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One fifth of marriages in Egypt end within three years: Out of Egypt’s annual 980k marriages, 198k fail to make it past the third year. The figures, cited by Cabinet spokesperson Nader Saad, mean that Egypt has a 20% early divorce rate, according to Egypt Today. Early divorces are particularly concentrated among couples aged 25-35, […]
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 (Thursday): 13,202 (-0.4%) Turnover: EGP 902 mn (28% above the 90-day average) EGX 30 year-to-date: -12.1% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
03-06 November (Saturday-Tuesday): World Youth Forum 2018, Maritim Jolie Ville Golf Course, Sharm El Sheikh, Egypt. 05 November (Monday): Egypt’s Emirates NBD PMI for October released. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 1 November 2018
We’re closing the week with more good news as Egypt ranked among the most-improved countries in the World Bank’s Ease of Doing Business report. It’s the third reminder this week that smart government policy can make a difference, following news of the massive environmental benefits of the white taxi program and the near-elimination this fall […]
Posted inWhat We're Tracking Today
Miscellany on 1 November 2018
In miscellany this morning: US voters go the polls in midterm elections next week. We’re following the latest through the New York Times and Axios. Inflation is now a thing in the United States. Not Egypt-in-2016/17-style inflation, but enough that the WSJ is declaring That Big Mac and Coke now comes with a side order […]
Posted inEnterprise+: Last Night’s Talk Shows
Interview with IMF Egypt Mission Chief Subir Lall
** #5 An interview with IMF Egypt Mission Chief Subir Lall was the highlight of the night on the airwaves. Egypt’s debt levels will remain safe as long as it holds the line on economic reform by remaining focused on phasing out subsidies and achieving a budget surplus, Lall told Yahdoth fi Masr’s Sherif Amer […]
Posted inGUEST COLUMN
Top miners say forthcoming changes to mineral resources act are “extremely encouraging,” could unlock tidal wave of investment
** #2 GUEST COLUMN: Upcoming amendments to Mineral Resources Act are “extremely encouraging,” could unlock tidal wave of investment, say top mining companies in Egypt: Changes to the Mineral Resources Act now in the legislative pipeline to the will bring “immense benefits” to the mining industry, say senior execs and directors at three top players […]
Posted inSpeed Round
Egypt jumps 8 spots in World Bank’s 2019 Ease of Doing Business report
** #1 More good news: Egypt is among the most-improved countries in the World Bank’s latest Ease of Doing Business report: Egypt jumped eight spots to rank 120th out of 190 countries in the World Bank Group’s 2019 Ease of Doing Business report (pdf). The country made it to the report’s list of top performers […]
Posted inSpeed Round
Orascom Investment wants at least 25% of Sarwa Capital
** #3 M&A WATCH- Sawiris’ Orascom Investment wants at least 25% of Sarwa Capital: Orascom Investment Holding (OIH)is looking to acquire a non-controlling stake of c. 216 mn shares in consumer and structured finance player Sarwa Capital at EGP 7.36 a share, the company said in a bourse statement (pdf). The company has filed for […]