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Let’s just say it outright: 2022 was not a great year for the EGX. Last year, we were cheering the fact that Egypt saw four IPOs — but we’re ending 2022 on a less positive note, albeit not as bad as the zero we ended 2020 with. The two IPOs that hit the EGX in […]
Author Archives: enterpriseam admin
Posted inYEAR IN REVIEW: INVESTMENTS
Say thank you to the GCC + green hydrogen for a stellar year for investments
2022 was a positive year for investments — especially as green hydrogen stole the show and we attracted lots of GCC interest: In a year of global economic turmoil and uncertainty here at home — with imported inflation and a currency under pressure — Egypt is ending 2022 having attracted a whole lot of investment […]
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows: Banks to secure FX to clear import backlog within 4 days, says El Sisi
It was another econ-heavy night on the airwaves, this time centered on President Abdel Fattah El Sisi’s speech during a factory inauguration ceremony in Abu Rawash and his promise to help clear our backlogged ports soon. Banks to secure FX for letters of credit to help clear import backlogs? El Sisi suggested that banks will […]
Posted inEGYPT IN THE NEWS
Soaring food prices at home are continuing to get attention overseas
Food price inflation is getting more digital ink in the foreign press: The WashingtonPost is out with a story about how koshary — a typically low-cost meal — is becoming increasingly expensive amid surging inflation, while the National is taking note of remarks from President Abdel Fattah El Sisi that the state has done everything […]
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 inPLANET FINANCE
2022 hasn’t been a bad year for everyone in the market
The one beneficiary of rising interest rates? Hedge funds: Hedge funds focused on bonds and currencies are en route to record their best year since the 2007-08 financial crisis on the back of central banks everywhere resorting to rate hikes in efforts to curb inflation, the Financial Times reports. The global economy is diving head […]
Posted inCALENDAR
DECEMBER 31 December (Saturday): E-invoicing registration deadline. December: Egypt to expand Sudan electricity link capacity to 300 MW. JANUARY 2023 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 […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: El Sisi signals banks will secure FX for L/Cs before the year is out + Welcome to the Christmas slowdown
Happy Monday, ladies and gents. We’re in that final stretch before we wave goodbye to the new year — and we’re cautiously going to say the end-of-year news slowdown may finally be making an appearance. THE BIG STORY TODAY Banks to secure FX for letters of credit to help clear import backlogs? President Abdel Fattah […]