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OCTOBER 4-18 October (Wednesdays): Japanese tea-making workshop at AUC New Cairo Campus. 7-21 October (Saturday-Tuesday): Illustration workshop with Keem The Kid at Cocoon Cultural Center. 8-14 October (Sunday-Saturday): Turathna Exhibition, Egypt International Exhibitions Center, New Cairo. 10 October (Wednesday): Tamer Ashour’s concert, Zed Park Sheikh Zayed. 11 October (Wednesday): Teatro Di San Carlo performance, the […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
Two banks just stepped up overseas FX restrictions
Elab, Ethydco and EDC stake sales could happen by year’s end and ACUD is looking for a global advisor for its IPO
Posted inAdvertiser
Get ready to embark on a sensational journey of entertainment: From October through December, London will be illuminated by the brilliance of three remarkable events sponsored exclusively by Somabay. The laughter will be unstoppable at the uproarious Egyptian Trilogy comedy tour, followed by the enchanting Samar Tarik. Brace yourselves for a captivating finale with the […]
Posted inEconomy
Egypt must devalue or risk “bleeding” reserves -IMF chief
Kristalina Georgieva suggests there could be news in the coming weeks on when we can expect a review of progress under our USD 3 bn assistance program
Posted inEconomy
Moody’s downgrades Egypt’s sovereign credit rating on rising debt fears
The rating agency downgraded the rating to Caa1 with a stable outlook, four notches above default
Posted inEconomy
World Bank downgrades Egypt growth outlook + says MENA is on an “unacceptably low” growth path
Egypt growth to slow to 3.7% this fiscal year, MENA as a whole will slow to 1.9% in 2023
Posted inDiplomacy
US senator blocks USD 235 mn of Egypt's military aid
The decision follows the indictment of Sen. Menendez for allegedly accepting bribes in exchange for aiding the Egyptian state
Posted inEconomy
Current account surplus in 4Q as imports fall, tourism revenues rise
Egypt generated record revenues from tourism and the Suez Canal during the fiscal year
Posted inEnergy
Egypt, Maersk sign green methanol framework agreement
The project will produce 300k tons of green methanol a year initially before expanding to 1 mn tons
Posted inEnergy
Our imports of Israeli gas are on the rise. Our LNG exports are not.
Our Israeli gas imports are expected to jump another 30% over the coming period