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Our friend Hisham Ezz Al Arab has resigned from his post as an advisor to CBE Governor Hassan Abdalla in the wake of his return to CIB’s board as non-executive director, he told Al Arabiya. Ezz Al Arab said he plans to help CIB implement the bank’s plans in the coming period. Asked about media […]
Author Archives: enterpriseam admin
Posted inLAST NIGHT’S TALK SHOWS
Japan’s stunning win against Germany gets attention on the airwaves
Football continued to dominate proceedings on the airwaves last night — and expect this to continue all the way through to 18 December when the tournament ends. Most of the talking heads focused on Germany’s shock defeat by Japan: Comparisons with Saudi Arabia’s stunning win against Argentina on Tuesday were made, and most of the […]
Posted inEGYPT IN THE NEWS
EGX melt-up receives coverage in Bloomberg
On a slow morning in the foreign press, the EGX’s bull run is getting attention from Bloomberg, which notes that the benchmark EGX30 has soared 47% from its July low, helped by last month’s currency float and announcement of a USD 3 bn IMF bailout.
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
TransMin wants EUR 2 bn French loan to fund Metro Line 6
Among the other stories we’re paying attention to this morning: TRANSPORT- The Transport Ministry is in talks with three unnamed French financial institutions for a concessional EUR 2 bn loan to fund development works for Cairo Metro Line 6, sources familiar with the matter reportedly told Al Mal. They said the financing represents half of […]
Posted inPLANET FINANCE
Emerging-market debt / GDP levels hit record high.
Emerging-market debt as a proportion of GDP reached a record high in 3Q 2022 even as the amount of debt slipped during the quarter, according to a report from the Institute of International Finance (IIF) picked up by Reuters. The debt-to-GDP ratio in emerging economies rose to 254% in the July-September period, matching the all-time […]
Posted inDiplomacy
Egypt expresses concern at Syria, Iraq strikes
Egypt has expressed “great concern” at recent attacks on Kurdish groups by Turkey and Iran. In a statement yesterday, Foreign Ministry spokesperson Ahmed Abu Zeid called on the two countries to halt the attacks which he said were violating the sovereignty of Iraq and Syria. The Turkish military has targeted YPG units in northern Syria […]
Posted inMy Morning Routine
Karim Rogers, executive director of El Alsson British and American School
Karim Rogers, executive director of El Alsson British and American School: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is El Alsson British and American School Executive […]