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⚽ It’s a relatively quiet day for football after quite the eventful weekend, just a few games scattered across several leagues: Arsenal face off against Oxford in the FA Cup at 10pm. La Liga: Athletic Bilbao play Osasuna at 10pm. Serie A: Verona plays Cremonese at 7:30pm then Bologna faces Atalanta at 9:45pm. Gulf 25: […]
Author Archives: enterpriseam admin
Posted inENTERPRISE RECOMMENDS
It’s a film screening kind of night around town
? OUT AND ABOUT- (all times CLT) Catch a screeningof El Bab El Akhdar, written by the late Egyptian screenwriter and journalist Osama Anwar Okasha followed by a discussion of the film, at 7pm at Psycho Space in El Nozha. Get reintroduced to Egyptian director Khairy Bishara’s 80s-90s neo-realist films at Zawya tonight at 7pm.
Posted inENTERPRISE RECOMMENDS
Big Brother gets involved in mothers’ parenting
? UNDER THE LAMPLIGHT- Mom shaming at the hands of the state unfolds in Jessamine Chan’s debut novel, The School for Good Mothers. The novel illustrates a not-so-farfetched world in which the state had a Big Brother-ish institution that measures mothers’ devotion to their children. The story follows Frida Liu, a 39-year-old Chinese-American writer and […]
Posted inGO WITH THE FLOW
What the markets are doing on 9 January, 2023
The EGX30 rose 0.6% at today’s close on turnover of EGP 2.77 bn (73.3% above the 90-day average). Regional investors were net sellers. The index is up 10.3% YTD. In the green: Qalaa Holdings (+6.3%), Credit Agricole Egypt (+3.7%) and CIB (+2.2%). In the red: Juhayna (-3.2%), GB Auto (-3.0%) and CIRA Education (-2.2%).
Posted inMacro picture
What will impact emerging markets in 2023?
Last year was a tough one for emerging markets. What will 2023 bring? Emerging markets had a rough ride last year. Aggressive monetary tightening led by the US Federal Reserve combined with inflation and commodities shocks to bring currency woes, losses in stocks and bonds, and even debt defaults for some EMs. With economists still […]
Posted inCALENDAR
JANUARY January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time. 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. 24 January-6 February: Cairo […]
Posted inWhat We're Tracking Today
THIS MORNING: We’re back with a big week for the Egyptian economy
Good morning, wonderful people, and welcome back to work. We hope you (and the kids trudging back to school) had a fantastic long weekend — and that everyone celebrating had a beautiful Christmas with family and friends. Where did we leave things off last week before the Vacation Neuralizer reset our brains? The EGP had […]
Posted inUncategorized
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Posted inEconomy
Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility
The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days — and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency. Savers poured nearly EGP 100 bn into newly introduced record-high yield 25%certificates of deposit as […]