The EGX30 fell 0.3% at today’s close on turnover of EGP 3.2 bn (16.5% under the 90-day average). Local investors were the sole net buyers. The index is down 0.2% YTD. In the green: Orascom Developments (+1.9%), Oriental Weavers (+1.6%), and Alexandria Containers and Goods (+1.5%). In the red: Egypt Aluminum (-2.5%), Eastern Company (-1.8%), […]
Author Archives: enterpriseam admin
FEBRUARY 23 January - 5 February (Thursday-Wednesday): Cairo International Book Fair at the Egypt IECC in New Cairo. 2-5 February (Sunday-Wednesday): SYNC Public Speaking workshop at O West. 4-5 February (Tuesday-Wednesday): Tales of Gouha at AUC Tahrir. 7 February (Friday): Tablet El Sitt at The Theatre. 7 February (Friday): Saliah, Hwa Fi Eh and Lana […]
Birth rates fell below the 2 mn mark in 2024
Good morning, folks. We have another busy issue for you this morning — leading today’s issue is fresh investment news courtesy of Investment Minister Hassan El Khatib’s Kuwait trip and the kickoff of FY 2024 earnings season, with Beltone turning in a strong set of results. We also have a dive into what universities are […]
Somabay: A Community Committed to Education and a Sustainable Future Somabay is dedicated to building a vibrant community with education at its heart through GEMS International School Somabay (GISS). As Egypt’s first GEMS school, GISS offers top-tier education via the International Early Years Curriculum (IPC) and an American diploma aligned with AERO standards. Part of […]
Bukhamseen is mulling USD 125 mn hotel in Egypt and more from El Khatib’s time in Kuwait
The group is currently developing two new projects in Cairo
Beltone reports “exceptional results” for 2024, with bottom line up almost 5x
Beltone’s NBFIs platform reported a 6x y-o-y increase in operating revenues last year
Egypt’s pharma sales rise 42% y-o-y in 2024
Pharma prices are expected to remain stable throughout the year
FRA proposes amendments to ease establishment investment, VC funds
The proposals would allow investors to set up investment and VC funds under any type of corporate structure approved by the FRA board