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25 January uprising, the musical: The events of 2011 are getting a musical retelling in “We Live in Cairo,” a musical that is running until 23 June at the American Repertory Theater, the Harvard Gazette reports. The project, depicting the events of Egypt’s recent past, was initiated in 2013 and has been led by the […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.99 | Sell 17.09 EGP / USD at CIB: Buy 16.99 | Sell 17.09 EGP / USD at NBE: Buy 16.99 | Sell 17.09 EGX30 (Thursday): 13,659 (-1.1%) Turnover: EGP 399 mn (50% below the 90-day average) EGX 30 year-to-date: +4.80% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. May: An IMF delegation will be in town to conduct its final review of the reform program ahead of the disbursement of the sixth and final tranche of Egypt’s USD 12 bn IMF loan. 23 May (Thursday): Central Bank of […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 May 2019
Well folks, we have a new contender for the slowest news day of the month. You know it is slow when the biggest news is the last gasp of earnings season, with companies filing a decidedly mixed set of results yesterday. The EGX30 was down 1.5% yesterday in light trading, but global markets took a […]
Posted inWhat We're Tracking Today
WANT TO HAVE IFTAR WITH US? Take our very short survey, in which we ask you which sector you would most like to see us explore in a dedicated weekly vertical. You can choose from the seven sectors we have included or name a sector yourself. We would also like to know what it is […]
Posted inEnterprise+: Last Night’s Talk Shows
Check back after Ramadan for our daily wrapup of last night’s talk shows. The talking heads are on hiatus for the duration.
Posted inSpeed Round
Egypt’s unemployment rate falls to 8.1% in 1Q2019
GOOD NEWS- Unemployment falls for the second quarter in a row: Egypt’s unemployment rate fell to 8.1% in 1Q2019, down from 8.9% in 4Q2018and 10.6% in 1Q2018, the Central Agency for Public Mobilization and Statistics (CAPMAS) said yesterday. This is the second consecutive quarter the country’s unemployment rate has fallen, after it ticked up marginally […]
Posted inSpeed Round
Cabinet denies reports suggesting Egypt’s home electricity prices will rise 30-60%
Gov’t (sort of) denies reports suggesting home electricity prices will rise 30-60%: The Madbouly Cabinet denied yesterday domestic press reports that emerged earlier this week quoting Electricity Ministry officials as suggesting that residential electricity prices could increase by 30-60% after the next round of subsidy cuts. The government will enforce the next phase of subsidy […]
Posted inSpeed Round
Egypt’s cabinet IDSC denies 18% tax on social media advertising
Gov’t denies 18% social media ad tax is already in place, but says it is working on a 15-20% levy: The Cabinet Information and Decision Support Center has issued a statement denying a report earlier this week in Al Malthat the Finance Ministry has begun requiring that advertisers charge an 18% tax on social media […]