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Lawmaker to introduce a 25% quota for women participation in Al Azhar’s ruling assembly: House Rep. Mohamed Fouad is planning to suggest a progressive amendment to the Al Azhar Act that would introduce a minimum 25% quota of representation for women in the institution’s ruling assembly of senior scholars, Fouad tells Al Shorouk. The assembly […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.44 | Sell 17.54 EGP / USD at CIB: Buy 17.43 | Sell 17.53 EGP / USD at NBE: Buy 17.44 | Sell 17.54 EGX30 (Tuesday): 14,278 (-0.6%) Turnover: EGP 739 mn (19% below the 90-day average) EGX 30 year-to-date: +13.0% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
03-06 March (Sunday-Wednesday): EFG Hermes One-on-One Conference, Dubai, United Arab Emirates. 8 March (Friday): SHE CAN women’s entrepreneurship event, Greek Campus, Cairo, Egypt. 10 March (Sunday): CIB will hold an EGM meeting to look into planned capital increase. 10-12 March: A delegation of 50 Japanese business companies is expected to visit Egypt. 11-13 March (Monday-Wednesday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 05 March 2019
It’s PMI Day: The Markit / Emirates NBD purchasing managers’ index for February is due out at 6:15am CLT. You can download the summary report here when it arrives. The indicator, which measures non-oil business activity in Egypt, hit its lowest level in over a year in the January survey. EBRD to present report today […]
Posted inEnterprise+: Last Night’s Talk Shows
Mixed bag of nuts on the airwaves last night
It was another mixed bag of nuts on the airwaves last night. President Abdel Fattah El Sisi met with officials yesterday to discuss efforts to attract investment in the Damietta Furniture City’s manufacturing complex, which the country hopes will become an exporting hub, Masaa DMC’s Eman El Hosary highlighted (watch, runtime: 03:05) and (watch, runtime: […]
Posted inSpeed Round
Enppi IPO expected in 1H2019, oil minister says
Enppi IPO to go to market by Ramadan? The initial public offering of petroleum industry contractor Enppi might take place in 1H2019, or as early as before Ramadan begins in May, Oil Minister Tarek El Molla tells Al Shorouk. Public Enterprises Minister Hisham Tawfik told us earlier this week that IPOs of companies that aren’t […]
Posted inSpeed Round
Eastern Tobacco’s public offering 42.3% covered on second day of subscription
IPO WATCH- Eastern Tobacco’s public offering 42.3% covered on second day of subscription: The public offering portion of Eastern Tobacco’s share sale was 42.3% covered by the end of the second day of subscription, according to local media reports. The public offering ends today. The private placement, which constituted 95% of the share sale, was […]
Posted inSpeed Round
Speed Medical obtains regulatory approval to debut its shares on Egypt’s exchange
IPO WATCH- Speed Medical has obtained regulatory approval to debut its shares on the EGX, Chairman Mahmoud Lasheen said, according to Al Mal. The IPO, for which Lasheen provided no specific timeline, would come as the company is looking to expand its hospital on Ismailia Desert Road and widen its ownership base. Speed Medical owns […]
Posted inSpeed Round
Egypt’s FX reserves reach USD 44.060 bn at end-February
Egypt’s net foreign reserves stood at USD 44.060 bn at the end of February, up from USD 42.616 bn the previous month, the CBE announced.