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The publisher of EgyptAir’s in-flight magazine has agreed to stop printing copies of an issue that included an article on actress Drew Barrymore that sparked controversy for its content in recent weeks, the AP reports. The national flag carrier is also pulling existing issue of the magazine, Horus, from its planes.
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | 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): 13,689 (+1.2%) Turnover: EGP 898 mn (27% above the 90-day average) EGX 30 year-to-date: -8.9% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
Second week of October: NI Capital expected to select winning bid in its tender for the management of Alexandria Containers & Cargo Handling’s stake sale. Mid-October: IMF delegation due in town for its fourth review of Egypt’s economic reform program. 23 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo. 23-24 October (Tuesday-Wednesday): Intelligent Cities […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 October 2018
*** We’re back this morning with a taste of the type of content you’ll be seeing in Enterprise One, our forthcoming professional-grade business intelligence service offering actionable insights into the trends, transactions and news that should be shaping your business and investment decisions. We’re including this morning two exclusive interviews: one with SODIC CEO Magued […]
Posted inWhat We're Tracking Today
A quick spotlight on ESG and responsible investing
** #7 A growing number of asset managers are taking environmental, social and governance issues into account when pulling the trigger on an investment, but they’re more likely to do so with public markets investments than with private equity transactions, according to research by Cambridge Associates. That’s one of the more interesting takeaways from the […]
Posted inEnterprise+: Last Night’s Talk Shows
A dry night on the airwaves
It was a ‘dry’ night on the airwaves, with no particular topic leading the conversation. Egypt will be receiving a GBP 12 mn loan from the UK to support education, British Middle East Minister Alistair Burt told Hona Al Asema’s Lama Gebril in a pre-recorded interview (watch, runtime: 37:22). The amount, which will be funneled […]
Posted inSpeed Round
Sarwa Capital shares closed down more than 11% in their EGX debut, raising questions about the outlook for the fall equity raisin season
** #2 Sarwa Capital shares closed down more than 11% in their EGX debut, raising questions about the outlook for the fall equity raisin season: Consumer and structured finance player Sarwa Capital saw its shares dip 11.14% on its first day of trading on the EGX amid concerns over a stock market slump, according to […]
Posted inSpeed Round
Online retailers now have to charge and remit VAT
** #4 EXCLUSIVE- Online retailers now have to charge and remit VAT: The Finance Ministry has notified e-commerce platforms, including Souq, Jumia, and OLX, that they will be required to begin charging value-added tax (VAT) on all transactions in goods that would be subject to VAT if sold offline, government sources told Enterprise yesterday. Some […]
Posted inSpeed Round
Wheat hedge talks still “in the early stages”?
** #5 Wheat hedge talks still “in the early stages”? Egypt’s talks with international banks about a potential hedge against volatility in global wheat prices are not that advanced and remain “in the early stages,” an unnamed government source said yesterday, Reuters reports. The source downplayed the progress the government has made so far on […]