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Posted inEGYPT IN THE NEWS
All eyes on the action in our FX market
The international press is focusing on the return of foreign inflows to our FX market following the latest devaluation of the EGP (get the full story in What We’re Tracking Today, above.) Bloomberg is also out with a recap on the recent movements in the EGP / USD rate as policymakers transition to a fully […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inAlso on our Radar
State grain buyer GASC is getting into corn with first int’l tender
COMMODITIES- State grain buyer GASC is set to launch its first-ever corn tender on 19 January to purchase supplies from international suppliers, according to a Supply Ministry statement. The tender will be financed by the International Islamic Trade Finance Corporation and the corn will be used for feed, the statement reads. How the grain will […]
Posted inPLANET FINANCE
Global households aren’t hopeful on the economy — though the jobs market is set to hold up in 2023
Most people globally feel pessimistic about their financial future: Only 40% of people surveyed in an annual global survey think their household finances will be better off in five years’ time — down a full 10 percentage points on last year’s reading, Reuters reports. Alongside pessimism on the economy fuelled by high inflation and the […]
Posted inCALENDAR
JANUARY January: Fuel pricing committee meets to decide quarterly fuel prices. January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power. January: Global Auto to restart BMW assembly in Egypt. 16-20 January (Monday-Friday): Davos 2023. 26 January-6 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center. 25 January (Wednesday): 25 January revolution […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: HCCD is in talks with Gulf investors + Turkey has averted its Ever Given
Good afternoon, beautiful people: The news flow at home is continuing at a crawl though there’s plenty happening abroad, with the 2023 World Economic Forum opening this evening and Turkey averting its own version of the Ever Given crisis. THE BIG STORY TODAY- Is HCCD planning to sell some of its land to Gulf investors? […]
Posted inFOR YOUR COMMUTE
The World Economic Forum annual meetings start today
Get ready for the return of the World Economic Forum at Davos for the first January in three years. Guests are heading to the small Swiss town in their private jets for the annual jaw-fest that will feature conversations themed around ‘Cooperation in a Fragmented World’. The lineup: Speakers include the EU’s Ursula von de […]