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An Egyptian man is taking his wife to court for having their daughters undergo FGM without his knowledge, in what is being touted as the first such case in the country,according to Gulf News. The wife could serve up to three years in prison if she is found guilty. FGM has been banned in Egypt […]
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 (Sunday): 13,525 (-0.9%) Turnover: EGP 399 mn (43% below the 90-day average) EGX 30 year-to-date: -10.0% THE MARKET ON SUNDAY: The EGX30 ended Sunday’s […]
Posted inCALENDAR
23 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo. 23-24 October (Tuesday-Wednesday): Intelligent Cities Exhibition & Conference 2018, Fairmont Towers Heliopolis, Cairo. 24-25 October (Wednesday-Thursday): 9th Arab-German Energy Forum, Cairo, Egypt. 25 October (Thursday): President Abdel Fattah El Sisi to visit Khartoum. 25-27 October (Thursday-Saturday): 57th ACI World Congress & 43rd ICA Annual Conference […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 October 2018
It looks set to be another busy news week as the House of Representatives convenes today for its first general assembly of the new legislative season — and as corporate Egypt slides into earnings season. What’s more, an IMF delegation is in town to kick off the Fund’s fourth review of Egypt’s progress on a […]
Posted inEnterprise+: Last Night’s Talk Shows
Another humdrum night on the airwaves
It was another humdrum night on the airwaves, with no particular topic dominating the conversation. Ration card holders have until 7 November to update their data or risk being purged from welfare rolls, Supply Minister Ali El Moselhy said during an appearance on El Hekaya with Amr Adib (watch, runtime: 2:46). He also reassured viewers […]
Posted inSpeed Round
State privatization program postponed amid emerging market headwinds; gov’t remains “completely committed” to program, but could tweak lineup of participating companies
** #1 IPO WATCH- State privatization program postponed to next year, lineup of companies on offer could change: The Madbouly government has pushed the start of the state privatization program to 2019 as Egypt’s capital market is roiled by the turbulence that has swept global emerging markets in recent months. A senior government official emphasized […]
Posted inSpeed Round
Government to issue eurobonds in USD, RMB, and JPY in 1Q2019
** #3 EXCLUSIVE- The government will be issuing eurobonds in USD, RMB, and JPY in 1Q2019 in a bid to diversify its sources of funding and attract new investors to Egypt’s debt market, a senior government official told us yesterday. The RMB and JPY issuances won’t take the form of ‘panda’ or ‘samurai’ bonds — […]
Posted inSpeed Round
SDX, BP fail to reach agreement on Egypt assets
** #4 M&A WATCH- BP talks to sell Egypt assets to SDX fail. SDX Energy has “terminated” talks to acquire BP’s Egypt assets after failing to reach an agreement, the company said in a statement on Thursday (pdf). SDX gave no color on why the talks broke down. SDX Energy announced last month that it […]
Posted inSpeed Round
CIRA to invest EGP 1 bn in expanding Badr University
** #5 INVESTMENT WATCH- CIRA to invest EGP 1 bn in expanding Badr University: Private-sector education provider Cairo Investment and Real Estate Development (CIRA) is planning to invest EGP 1 bn on developing a new campus for Badr University, CEO Mohamed El Kalla said, according to Al Mal. The first phase of the project is […]