Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Author Archives: enterpriseam admin
What the markets are doing on 4 November 2024
The EGX30 fell 0.6% at today’s close on turnover of EGP 4.0 bn (5.9% below the 90-day average). Local investors were the sole net sellers. The index is up 23.1% YTD. In the green: Juhayna (+2.9%), Madinet Masr (+1.5%), and Ezz Steel (+0.8%). In the red: B Investments (-2.1%), Cleopatra Hospitals (-2.0%), and Beltone Holding […]
NOVEMBER 18 October - 18 November (Friday-Monday): Cairo Prints Exhibition at Cairopolitan in Garden City 24 October - 16 November (Thursday - Saturday): Art D'Egypte’s Forever is Now at the Giza Pyramids. 31 October - 8 November (Thursday-Friday): Cairo International Jazz Festival at the American University in Cairo’s Tahrir Campus. 7 November (Thursday): Saad Eloud […]
IMF boss is in town for talks with El Sisi, Madbouly, Abdalla
Good morning, friends. We are kicking off the week with an issue packed with good news: our budget deficit has narrowed, the net foreign asset surplus is rising again, Fitch Ratings upgrades our credit rating, and the IMF is optimistic about our medium-term growth. More good news coming our way? We could be in line […]
Discover the essence of paradise at Somabay: Join us at the World Travel Market in London, Stand #S12-200 from November 5-7, 2024. Let’s connect and explore the experiences that make Somabay a world class destination. From pristine beaches to exhilarating sports, we can’t wait to share the beauty of Somabay with you.
Egypt’s budget deficit narrows to 2.2% during 1Q of FY 2024-25
The first quarter of FY 2024-25 saw positive trends across Egypt’s budget deficit and revenues
Fitch upgrades our credit rating to ‘B’ citing greater confidence in structural reforms
The ratings agency cited an inflow of FDI, our commitment to maintaining a flexible exchange rate, and fiscal consolidation as driving the decision
The IMF sees Egypt’s medium-term growth rising above 5% as regional conflicts subside, structural reforms are implemented
The Fund also took note of our efforts toward fiscal balancing, including subsidy and tax reforms