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An appeal made by former anti-corruption chief Hisham Genena against a five-year prison sentence was rejected on Sunday by an Egyptian military court, Reuters reports. Genena, an opposition figure who had supported the brief 2018 presidential bid of former military chief of staff Sami Anan against President Abdel Fattah El Sisi, was arrested in February […]
Author Archives: enterpriseam admin
Posted inSports
Egypt’s Farag and El Sherbini crowned 2018-19 squash world champions
Egypt’s Ali Farag and Nour El Sherbini were crowned squash world champions at the PSA World Championships yesterday after defeating compatriots Tarek Momen and Nour El Tayeb in the final, PSA World Tour reports. The winners take home over USD 70k each.
Posted inON YOUR WAY OUT
Campaign against HIV-related stigma and discrimination in Egypt
Ahead of Zero Discrimination Day young adults banded together in Egypt to address HIV-related stigma and discrimination, reports UNAIDS. The campaign hopes to educate participants on how HIV affects young individuals in Egypt, and touts itself as being about “social justice, equality, the empowerment of women and promoting healthy gender norms,” said Ahmed Khamis, UNAIDS’ […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.47 | Sell 17.57 EGP / USD at CIB: Buy 17.47 | Sell 17.57 EGP / USD at NBE: Buy 17.46 | Sell 17.56 EGX30 (Sunday): 14,820 (+0.1%) Turnover: EGP 703 mn (23% below the 90-day average) EGX 30 year-to-date: +13.7% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
03-06 March (Sunday-Wednesday): EFG Hermes One-on-One Conference, Dubai. 05 March (Tuesday): The EBRD will release its Transition Report 2018-19, “Work in Transition,” with a workshop led by Managing Director for the southern and eastern Mediterranean region Janet Heckman, Salon Vert Meeting Room, Cairo Marriott Zamalek. 8 March (Friday): SHE CAN women’s entrepreneurship event, Greek Campus, […]
Posted inWhat We're Tracking Today
What we’re tracking on 3 March 2019
It is shaping up to be a busy few days here at home and in the region as we grapple with the fact that we are already on the third month of 2019. Among the highlights we’re keeping an eye on: EFG Hermes One on One kicks off: The EFG Hermes One on One conference […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 03 March 2019
Our daily talk shows roundup is on hiatus today. We will resume tomorrow with our regular coverage of the lowlights on the nation’s airwaves.
Posted inSpeed Round
In surprise move, gov’t kickstarts IPO program with a successful Eastern Tobacco secondary offering
State privatization program finally underway with an oversubscribed Eastern Tobacco offering: The private placement portion of Eastern Tobacco’s secondary offering of a 4.5% stake (equivalent to 101,250,000 shares) was 1.8x oversubscribed, with shares offered at EGP 17 apiece, the Public Enterprises Ministry said in a statement (pdf). The share price is at a 3% premium […]
Posted inSpeed Round
Egypt’s M2 money supply growth slows to 11.95% y-o-y in Jan
Egypt’s M2 money supply growth slowed by 11.95% y-o-y in January, CBE data showed. The figure stood at EGP 3.64 tn at the end of the month, up from EGP 3.25 tn a year earlier. The slowdown trend experienced in the second half of last year is making its way into 2019. Growth slowed to […]