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Posted inEnterprise+: Last Night’s Talk Shows
Highlight of Egypt’s airwaves: World Bank’s latest macro report
The World Bank’s release of the Egyptian Economy Observatory report caught the attention of Al Hayah Al Youm’s Lobna Assal (watch, runtime: 14:51). Assal phoned in Ahram Editor-in-Chief Khalifa Adham, who said that for the first time in over ten years, economic growth was heavily driven by the private sector and gross investment. We have […]
Posted inSpeed Round
Prices of services under the new healthcare system to be 20% less than market prices
EXCLUSIVE- Prices of services under the new healthcare system to be 20% less than market prices: Private sector hospitals and clinics that have signed on to provide services under the new healthcare system could be offering their services at a 20% discount from the average market price under the system’s new pricing scheme that has […]
Posted inSpeed Round
Egypt eyes setting crude price in hedging contract at USD 64-68
Egypt eyes pricing crude at USD 64-68 in new hedging contract: Crude oil prices will be set at USD 64-68 per bbl in the government’s fuel hedging contracts with international banks, which are due to be renewed soon for the new fiscal year, an unnamed government source estimated, according to Al Mal. Finance Minister Mohamed […]
Posted inSpeed Round
Egypt proves devaluation isn’t always a panacea for exports- World Bank report
We can add Egypt to the growing list of countries that prove devaluation isn’t always a panacea for export growth: A few days ago we covered new research from the Bank of International Settlements and the Financial Times that helps to explain why, contrary to conventional thinking, devaluation is not always an easy fix for […]
Posted inSpeed Round
Property price rises would “most definitely” hit sales -Shuaa
A warning to real estate developers: Increasing property prices in response to rising fuel costs risks weakening demand and hitting sales, Sara Maher, equity analyst at Shuaa Securities, wrote in a note. The impact of the subsidy cuts is already reducing consumer purchasing power, and passing the added cost burden of developers onto prospective homebuyers […]
Posted inSpeed Round
Egypt’s e-payments platform Fawry’s IPO roadshow to kick off Sunday
IPO WATCH- Fawry roadshow to kick off Sunday: EFG Hermes is kicking off a roadshow for local asset managers this Sunday for the upcoming Fawry IPO, a source close to the matter told the press. A roadshow for UAE and London-based investors is set to begin later in the week. Conference calls with other GCC, […]
Posted inSpeed Round
EBRD looking to boost its private equity portfolio in Egypt
EBRD committed to investing over EUR 1 bn in Egypt this year, looking to boost private equity portfolio: The European Bank for Reconstruction and Development (EBRD) is committed to investing north of EUR 1 bn in Egypt in 2019, including buying into companies in the state privatization program, Managing Director for the Southern and Eastern […]
Posted inSpeed Round
Egypt’s interest rate forecast to hit 14.75% in 12 months
Egypt’s interest rate could fall to 14.75% in one year’s time, Trading Economics (TE) said in a forecast picked up by Ahram Online showed. The rate could stand at 13.75% in 2020, predicts TE, which compiles economic and financial indicators. The Central Bank of Egypt’s Monetary Policy Committee left the overnight deposit rate unchanged at […]
Posted inSpeed Round
Foreign holdings in Egypt treasuries rise to USD 16.6 bn in May
Foreign holdings in Egyptian treasuries stood at USD 16.6 bn at the end of May, up from USD 16 bn at the end of April, according to the CBE’s monthly bulletin (pdf). CBE board member Fakhry El Fekky had told us in June that the figure had risen above USD 17 bn. Egypt has seen […]