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My Morning Routine looks each week at how a successful member of the business community starts their day — and then throws in a couple of random questions just for fun. Speaking to us this week is Rana Badawy (LinkedIn), chief actuary at AXA Egypt, the local arm of the global insurance company. My name […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.69 | Sell 16.79 EGP / USD at CIB: Buy 16.67 | Sell 16.77 EGP / USD at NBE: Buy 16.71 | Sell 16.81 EGX30 (Wednesday): 14,158 (-0.3%) Turnover: EGP 680 mn (12% below the 90-day average) EGX 30 year-to-date: +8.6% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
1H2019 (date TBD): Investment Minister Sahar Nasr will head a delegation of businessmen into Mexico City to explore cooperation avenues with the Latin American country. June: International Forum for small and medium enterprises (SMEs). June: Egypt will host the first economic forum for Union for the Mediterranean (UfM) countries to promote trade and investment in […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 June 2019
Inflation is driving the conversation on the economy today after news that annual headline inflation rose to 14.1% in Mayfrom 13% in April, dampening hopes for an interest rate cut. With fuel and electricity subsidy cuts expected by the end of the month, most research houses are calling an inflationary spike in 3Q2019 followed by […]
Posted inEnterprise+: Last Night’s Talk Shows
Oil, gas and fake news on the airwaves last night
Oil and gas industry = good. Foreign Policy Magazine = not good. Those were the main messages on the airwaves last night. Al Hayah Al Youm’s Lobna Assal focused on Oil Minister Tarek El Molla’s attendance at the Observatoire Méditerranéen de l'Energie (OME) in Paris, where he revealed that Egypt’s oil and gas production has […]
Posted inSpeed Round
Government plans to issue zero-coupon bonds in July
EXCLUSIVE- Gov’t set to issue next month its first zero-coupon bonds since 2013: The government is planning to issue in July its first local zero-coupon bonds since 2013, two government officials told Enterprise. Multiple zero-coupon bond issuances are planned for the coming fiscal year, the sources told us, adding that the government will likely sell […]
Posted inSpeed Round
Legislative activity is ramping up in the House
LEGISLATION WATCH- It’s the busiest day in the House since, well, last June: It’s that time of the year, ladies and gentlemen, when our esteemed representatives are looking to close up shop before the summer recess. As is typical at this time of the year, the rate of legislative activity spikes, and yesterday we saw […]
Posted inSpeed Round
House approves govt-proposed amendments on prosecution, judicial authorities, pensions and non-housing rent
LEGISLATION WATCH- House approves govt-proposed amendments to administrative prosecution, judicial authorities act: Beyond the economy, the House of Representatives voted yesterday on several pieces of high-profile legislation. Changes to laws on prosecution, judicial authority: First, the general assembly voted to approve government-proposed amendments to the Administrative Prosecution Authority Act and the Judicial Authority Act, the […]
Posted inSpeed Round
Orcas raises USD 500k in Algebra-led pre-Series A funding round
INVESTMENT WATCH- Orcas raises USD 500k in Algebra-led pre-Series A funding round: Egyptian edtech startup Orcas has raised USD 500,000 in a pre-Series A funding round led by our friends at Algebra Ventures, the company announced in a statement (pdf). San Francisco-based VC fund NFX Capital participated in the funding round, the company said, without […]