Get EnterpriseAM daily

Available in your choice of English or Arabic

Posted inPLANET FINANCE

Investors are growing more concerned about an Egypt default

The cost of insuring Egypt’s debt just hit a record high: The country’s five-year credit-default swaps (CDS) are trading at a record discount to their one-year counterparts, Bloomberg reports — suggesting that investors are more worried than ever about the nation’s short-term default risk. Egypt’s one-year credit-default swaps rose 1k bps to 2.3k bps in […]

Posted inCALENDAR

APRIL April: SCZone roadshow in China. April: SCZone to begin providing ship bunkering services in the Suez Canal’s ports. 26 April - 5 May (Wednesday-Friday): African Basketball Championship. 30 April (Sunday) House of Representatives back in session. 30 April (Sunday): Tenth of Ramadan dry port tender deadline. 30 April (Sunday): Deadline for self-employed to register […]

Posted inWHAT WE’RE TRACKING TONIGHT

THIS EVENING: Automotive sales dropped again in March + GEM grand opening slated for November?

Good afternoon, wonderful people, and welcome to another shortened workweek. In case you needed reminding, we’re going to have a four-day week as the nation takes this Thursday off in observance of Labor Day. THE BIG STORY TODAY The automotive industry still hasn’t recovered: Automotive sales continued their decline in March as the FX shortage […]

Now Playing
Now Playing
00:00
00:00