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Good morning, wonderful people, and welcome to a new workweek. We get underway this morning with the central bank hiking rates by 200 bps and yet another update on prospects for an expanded IMF package, the arrival of which looks to be at least several days away. WATCH THIS SPACE- #1- We’re in for more […]
Author Archives: enterpriseam admin
Posted inAdvertiser
Escape to Somabay, where the sun-kissed shores await your arrival. Immerse yourself in the warmth of a perfect vacation, starting each day with the radiant embrace of the sun. Unwind, explore, and create unforgettable memories in this paradise by the sea.
Posted inEconomy
CBE hikes rates for first time since August
The CBE expects inflationary pressures to persist due to geopolitical uncertainty, maritime trade disruptions, and fiscal consolidation measures
Posted inEconomy
Egypt is within striking distance of IMF agreement, Fund chief says
The IMF and Egyptian authorities will continue virtual discussions on economic and financial policies
Posted inCoffee With
Serial entrepreneur Sherif El Zayat on why he’s stepping down as CEO of EK Holding — and what comes next
El Zayat wants to build new export powerhouses alongside existing businesses already selling into Europe and Africa
Posted inTax
Gov’t introduces bookkeeping scheme to account for FX price differentials
The difference between the official and parallel market exchange rates that the rules account for stand at an annual average of 26.64%
Posted inEconomy
Our net foreign liabilities inch up to new record high
Commercial banks drove the headline figure, with their net foreign assets dropping to a deficit of USD 16.2 bn
Posted inCapital markets
EIPICO, Ibnsina Pharma, Delta Sugar join EGX30 after index review + EFG tops Egypt brokerage league table in January
CIRA Education, Credit Agricole, and B Investments were removed from the EGX30
Posted inLAST NIGHT’S TALK SHOWS
Talking heads weigh in on whether the government is planning the USD 22 bn sale of Egyptian land to Gulf investors?
Uncertainty was the overarching theme on the airwaves last night. If a devaluation is happening, when and by how much? Is the government selling off a huge plot of land to Gulf investors? The talking heads took their time speculating yesterday evening. Coming to you straight from the rumor mill: No two people appear to […]