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EGP / USD CBE market average: Buy 17.39 | Sell 17.49 EGP / USD at CIB: Buy 17.38 | Sell 17.48 EGP / USD at NBE: Buy 17.38 | Sell 17.48 EGX30 (Sunday): 14,981 (+0.5%) Turnover: EGP 608 mn (34% below the 90-day average) EGX 30 year-to-date: +14.9% THE MARKET ON SUNDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
10-12 March: A delegation of 50 Japanese business companies is expected to visit Egypt. 11-13 March (Monday-Wednesday): International Conference on Material Science & Engineering Recent Advances and Challenges, Sofitel El Gezirah, Cairo, Egypt. 14-16 March (Thursday-Saturday): Metal & Steel, Egypt International Exhibition Center, Nasr City, Cairo. 14-16 March (Thursday-Saturday): WINDOOREX, Egypt International Exhibition Center, Nasr […]
Posted inWhat We're Tracking Today
What we’re tracking on 10 March 2019
Two thoughts are rattling through our brains this morning as we slide back into our usual routine after a week in the UAE at the EFG Hermes One on One conference. It was the best-attended edition of the One on One yet, and sentiment is strong. Those two thoughts (because we’re rarely capable of maintaining […]
Posted inEnterprise+: Last Night’s Talk Shows
Senior civil servants removed from gov’t subsidy program
Another Nasserist legacy bites the dust as Supply Ministry kicks Cabinet members off welfare rolls: The Supply Ministry has removed all members of cabinet (including the prime minister and all deputy ministers) from the nation’s subsidy rolls, adviser to the supply minister Amr Madkour said on Sada El Balad. According to Madkour, the ministry will […]
Posted inSpeed Round
Egypt begins implementing debt reduction strategy
The Finance Ministry has begun implementing its comprehensive debt reduction strategy, which aims to reduce debt to 80% of GDP by 2022, according to a ministry statement. During a meeting with a delegation from the European Bank for Reconstruction and Development (EBRD), headed by first vice president Jurgen Rigterink, ministry officials reiterated the government’s plans […]
Posted inSpeed Round
Sanlam plans expansion into Egypt, Morocco
INVESTMENT WATCH- South African insurer Sanlam intends to enter the Egyptian and Moroccan markets,Reuters reports. The firm is looking to take an equity stake in an Egyptian player. The company’s expansion plans appear to be at least partly fueled by weak growth at home and challenging conditions in several of its expansion markets. Worth remembering: […]
Posted inSpeed Round
VCs see Egypt, Saudi Arabia as the next big things on the Middle East start-up scene
VCs see Egypt, Saudi Arabia as the next big hubs in the Middle East’s startup scene: Venture capitalists believe Egypt and Saudi Arabia have a promising future in the region’s start-up scene and are advising investors to keep a close eye on them, the National reports. Speaking at the London Business School Middle East Conference, […]
Posted inSpeed Round
Egypt’s new exports program aims to more than double exports to USD 55 bn
Egypt’s still-in-the-works non-cash incentives program for exporters aims to more than double exports to USD 55 bn, according to a Cabinet statement. The program will come as part of a larger strategy to increase exports of manufactured goods and encourage foreign and domestic investments in key sectors. The strategy also aims to improve the competitiveness […]
Posted inSpeed Round
Egypt’s Al Mashat meets tourism ministers, travel agencies at ITB Berlin
Al Mashat meets tourism ministers, travel agencies at Berlin tourism expo: Tourism Minister Rania Al Mashat met with her Greek and Cypriot counterparts on the sidelines of the ITB Berlin tourism expo to discuss increasing cooperation between the three countries, according to Cyprus News Agency. Al Mashat also met with German Travel Association President Norbert […]