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DEBT- Al Baraka lines up shariah-compliant financing from IFC: The International Finance Corporation (IFC) has agreed to lend USD 50 mn in sharia-compliant financing to Al Baraka Bank Egyptto finance MSMEs, the multilateral lender said yesterday. The funds will be used to finance thousands of small businesses operating across multiple sectors, with at least 25% […]
Author Archives: enterpriseam admin
Posted inPLANET FINANCE
The hype in the financial markets for lower interest rates is cooling (except in crypto)
Market hype over the Fed’s interest rate position is tempering: The meltup in the financial markets that accompanied statements made by the chair of the Federal Reserve last week stuttered in the week’s first day of trading yesterday, with stocks falling, US yields rising, and gold falling back from record highs. Risk assets soared last […]
Posted inCALENDAR
DECEMBER 3-5 December (Sunday-Tuesday): World Youth Forum, Sharm El Sheikh. 4-7 December (Monday-Thursday): Egypt Defence Expo, Egypt International Exhibition Center. 9-15 December (Saturday-Friday) :The Engineering Export Council of Egypt’strade mission to Saudi Arabia. 10-11 December (Sunday-Monday): eGlobe Expo, St. Regis Almasa Hotel, Cairo. 10-12 December (Sunday-Tuesday): Voting in presidential election takes place in Egypt. 12-13 […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: PMI contraction softens, but business confidence hits historic lows
Good afternoon, friends and happy (busy) hump day. We have a brisk news flow todayas we hit the midpoint of the week. THE BIG STORIES TODAY #1-Egypt’s non-oil private sector business activity contracted at a softer pace in November but business confidence plummeted to historic lows on the back of elevated inflation, according to S&P […]
Posted inFOR YOUR COMMUTE
More data breaches compromises genetic testing company + GTA is back
Hackers skimming data off companies is a growing trend
Posted inENTERPRISE RECOMMENDS
Finally: A comical Black Mirror
The series satirizes our world that relies on apps and upgrades
Posted inENTERPRISE RECOMMENDS
Some Premier League matches + Egyptian league is still going strong
⚽ It’s a slow football day, but not without matches: Today in the Premier League: Wolverhampton will be hosting Burnley tonight at 9:30pm in the opening matches of gameweek 15 of the Premier League. Luton Town will host Arsenal tonight at 10:15pm. Arsenal is hoping to score three points as it looks to widen the […]
Posted inENTERPRISE RECOMMENDS
The Cairo Art Book fair is beckoning you
? OUT AND ABOUT-(all times CLT) ART- In solidarity with Gaza, there will be an art exhibition held today in The Atrium in Arkan, Sheikh Zayed, between 5-10 pm where well-known artists and art collectors can donate some of their art to be sold and the proceeds of which will be donated to Gaza. The […]