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It’s not just J-Lo and Rania Youssef — Egyptian lawyers want to regulate what male celebrities wear, too: Lawyers are petitioning the Musicians’ Syndicate to ban singer Mohamed Ramadan from performing at concerts due to his “provocative” outfits, according to Egyptian Streets. Ramadan’s clothing choices and dance routines at a recent concert in Sahel “were […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Designer Azza Fahmy on Forbes’ top 10 list of Middle Eastern brands
Forbes recognizes Azza Fahmy: Prominent jewellery designer Azza Fahmy has once again made us proud, coming in fifth in Forbes’ top 10 list of “Women Behind Middle Eastern Brands.” Fahmy last year opened a store in London as part of global expansion efforts.
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.49 | Sell 16.61 EGP / USD at CIB: Buy 16.50 | Sell 16.60 EGP / USD at NBE: Buy 16.50 | Sell 16.60 EGX30 (Wednesday): 14,596 (+2.2%) Turnover: EGP 996 mn (65% above the 90-day average) EGX 30 year-to-date: +12.0% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk. August: The National Railway Authority is expected to sign a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia’s Transmashholding under a EGP 22 bn contract. 28-30 August (Wednesday-Friday): Tokyo International Conference on African Development (Ticad), Yokohama, […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 August 2019
Will we get an extra day’s holiday this weekend? Maybe. The cabinet said yesterday that whether the government takes the day off on Sunday will depend on where the Islamic New Year falls. Sunday? We enjoy a nice three-day weekend. Saturday? No dice. President Abdel Fattah El Sisi is in Yokohama, Japan today to take […]
Posted inEnterprise+: Last Night’s Talk Shows
Gold is up, but so is economic performance
Business news dominated the airwaves last night: Gold prices have soared to unprecedented levels in recent weeks: 21 carat gold prices have reached EGP 705 per gram and are expected to go up to EGP 800 per gram by the end of next month, Amir Rizk, member of the Gold Division at the Chamber of […]
Posted inSpeed Round
Egypt revisits possibility of issuing EGP-denominated bonds on the back of currency appreciation
EXCLUSIVE- EGP-denominated int’l bond issuance could be back on the table: The Finance Ministry is revisiting previously shelved plans to take an EGP-denominated bond issuance to the international market, two government sources tell Enterprise. According to our sources, the ministry has yet to determine the exact size and timing of the potential issuance, but will […]
Posted inSpeed Round
Deloitte: Egypt tops Africa in number and value of construction projects in 2018
Egypt topped Africa in the number and value of construction projects within a single country in 2018,according to Deloitte’s Africa Construction Trends Report (pdf), which looks at industry trends at the levels of continent, region and country. The report says Egypt saw a total of 46 projects, comprising 9.5% of the total number of projects […]
Posted inSpeed Round
Damietta liquefaction plant to reopen in 3Q2019?
Deja vu: Damietta LNG plant to reopen in 3Q2019? The Damietta liquefaction plant will reopen by the end of 3Q2019 after being offline for the past six years, an unnamed oil industry source tells Youm7. The facility, which produces around 5 mn tonnes of liquefied natural gas per year when operational, has been closed amid […]