? OUT AND ABOUT- (all times CLT) Attend Xenia Nikolskaya’s Dust: Egypt’s Forgotten Architecture Book Signing Event tonight at the Bibliothek Egypt at 7pm. The event will include a presentation and a discussion with Nikolskaya, the visual curator who began photographing and documenting her work in 2006. Unwind tonight at the Cairo Jazz Club 610 […]
Author Archives: enterpriseam admin
Would you change history if you could?
? UNDER THE LAMPLIGHT- The day that changed the world: 11/22/63. This Stephen King book speaks of the importance of letting go of the need to change the past. It tells the story of a time traveler who sets out to go back in time and stop Lee Harvey Oswald from assassinating US president John […]
What the markets are doing 13 December, 2022
The EGX30 rose 2.9% at today’s close on turnover of EGP 3.6 bn (152.4% above the 90-day average). Local investors were net buyers. The index is up 26.8% YTD. In the green: Oriental Weavers (+17.0%), Qalaa Holdings (+15.8%) and Madinet Nasr Housing (+10.5%). In the red: Telecom Egypt (-1.4%), CIB (-0.6%).
Meet our founder of the week: Valify Solutions’ Omar Abdelwahed
OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Omar Abdelwahed (LinkedIn), co-founder and CEO at Egypt-based regtech company […]
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. DECEMBER 13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting. 13-15 December (Tuesday-Thursday): US-Africa Leaders Summit. 15 December (Thursday): European Central Bank monetary policy meeting. 16 December (Friday): IMF executive board to discuss Egypt’s EFF request. 19-20 December (Monday-Tuesday): The Arab Administrative Development Organization’sconference on Modern […]
THIS MORNING: What are the chances of a surprise CBE meeting this week? Plus: the former king of crypto is in cuffs
Good morning, ladies and gents: We have a packed issue for you this morning so let’s jump right in. HAPPENING TODAY- President Abdel Fattah El Sisi is in Washington for the three-day US-Africa Leaders’Summit, which starts today. The event will be the first meeting of African heads of state and a US president in Washington […]
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Saudi sovereign wealth fund could finalize United Bank acquisition this year
PIF could acquire United Bank this month for USD 600 mn: Saudi Arabia’s sovereign wealth fund could acquire the state-owned United Bank for around USD 600 mn as soon as this month, Bloomberg reports, citing sources with knowledge of the matter. The Public Investment Fund (PIF) is in “advanced talks” over the acquisition and plans […]
valU issues EGP 854.5 mn in securitized bonds
valU closes third securitized bond issuance: EFG Hermes’ consumer finance arm valU has issued EGP 854.5 mn worth of securitized bonds, according to a statement from our friends at EFG Hermes. The single 12-month tranche is the third in valU’s EGP 2 bn maiden securitization program and holds a Prime-1 rating from Middle East Rating […]