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Egypt will host the upcoming U-23 African Cup of Nations football championship scheduled for 8-22 November 2019, according to the Confederation of African Football (CAF).
Author Archives: enterpriseam admin
Posted inSports
CAF sanctions Mortada, fines him USD 40k
The Confederation of African Football (CAF) has banned Zamalek football club chairman Mortada Mansour from football-related activities for one year and fined him USD 40,000 after he made derogatory comments about CAF officials, the organization announced (pdf).
Posted inON YOUR WAY OUT
New Balmain collection inspired by Ancient Egypt
New Balmain collection inspired by Ancient Egypt: French luxury fashion house Balmain featured pyramids, hieroglyphics, and even Nefertiti’s face in its Spring 2019 collection, Business of Fashion reports.
Posted inON YOUR WAY OUT
Egyptian-Swedish tech startups
Two Egyptian-Swedish tech startups launched this year, Sweden’s ambassador to Cairo Jan Thesleff said yesterday. One company specializes in online retail and another in video games.
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): 14,632 (+0.1%) Turnover: EGP 1.9 bn (151% ABOVE the 90-day average) EGX 30 year-to-date: -2.6% THE MARKET ON Thursday: The EGX30 index […]
Posted inCALENDAR
26-30 September (Wednesday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 27 September 2018
It’s interest day here in Cairo. Expect the central bank’s monetary policy committee to leave interest rates on hold when it unveils its decision late today. The CBE had previously signaled it would bring rates down this fall and winter, but outflows of hot money amid the EM Zombie Apocalypse have pundits speculating the CBE […]
Posted inEnterprise+: Last Night’s Talk Shows
Goings-on in New York remain the topic du jour
The UN General Assembly remained the topic du jour on last night’s talk shows, with most talking heads focusing on President Abdel Fattah El Sisi’s various meetings in New York City yesterday. El Sisi met with several leaders yesterday, including Swiss President Alain Berset, South Korean President Moon Jae-in, Portuguese President Marcelo Rebelo de Sousa, […]
Posted inSpeed Round
It’s interest rate day as the CBE faces a challenging macroeconomic climate
**#1 It’s interest rate day. The central bank’s Monetary Policy Committee will have to juggle fallout from the Emerging Markets Zombie Apocalypse, the imperative to lower interest rates to turbocharge corporate growth (and real job creation), higher yields on government bonds, a potentially weaker EGP, and inflation. Economists surveyed by both Reuters and Bloomberg unanimously […]