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Egypt and the International Finance Corporation (IFC) launched the official website for The Next 100 African Startups competition that will take place from 8-9 December, according to an Investment Ministry statement. The competition will see the ministry and IFC select 100 promising startups from across the continent “and connect them with business leaders, international investors, […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Mortada Mansour receives nationwide media ban
Mortada Mansour receives his third ban in less than a week: The Supreme Media Council decided yesterday to ban Zamalek Football Club chairman Mortada Mansour from making appearances on any and all media platforms, according to a decree picked up by Al Mal. The decision comes one day after Mansour was banned by the Egyptian […]
Posted inON YOUR WAY OUT
World famous musician Aznavour passed away aged 94
Armenian-French singer Charles Aznavour passed away on Monday at the age of 94. Nicknamed France’s Frank Sinatra, the late Aznavour “sold 180 mn records and recorded more than 1,200 songs over his eight-decade career,”according to Ahram Online. His signature song La Boheme was a favorite for mns over the years (watch, runtime: 4:04).
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): 14,382 (-0.5%) Turnover: EGP 744 mn (On par with the 90-day average) EGX 30 year-to-date: -4.2% THE MARKET ON TUESDAY: The EGX30 […]
Posted inCALENDAR
October: The Madbouly cabinet has until the end of the month to come up with a plan for “the development and restructuring” of public companies under a directive from President Abdel Fattah El Sisi. 03 October (Wednesday): Egypt’s Emirates NBD PMI for September released. 03-10 October (Wednesday-Wednesday): Subscription period for Sarwa Capital’s IPO. 06 October […]
Posted inWhat We're Tracking Today
What we’re tracking on 2 October 2018
They’re baaaack… The House of Representatives is back in session today at 10am CLT after summer recess, and MPs are facing a packed legislative agenda. Here’s everything you need to know, in one easy-to-read email. *** Wait, this isn’t my normal Enterprise? Not quite. What are you reading? This is a taste of what’s to […]
Posted inEnterprise+: Last Night’s Talk Shows
House’s return cascades the airwaves
The House of Representatives convening for its fourth annual legislative session since it was constituted was the highlight of an otherwise very unexciting evening. A number of MPs took to the airwaves to discuss their busy fall legislative agenda, which entails amendments to laws including the Criminal Procedures Act, Local Administration Act, and Personal Status […]
Posted inSpeed Round
Fund managers “have turned negative” on Egyptian equities amid EM Zombie Apocalypse
Fund managers “have turned negative” on Egyptian equities amid the Emerging Markets Zombie Apocalypse, a monthly poll of leading fund managers shows, according to Reuters. Of the 13 managers polled, 15% said they expect to curb their exposure to Mideast equities within the next three months, while around 8% said they plan on raising them. […]
Posted inSpeed Round
CIRA share price pops 17.6% in EGX debut
IPO WATCH- CIRA shares pop nearly 18% in EGX debut: Leading private-sector education provider Cairo Investment and Real Estate Development (CIRA) saw its share price rise 17.6% on it first day of trading yesterday, reaching closing north of EGP 7 per share by the end of trading, according to EGX data. The IPO of the […]