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IMF sounding downbeat as it prepares to release global economic forecasts next week: The IMF is becoming less optimistic about global economic growth prospects “as factors identified as merely risks earlier in the year have begun to materialize,” fund boss Christine Lagarde said at a news conference yesterday, the Wall Street Journal reports. Turmoil in […]
Author Archives: enterpriseam admin
Posted inSpeed Round
IMF hires Harvard’s Gita Gopinath as first female chief economist
MOVES- IMF joins World Bank and OECD in having women as chief economists: Speaking of the IMF: The fund has tapped Harvard Professor Gita Gopinath to become its next chief economist, the first woman to hold the role. “The move [could] challenge the fund to reshape its thinking around exchange rates,” given she is (slightly) […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inEnterprise One: Legislation Watch
The Fourth Legislative Session of the House of Representatives
Welcome to Enterprise One: Legislation Watch, which calls on a tracker we maintain behind the scenes to keep tabs on dozens of pieces of regulation and legislation, from bills on the drawing board to long-awaited executive regulations. The goal: To give you a seven-minute overview of what you can expect out of the House this […]
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): 14,447 (-1.2%) Turnover: EGP 946 mn (26% above the 90-day average) EGX 30 year-to-date: -3.8% THE MARKET ON MONDAY: The EGX30 index […]
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. 01 October (Monday): First day of trading on shares in CIRA’s IPO. 02 October (Tuesday): House of Representatives due back in […]
Posted inWhat We're Tracking Today
What we’re tracking on 1 October 2018
It’s the first day of October, in respect of which we note that (a) it is also the first day of 4Q (heaven help us all) and (b) that the telephone has no constitutional right to be answered, as The Colonel taught us when we were young. It is perhaps more relevant today than it […]
Posted inEnterprise+: Last Night’s Talk Shows
Egypt is doing better than other EMs, government is launching an anti-Hep C campaign, public school classes are too crowded
Last night was one of bland miscellany on the airwaves, with the talking heads taking on topics ranging from emerging market troubles, to the government’s new Hep C campaign, and overcrowding of public school classrooms. The lone bright spot: Egypt is faring better than most of its emerging market peers, EFG Hermes Head of Research […]
Posted inSpeed Round
Egypt angling for inclusion in JP Morgan emerging markets bond index?
Egypt angling for inclusion in JPM EM bond index? Egypt reportedly wants to be included in JP Morgan’s emerging markets government bonds index, three sources familiar with the matter tell Bloomberg. In preparation for its pitch, the government is taking steps to make Egypt’s debt eligible for including, including starting talks with Belgium’s Euroclear to […]