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It’s a quiet morning for Egypt in the foreign press, with only a few things to note: Terror groups are systematically kidnapping Coptic Christian women as a means of targeting Copts, Al Bawaba says. Egyptian security forces killed nine terrorists in a raid on a terrorist hideout yesterday located between Assiut and Sohag, according to […]
Author Archives: enterpriseam admin
Posted inWorth watching
Singapore now has one of the world’s top housing programs
Singapore, which once faced a severe housing shortage, now has one of world’s most effective housing programs. When Singapore declared independence from the UK in 1959, the new government set up a new housing board with a five-year mandate to resettle the poor into public housing. Even though a disastrous fire broke out shortly thereafter, […]
Posted inON YOUR WAY OUT
Egyptian Blue dye can save and generate energy, study finds
The oldest artificial pigment known to man, which was invented by ancient Egyptians, can be applied to save and generate energy, according to a study conducted by Berkeley Labs The study shows that since the dye, dubbed “Egyptian Blue,” can emit as much as 100% of the light it absorbs, it can potentially be painted […]
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 (Monday): 13,521 (-0.1%) Turnover: EGP 708 mn (On par with the 90-day average) EGX 30 year-to-date: -10.0% THE MARKET ON MONDAY: The EGX30 […]
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 15 October 2018
** #5 Our friends at Sarwa Capital will ring the bell at the EGX this morning as their shares make their bourse debut, opening at EGP 7.36 each under the ticker SRWA. A stabilization fund is at work for the first month of trading. Beltone was sole global coordinator and bookrunner for the transaction, while […]
Posted inWhat We're Tracking Today
EM bulls are starting to outnumber the bears –Bloomberg survey
** #7 Is the Emerging Markets Zombie Apocalypse losing steam? EM bulls are starting to outnumber the bears, according to a Bloomberg survey of 26 investors, traders and strategists. Good news: More half of respondents said that the sell-off in EM stocks, FX and bonds has bottomed out. Less good: EMEA opportunities are at the […]
Posted inEnterprise+: Last Night’s Talk Shows
No more fuel price hikes this year; tomato seed imports halted; educational reform in the spotlight
It was another night of miscellany on the airwaves, with the conversation shuffling between the denial of rumors about an upcoming fuel price hike, bad tomato seeds, and educational reform. ** #3 The Madbouly Cabinet is not planning to raise fuel prices again this calendar year, spokesperson Nader Saad told Hona Al Asema Reham Ibrahim. […]
Posted inSpeed Round
SODIC bidding to acquire at least 51% of MNHD in all-share transaction
** #1 M&A WATCH- SODIC bidding to acquire at least 51% of MNHD in all-share transaction: Upmarket real estate developer SODIC announced yesterday (pdf) it intends to make a mandatory tender offer to acquire at least 51% of Madinet Nasr Housing and Development (MNHD) through a direct share swap. SODIC has preliminarily set the swap […]