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Osama Bishai has been around the block. He joined Orascom Construction (OC), where he serves today as CEO, in 1985 and became managing director of the group’s construction line of business in 1998. He has led growth over the years in the company’s cement, infrastructure and industrial businesses and led the development of OC’s investments […]
Author Archives: enterpriseam admin
Posted inTHE ENTERPRISE CEO POLL
Dr. Hend El Sherbini — CEO, IDH
Dr. Hend El Sherbini has been the CEO of Integrated Diagnostics Holdings (IDH) since 2012, when the company was formed following the merger of Al Mokhtabar and Al Borg Laboratories. Today, IDH is a leading consumer healthcare company in Africa and the industry leader in Egypt. El Sherbini, who had led Al Mokhtabar since 2004, […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.60 | Sell 17.70 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Thursday): 14,127 (+0.2%) Turnover: EGP 1.9 bn (128% above the 90-day average) EGX 30 year-to-date: +8.4% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
03 February (Sunday): Cairo court to hear lawsuit against Peugeot Citroen. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 31 January 2019
Our popular My Morning Routine section is back today after going on hiatus over the Christmas-New Year vacation period. This morning: The person whose business has seen a number of us (happily) eating less meat. Not that any of us have gone vegan, but… Foreign Minister Sameh Shoukry is in Jordan for a ministerial consultative […]
Posted inEnterprise+: Last Night’s Talk Shows
All things random was the theme of last night’s talk shows
With no single topic to unify the conversation on the airwaves, the talking heads busied themselves with a range of issues. A hike in foreign holdings of Egyptian treasuries was highlighted by Al Hayah Al Youm’s Lobna Assal, who noted that foreign holdings in Egyptian debt rose to USD 12 bn in January after losing […]
Posted inSpeed Round
EGP to remain stable through 2019, says Goldman Sachs
Don’t expect the EGP to continue to strengthen this year — in fact, it could slip a little. The EGP was more or less stable against the USD on Wednesday, closing at 17.57 from 17.58 at close the previous day as the currency held its ground after gaining around 2% against the greenback earlier in […]
Posted inSpeed Round
Could interest in EGP debt have something to do with the new tax treatment on debt-derived profits?
EXCLUSIVE- Are yields on EGP debt being driven down by banks buying before a new tax treatment goes into effect? A senior government source we spoke with suggests that a significant portion of the demand for EGP debt is being driven by an upcoming change in the tax code. The measure will force banks and […]
Posted inSpeed Round
Eurobond issuance to take place within the next two months
Eurobond issuance to take place within the next two months: The Finance Ministry is planning to take its international issuances to the market in February or March, Minister Mohamed Maait was quoted as saying by Reuters. The ministry is planning to sell between USD 3-7 bn in USD- and EUR- denominated bonds, Maait noted. The […]