The EGX30 rose 0.1% at today’s close on turnover of EGP 3.0 bn (29% below the 90-day average). Regional investors were the sole net buyers. The index is up 23.1% YTD. In the green: Faisal Islamic Bank -EGP (+3.3%), Elsewedy Electric (+2.1%) and Eastern Company (+1.8%). In the red: B Investments Holding (-2.6%), Emaar Misr […]
Author Archives: enterpriseam admin
NOVEMBER 8 November - 31 January (Friday-Friday): Double Dribble League at the Maadi Sports Club. 19 November - 31 December (Tuesday-Tuesday): Cairo Prints Exhibition at Garden City. 12-24 November (Tuesday-Sunday): From Alexandria With Love exhibition at Art Talk Gallery in Zamalek. 13-22 November (Wednesday-Friday): Cairo International Film Festival. 22 November (Friday): Grill Setup at Zed […]
IFC eyes mining collaboration with the state
Good morning, everyone. IPOs have become a bit of a rarity for us over in Egypt, so it’s not often that we get to kick off an issue with news that the EGX will soon be welcoming a new addition. We’ve got the latest on United Bank’s private placement set to kick off this morning […]
United Bank sets IPO plans in motion with private placement starting today
The total offering could see the bank raise up to EGP 5.1 bn
HSBC’s Ali Taqi on how Egyptian companies are faring in the battle for regional business — and what foreign investors here are thinking now
Investors need to see healthy volatility in the FX rate and indicators moving in the right direction, says HSBC Egypt’s head of commercial banking
UAE’s Al Dahra looks to invest USD 230 mn to purchase up to 90k feddans, fund reclamation
The company has invested around USD 250 mn to reclaim and cultivate 40k feddans