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Two Egyptian companies selected for the 2018 VC4A Venture Showcase - Series A: Two Egyptian startups, research platform Nawah-Scientific and mental health platform Shezlong, will showcase their business to investors at the Africa Early Stage Investor Summit to raise USD 250k-USD 5 mn in series A capital, VC4A announced on Friday. The summit will be […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Egyptians break two Guinness world records
Egyptian diver, bikers, hockey team break three Guinness world records: Egypt’s Reem Ashraf broke the Guinness world record for the longest female open saltwater Scuba dive with a record of 55 hours and 25 minutes, according to her Facebook page. A group of Egyptian bikers also made it in for the longest heart-shaped route after […]
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 (Thursday): 14,105 (-1.5%) Turnover: EGP 710 mn (2% below the 90-day average) EGX 30 year-to-date: -6.1% THE MARKET ON THURSDAY: The EGX30 index […]
Posted inCALENDAR
07-11 October (Sunday-Thursday): Egypt-Romania Business Council to meet in Bucharest. 08-14 October (Monday-Sunday): The IMF and World Bank annual meetings in Bali, Indonesia. 09 October (Tuesday): IMF to release World Economic Outlook report. 09 October ( Tuesday): Monetizing Innovation: How to build a smart fintech business model, The GREEK CAMPUS, Room 109, Cairo. 09-11 October […]
Posted inWhat We're Tracking Today
What we’re tracking on 4 October 2018
It’s anyone’s guess whether your business will be open on Sunday. Government employees are off on Sunday, 7 October in observance of Armed Forces Day, Youm7 reports, citing an announcement by Prime Minister Mostafa Madbouly. Armed Forces Day falls on Saturday, 6 October, so Sunday is a replacement day for government employees. That said, we […]
Posted inWhat We're Tracking Today
More What We’re Tracking Today on 4 October 2018
Next week will be all about the outlook for the global economy in 2019 as the IMF and World Bank hold their annual meetings 8-14 October in Jakarta, Indonesia. Expect the durability of the “ongoing recovery” and prospects for the “next crisis” to be high on the minds of the Grand Wizards of the Global […]
Posted inEnterprise+: Last Night’s Talk Shows
Egypt to hit growth targets, House reps. going to Europe, Public Enterprises seek reform
The airwaves served up another batch of randomly-assorted topics last night, ranging from Egypt’s economic growth targets, to a parliamentary Eurotrip and the rehabilitation of state-owned companies. Egypt is expected to hit the economic growth targets set by the World Bank in its most recent report on digital transformation in the region, economics professor Yomn […]
Posted inSpeed Round
Close CBE management of the EGP may be a necessary thing?
IN THEIR OWN WORDS- Credit Suisse claims the central bank is “quite closely” managing the EGP. Asked during an appearance yesterday on Bloomberg’s morning show whether high oil prices mean the EGP could come under pressure, Credit Suisse’s head of Middle East research Fahd Iqbal said: “It must definitely be coming under pressure. We’re seeing […]
Posted inSpeed Round
Fuel subsidy bill could overshoot to EGP 100 bn in FY2018-19
EXCLUSIVE- Fuel subsidy bill could overshoot to EGP 100 bn in FY2018-19: Higher-than-forecast oil prices will could see Egypt’s fuel subsidy bill FY2018-19 jump to EGP 100 bn, up from USD 89 bn now in the budget, a government source told Enterprise yesterday. Compounding the issue: The potential for strain on the EGP from a […]