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Olympic weightlifter Sara Samir snagged two silver medalsand one bronze medal in the women’s 71 kg category at the World Championships in Turkmenistan, according to Al Mal. Samir’s wins come one day after fellow Egyptian weightlifter Mohamed Ihab won another three medals — gold, silver and bronze — in the men’s 81 kg category.
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Tuesday): 13,436 (+1.5%) Turnover: EGP 1.2 bn (69% above the 90-day average) EGX 30 year-to-date: -10.5% THE MARKET ON TUESDAY: The EGX30 index […]
Posted inCALENDAR
05-07 November (Monday-Wednesday): World Travel Market London exhibition, London, England, UK. 06-07 November (Tuesday-Wednesday): 2018 IIF MENA Financial Summit, Al Maryah Island, Abu Dhabi, United Arab Emirates. 13-29 November (Tuesday-Thursday): UN Biodiversity Conference, Sharm El Sheikh, Egypt. 14 November (Wednesday): Egypt M&A and Private Equity Forum, Nile Ritz Carlton Hotel, Cairo, Egypt. 15 November (Thursday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 6 November 2018
No raise for you? President Abdel Fattah El Sisi hinted yesterday that there may be no raises for civil servants this fiscal year. Pointing to the EGP 130 bn his administration will need to build as many as 250k new classrooms, El Sisi said yesterday: “That’s a big challenge. Tell me what to do. How […]
Posted inWhat We're Tracking Today
Miscellany on 6 November 2018: Office of the future, 2018 iPad Pro, money managers vs index funds and Stranger Things Day
In miscellany this morning: Your next office is the edge of a sofa — with an airline-style laptop tray if you’re among The Elect. The office of the future has no desks and no chairs, but lots of sofas, Fast Company tells us. Office furniture is preoccupying us as we prepare to move into roomier […]
Posted inEnterprise+: Last Night’s Talk Shows
World Youth Forum continues to dominate last night’s talk shows
As expected, the airwaves were still chock-full of coverage of the World Youth Forum last night. President Abdel Fattah El Sisi’s speech at yesterday’s session was again the main point of interest for Hona Al Asema (watch, runtime: 56:31). El Sisi’s decision to look into amending the controversial NGOs Act received praise from National Human […]
Posted inSpeed Round
PMI shows Egypt non-oil business activity is basically flat in October
Purchasing managers’ index basically unchanged in October: Private sector business conditions were largely unchanged in October, according to the Markit / Emirates NBD PMI gauge (pdf), which dipped to 48.6 from 48.7 in September. While the drop is effectively immaterial, it was the second consecutive dip in confidence after the confidence measure briefly broke the […]
Posted inSpeed Round
Egypt’s Beltone cancels upcoming EGP 1 bn capital increase
Beltone puts capital increase on ice amid fallout from suspension of investment banking arm: Beltone Financial Holding has said it will put on hold its planning EGP 1 bn capital increase, the firm said in a disclosure to the EGX (pdf) on Monday. Beltone’s decision to scrap the capital increase comes days after the Financial […]
Posted inSpeed Round
HC launches PE firm in Egypt
HC launches private equity arm: HC Securities & Investment launched on Monday a private equity arm that will invest in mid-cap companies across a range of industries, the company said in a press release (pdf). HC will invest its own funds and will raise outside capital from limited partners on a transaction-by-transaction basis, it said. […]