The EGX30 rose 2.4% at today’s close on turnover of EGP 3.8 bn (8% above the 90-day average). Local investors were the net sellers. The index is up 3.6% YTD. In the green: Ibnsina Pharma (+6.7%), E-finance (+4.4%), and GB Corp (+4.2%). In the red: Eastern Company (-0.2%).
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. 9-14 April (Wednesday-Monday): Ici la Palestine event at the French Institute of Egypt. 10 April (Thursday): Marwan Pablo concert at AUC. 10-12 April (Thursday-Saturday): AUC Tahrir Culture Fest. 12 April […]
Wall Street stocks slide as MENA indexes rise
Good morning, friends. The EGP strengthened a bit against the greenback yesterday, snapping a multiday losing streak after policymakers made clear Egypt was not backing away from a floating FX regime. The currency gained slightly against the USD as a handful of foreign investors bought back into the carry trade after seeing others exit smoothly […]
…or how I learned to stop worrying and love FX volatility
The average yield on interest rates — among the highest globally — has been the main factor attracting investors quickly back to the market
Egypt could get partial relief from Trump’s tariffs — but there’s a catch
In exchange for relaxing its own tariffs, US officials are pushing for the removal of non-tariff restrictions in key sectors
Gov’t lowers its forecast for oil prices in FY 2025-26 amid global uncertainty
The government’s estimated price could be higher than actual oil price levels during the year, our source suggested
Egypt, France sign several financing, cooperation agreements during Macron’s visit
The agreements focused on various key sectors including healthcare, education, infrastructure, and industry
Passant Fouad joins Egypt Kuwait Holding as chief marketing, PR officer
Fouad brings more than 20 years of experience in brand strategy, corporate communications, and media