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The ancient tradition of clay pottery is alive and well in Old Cairo, says the National. Clay pottery is but one of many ancient traditions that carry on in this iconic part of the capital “that pre-dates most of the city that surrounds it.” Many pottery workshops in the area still use clay sourced from […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.50 | Sell 16.62 EGP / USD at CIB: Buy 16.50 | Sell 16.60 EGP / USD at NBE: Buy 16.50 | Sell 16.60 EGX30 (Monday): 15,110 (+1.2%) Turnover: EGP 1.1 bn (80% above the 90-day average) EGX 30 year-to-date: +15.9% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
September: Cairo will host an Egypt-Hungary business forum, according to a Trade Ministry statement (pdf) 2-4 September (Monday-Wednesday): The Big 5 Construct Egypt, Egypt International Exhibition Center, Nasr City, Cairo. 3-4 September (Tuesday-Wednesday): Shared Services and Outsourcing Forum Middle East, Nile Ritz Carlton, Cairo. 8 September (Sunday): The Supreme Administrative Court has postponed appeals filed […]
Posted inWhat We're Tracking Today
What we’re tracking on 2 September 2019
The Big 5 Construct begins today. The three-day construction conference opens today at the Egypt International Exhibition Center, and features over 240 exhibitors showcasing the latest in construction technology and innovation. The Shared Services and Outsourcing Forum opens tomorrow: Global leaders in the shared services industry will discuss emerging technologies and business strategies during this […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi’s Kuwait meetings, new urban cities, healthcare lead the conversation on Egypt’s talk shows
The last day of President Abdel Fattah El Sisi’s visit to Kuwait led the conversation on the airwaves last night. Hona Al Asema’s Reham Ibrahim took note of El Sisi’s meeting with Kuwaiti Emir Sabah Al-Ahmad Al-Jaber Al-Sabah and Kuwaiti National Assembly Speaker Marzouq Al-Ghanim (watch, runtime: 2:25). We have a full recap in this […]
Posted inSpeed Round
Egypt’s economy to grow 4.5% this fiscal year before accelerating to 6.0% in FY2021-2022
Egypt’s economy will grow at a 4.5% clip this fiscal year before accelerating to 6.0% in FY2021-2022, the Economist Intelligence Unit (EIU) said in a report last week (pdf). The forecast for the current fiscal year is much more modest than the government’s targetof 6.0% outlined in the state budget. According to the EIU, measures […]
Posted inSpeed Round
EMRA to end bidding system for gold exploration licenses
Egyptian Mineral Resources General Authority to end bidding system for gold exploration licenses: The Egyptian Mineral Resources General Authority (EMRA) is reportedly planning to abolish the bidding system for gold exploration licenses next year and instead allow investors to apply for a license covering a specific area for up to six years, a source told […]
Posted inSpeed Round
Egypt scraps monthly customs rate, bringing back daily system
FinMin brings back daily customs rate, scrapping monthly system: The Finance Ministry has decided to scrap the monthly customs exchange rate introduced in 2017 and will revert to setting the rate on a daily basis according to FX rates announced by the central bank, according to a ministry statement. The daily rate system came into […]
Posted inSpeed Round
Egypt’s FinMin to issue EGP 160 bn T-bills and bonds this month
FinMin to issue EGP 160 bn T bills and bonds this month: The Finance Ministry is planning to issue EGP 160.75 bn of treasury bills and bonds this month and debt instruments worth EGP 522 bn throughout the quarter to cover the budget deficit, according to a plan seen by the press. Of this month’s […]