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? EAT THIS TONIGHT- Eleden Co & Partners is here to give us slightly healthier winter comfort food options: Available for online orders, Eleden specializes in making vegan, no-gluten free, and zero-sugar desserts that taste as amazing as the original sweets we crave — meaning we can still indulge and satisfy our sweet tooth while […]
Author Archives: enterpriseam admin
Posted inENTERPRISE RECOMMENDS
All-women art exhibition at Mashrabia + Unscripted comedy with Irtigalia
? OUT AND ABOUT- (all times CLT) My Favorite Things 7 opens its doors tonight at Mashrabia Gallery of Contemporary Art at 6pm. The annual all-girls exhibition, which first began in 2016, showcases the work of three women artists, and looks to promote emerging artists. ROOM Art Space & Cafe New Cairo is hosting the […]
Posted inENTERPRISE RECOMMENDS
Graphic novel Shubeik Lubeik touches on contemporary social issues with a wishing marketplace
? UNDER THE LAMPLIGHT- Graphic novel Shubeik Lubeik by Egyptian artist and author Deena Mohamed creates a world with a wishing marketplace: The comic novel addresses issues such as gender bias, mental health, and many other modern-day world struggles. The novel’s plot suggests the idea that wishes can be sold, and the higher the price, […]
Posted inGO WITH THE FLOW
QNB Alahli net income rises 35.7% in FY2022
EARNINGS WATCH- QNB Alahli’s bottom line rose 35.7% to EGP 10.4 bn in FY2022, the bank said in its financialstatements (pdf). Net interest income rose 36.9% y-o-y to 44 bn in FY2022 from EGP 32.13 bn in FY2021. MARKET ROUNDUP- The EGX30 rose 0.1% at today’s close on turnover of EGP 1.75 bn (4.2% above […]
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 January (Monday): Tourism Minister Ahmed Issa to speak at AmCham monthly luncheon. 16-20 January (Monday-Friday): Davos 2023. 24 January-6 February (Tuesday-Monday): Cairo […]
Posted inWhat We're Tracking Today
THIS MORNING: Chinese Foreign Minister Qin Gang is in town
Good morning, wonderful people, and welcome to a brand new week. THE BIG STORY here at home continues to be movements in the EGP: Signs last week that foreign investors are starting to return to the local market have set the stage for an interesting day in the interbank FX market today. We’ll be keeping […]
Posted inUncategorized
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Posted inEconomy
Foreign investors are starting to come back into the market after Wednesday’s devaluation
The Central Bank of Egypt’s move towards a more flexible EGP seems to be paying off, helping draw in much-needed USDs into the market. Hundreds of mns of USD have changed hands in the interbank market since Wednesday morning, when the central bank allowed the EGP to weaken past 32.00 / USD for the first […]
Posted inPrivatization
Five state + military-owned companies added to pre-IPO fund
The Sovereign Fund of Egypt (SFE) has added five state- and military-owned companies to its pre-IPO fund as the government gears up to restart its privatization program, Bloomberg Asharq reported Thursday, citing two sources it says are familiar with the matter. Officials at the SFE did not reply to requests for comment before dispatch time […]