The EGX30 rose 1.0% at today’s close on turnover of EGP 7.8 bn (16.4% above the 90-day average). International investors were the sole net buyers. The index is up 17.3% YTD. In the green: Orascom Development (+4.0%), Misr Cement (+3.4%), and Telecom Egypt (+3.2%). In the red: Palm Hills Developments (-2.3%), Raya Holding (-1.9%), and […]
Author Archives: enterpriseam admin
🗓️ APRIL 7 April - 8 June (Tuesday-Monday): Beyond Van Gogh: The Immersive Experience at District 5 by Marakez in New Cairo. 10 April (Friday): The Goats Vol.2 at Theatro Arkan. 10-13 April (Friday-Monday): New Capital Spring Carnival at Green River Park, New Capital. 11 April (Saturday): Burna Boy at Festival Plaza, El Gouna. 11 […]
What does a two-week ceasefire mean for Egypt?
Good morning, friends. The shift in mood is stark this morning after the overnight announcement of a two-week ceasefire between the US and Iran. Here’s what we know: Washington will “suspend the bombing and attack of Iran for a period of two weeks” if Tehran reopens the Strait of Hormuz, US President Donald Trump said. […]
This Easter, nothing ends early. It simply unfolds. From sunlit days to evenings that carry on, Somabay becomes a place where every moment finds its rhythm.
Ain Sokhna Port moves to fully automated exports to fast-track shipments
The fully digital platform replaces paper-based processes, which have historically caused clearance delays and increased the risk of manipulation
Egypt tenders five Sinai logistics zones to push overland route alternatives to disrupted shipping routes
The push comes as shipping disruptions are pushing shipping agents and freight forwarders to establish alternative overland routes
Egypt faces triple deficit trap as regional risks mount
With remittances accounting for 5.6% of GDP, decreased economic activity in the GCC cut pressure on this source of hard currency
Mashreq launches non-resident accounts for Egyptians in the UAE, with quick-remit rail
The Central Bank of Egypt has allowed Mashreq to use its KYC protocols in the UAE for non-resident accounts