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It was a one-woman show on the airwaves last night, with Kelma Akhira’s Lamees El Hadidi giving us the only coverage worth noting on recent volatility in the USD exchange rate on the parallel market. The EGP / USD exchange rate on the black market is falling after last week’s spike. The EGP strengthened slightly […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
The Pyramid of Menkaure restoration saga continues
The government’s decision to reassess its controversial pyramid renovation project has caught the attention of the international press: Agence France-Presse picked up a statement from the Tourism Ministry announcing that it has set up a committee to review the project to restore part of the granite later of the Pyramid of Menkaure after it sparked […]
Posted inAlso on our Radar
News of more freezones + flights
MANUFACTURING- Eleven new freezones? The government has prepared a list of sites in 11 cities it plans to offer to investors to establish public freezones in a bid to attract foreign direct investments and boost exports, according to a cabinet statement. The list includes land plots in 10th of Ramadan, New Alamein, Sadat City, New […]
Posted inPLANET FINANCE
China’s fresh promises to rejuvenate its faltering stock market may not be enough
Investors seem to be giving up on China’s stock market: Over 40% of investors surveyed at a Goldman Sachs conference in Hong Kong last week think that Chinese equities are “uninvestable,” despite authorities vowing “forceful” measures to stabilize its falling stock market, the Financial Times reported yesterday. The measures: The country’s Securities Regulatory Commission said […]
Posted inCALENDAR
2024 FEBRUARY 8 February (Thursday): Deadline to apply to Shalateen Mining Company’s international gold exploration tender. 11 February (Sunday): Deadline to apply for the Chicago Booth Executive Programin El Gouna. 15-16 February (Thursday-Friday): Brazilian President Luiz Inácio Lulada Silva meets with President El Sisi in Cairo. 19-21 February (Monday-Wednesday): Egypt Energy Show, Egypt International Exhibition […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Weighed down by inflation, PMI contracts for the 38th month in a row
Good afternoon, folks, and happy Monday. The news cycle at home and abroad continues to be primarily led by macroeconomics and monetary policy, while everyone here in Om El Donia is keeping their eyes peeled for signs that our IMF agreement is signed, sealed, and delivered. THE BIG STORY TODAY Egypt’s non-oil private sector contracted […]
Posted inFOR YOUR COMMUTE
Women shine at this year's Grammys. PLUS: Jam nights may help your brain health
Jay Z pointed out that Beyonce still hasn’t won album of the year despite 32 awards in other categories