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A week packed with joy. Experience the magic of Eid at Somabay: Celebrate the upcoming Eid El Adha holiday with us at Somabay from 14-22 June. Get ready for an exciting program packed with activities for families and kids, enchanting beach experiences, vibrant nightlife, revitalizing wellness offerings, and a delectable selection of culinary delights. Book […]
Author Archives: enterpriseam admin
Posted inEconomy
UBS strategists forecast FX inflows of up to USD 20 bn by the end of 2Q 2025 in upside scenario, outflows of up to USD 3 bn in downwide scenario
The Swiss investment bank recommends holding Egyptian t-bills without hedging against FOREX fluctuations
Posted inCapital markets
Qalaa shareholders have bought over 81% of its debt in first subscription round
The debt buyback program is part of Qalaa’s plan to retire some USD 430 mn in foreign-currency debt
Posted inLAST NIGHT’S TALK SHOWS
Talk of a cabinet shake-up in the new government caught the attention of the nation’s talking hosts
“The official announcement of the new government could be on Tuesday or Wednesday, or right after the Eid Al Adha break,” said Ahmed Moussa
Posted inAlso on our Radar
Government rejects proposal to hike the price of subsidized sugar. PLUS: HSBC + Juhayna, Nokia, Samih Sawiris’ FTI Touristik, EgyptAir, Podcast Productions
The state currently spends more than EGP 23 in subsidies on every kilo of subsidized sugar
Posted inPLANET FINANCE
Central banks are leaning heavier on the USD amid higher interest rates
18% of global central banks are planning to increase their USD allocation over the next 1-2 years
Posted inCALENDAR
2024 JUNE 10 June (Monday): CBE and Capmas to publish inflation data for May. 15-19 June (Saturday-Wednesday): Eid El Adha (TBC) (national holiday). 29-30 June (Saturday-Sunday): EU-Egypt Investment Conference. 30 June (Sunday): June 30 Revolution Day (national holiday). JULY 2-3 July (Tuesday-Wednesday): Aswan Forum for Sustainable Peace and Development, Cairo, Egypt. 7 July (Sunday): National […]
Posted inWHAT WE’RE TRACKING TONIGHT
Annual inflation drops to its lowest level in over a year. PLUS: US Secretary of State Antony Blinken in town to talk ceasefire
Good afternoon, folks and happy Monday. Like you, we are staring down our calendars wishing the days could pass sooner so that we can get to that long week off. THE BIG STORIES TODAY Annual inflation falls to lowest level in over a year: Annual urban inflation cooled to 28.1% in May, down from 32.5% […]