President Abdel Fattah El Sisi’s meeting yesterday with Germany’s Economy and Energy Minister Peter Altmaier is leading the conversation in Egypt’s state-owned newspapers this morning (Al Ahram | Al Akhbar | Al Gomhuria). Al Ahram is the only one of three to take note of the proposed constitutional amendments currently making their way through parliament.
Author Archives: enterpriseam admin
Amr Allam — Co-CEO, Hassan Allam Holding
Amr Allam carries on the long tradition of his family business, which traces its roots to 1936. The construction and engineering group is a storied Egyptian contractor with a regional footprint and has a proven track record delivering large, complex projects. It is among the largest privately held groups in the MENA region, with well […]
Mohamed El Kalla — CEO, CIRA
Mohamed El Kalla is on a mission not just to transform education, but to integrate sustainable practices in business. His company’s emphasis is on the middle class, not the financial elite, and that focus has driven the company’s strategy of becoming an anchor provider of educational services in new cities being developed by the government. […]
The Market Yesterday
EGP / USD CBE market average: Buy 17.61 | Sell 17.72 EGP / USD at CIB: Buy 17.62 | Sell 17.72 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Sunday): 14,244 (+0.8%) Turnover: EGP 1.1 bn (32% above the 90-day average) EGX 30 year-to-date: +9.3% THE MARKET ON SUNDAY: The EGX30 ended […]
05 February (Tuesday): Egypt’s Emirates NBD PMI for January released. 07 February (Thursday): Egypt Building Materials Summit, Nile Ritz Carlton, Cairo, Egypt 11-13 February (Monday-Wednesday): Egypt Petroleum Show, Egyptian International Exhibition Center, Cairo. 14 February (Thursday): Central Bank of Egypt’s monetary policy committee meets to review interest rate. 19 February (Tuesday) The Cairo Economic Court […]
What we’re tracking on 3 February 2019
** Our 2019 Enterprise CEO Poll kicks off this morning. We’ll have 12 top executives speaking over the course of this week in industries ranging from financial services to health, education, construction, energy and law. We are running the interviews all week long in the place of our industry news section, which will return next […]
Proposed constitutional amendments dominate last night’s talk shows
The potential for a new constitutional debate dominated the airwaves last night. We have the full story on the proposed amendments in Speed Round, below, including links to snippets from the talkshows. The government will until its draft FY2019-20 state budget in the House by the end of March, Finance Minister Mohamed Maait said on […]
MPs to call for constitutional amendments to give El Sisi two more years in office, bring back the Shura Council
A group of MPs is expected to introduce legislation today that could see President Abdel Fattah El Sisi serve another two years in office. The lengthening of presidential terms to six years from four is part of a package of amendments to the constitution that could be unveiled on the floor of the House as […]
Egyptian Exchange launches EGX30 Capped, rebalanced EGX30 goes live today
The stock exchange will launch a new index today: The EGX30 Capped puts a 15% limit the weight accorded any one security, according to an EGX statement (pdf). Capped indices are calculated in much the same way as regular ones, but prevent high freefloat capitalization stocks from causing disproportionate swings in the index. The measure […]