2.1%) and Juhayna (-1.2%).
Author Archives: enterpriseam admin
APRIL 6-30 April (Sunday-Wednesday): More Than Just A Word art exhibit at Nout Gallery in Zamalek. 8-30 April (Tuesday-Wednesday): Faces of the Margin art exhibition. 18 April (Friday): Massar Egbari concert at Teatro Arkan. 19 April (Saturday): Cosmos Film Tour by Qahrawya. 25 April (Friday): Tamer Ashour concert at ZED Park, Sheikh Zayed. MAY 2 […]
Egypt targets USD 4 bn Kuwaiti investment in 2025
Good morning, friends. We’ve got another busy issue for you today, with a rundown of all you need to know about the Labor Act passed in the House yesterday (it’s not exactly friendly to private businesses), a look at next fiscal year’s budget, and a vote of confidence in the domestic economy as DPI takes […]
Easter in Somabay: A Festive Escape by the Red Sea Easter in Somabay is a vibrant celebration filled with fun for all ages. Families can enjoy beachside egg coloring, kids’ activities, and water adventures. The stunning beaches offer relaxation and watersports by day, while lively nightlife with music and parties takes over after sunset. Add […]
The long-awaited new Labor Law is finally here
The law makes open-ended contracts the default, unless otherwise specified in writing
Next fiscal year’s government budget pencils in 23.0% jump in revenues, 19.2% rise in expenditures
The gov’t sees the primary surplus reaching 4.0% of GDP
DPI signals it wants more Egypt as it takes over management of VC fund Nclude
DPI is now managing the USD 105 mn Nclude fund and has launched a new VC arm to back early-stage tech across Africa
China’s Befar kicks off construction on USD 500 mn green chemical plant — an Egypt first
The USD 300 mn first phase will be completed within 18 months
Italy’s Mapei opens EUR 25 mn chemicals plant
The company aims to position the facility as a regional production and export hub