enterpriseam admin, Author at EnterpriseAM Egypt

by enterpriseam adminEgypt Edition8 March 2023

What the markets are doing on 8 March, 2023

by enterpriseam adminEgypt Edition8 March 2023

The EGX30 fell 0.7% at today’s close on turnover of EGP 1.6 bn (21.9% below the 90-day average). Local investors were net buyers. The index is up 11.8% YTD. In the green: Telecom Egypt (+4.8%), CIB (+1.9%) and Madinet Nasr for Housing and Development (+0.9%). In the red: Eastern Company (-10.9%), CIRA Education (-5.4%) and […]

THE ENTERPRISE ENTERTAINMENT CALENDAR

by enterpriseam adminEgypt Edition8 March 2023

MARCH 23 February-11 March (Monday-Saturday): Diarna Exhibition, Cairo Festival City Mall, New Cairo. 8-18 March (Wednesday-Saturday): Cirque du Soleil’s OVO, Cairo international Stadium Hall. 15 March (Wednesday): Season 3 of Ted Lasso will be out on Apple TV. 23 March (Wednesday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT. APRIL 16 April […]

What We're Tracking Today

THIS MORNING: The CBE hasn’t moved forward its March policy meeting + Armenia’s foreign minister is in town

by enterpriseam adminEgypt Edition7 March 2023

Good morning, ladies and gents. First things first… Yesterday’s EnterpriseAM was not a drill: We mistakenly sent out yesterday’s edition of EnterpriseAM from our “test” address. The issue was accurate, final and complete. Please accept our apologies for any confusion caused. FACT CHECK- The CBE hasn’t moved forward its March policy meeting. Economist Mostafa Badra […]

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by enterpriseam adminEgypt Edition7 March 2023

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Privatization

SFE to sell stakes in 2-3 state-owned firms in April, says CEO

by enterpriseam adminEgypt Edition7 March 2023

Gov’t will also announce “within days” who’s buying the state hotels company.

Privatization

The gov’t is reportedly mulling a 10% stake sale in TE

by enterpriseam adminEgypt Edition7 March 2023

CI Capital and Al Ahly Pharos are managing the sale.

ENTERPRISE ON THE ROAD

SFE head Ayman Soliman talks privatization at EFG Hermes’ One-on-One conference

by enterpriseam adminEgypt Edition7 March 2023

EFG Hermes Group CEO Karim Awad kicked off the group’s One-on-One Conference in Dubai this morning, welcoming 179 companies as well as 561 global institutional investors and fund managers to explore key investment opportunities across frontier and emerging markets. The conference (pdf), headlined “Outplaying Challenges,” runs until 9 March. Sovereign Fund of Egypt (SFE) CEO […]