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GoT takes the best drama Emmy (NOW HURRY UP WITH SEASON 8): HBO’s Game of Thrones snagged the award for best drama series at the 70th annual Primetime Emmy Awards, beating out Hulu’s Handmaid’s Tale and Netflix’s Stranger Things. FX’s Atlanta season 2 continued its critical acclaim, winning best comedy. The Americans’ Matthew Rhys and […]
Author Archives: enterpriseam admin
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): 14654 (0.00%) Turnover: EGP 706 mn (9% below the 90-day average) EGX 30 year-to-date: -2.4% THE MARKET ON TUESDAY: The EGX30 index […]
Posted inCALENDAR
17-19 September (Monday-Wednesday): INTERCEM Cairo to Cape Town cement industry conference, Dusit-Thani LakeView, Cairo. 18-21 September (Tuesday-Friday): The Big 5 Construct Egypt, Egypt International Exhibition Center, Cairo, Egypt. 20-23 September (Thursday-Sunday): 2018 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo. 22 September (Saturday): New academic year begins for public schools, universities. 23-24 […]
Posted inWhat We're Tracking Today
What we’re tracking on 18 September 2018
**#9 Robots are going to eat Egyptian jobs at Vodafone: Vodafone will be laying off around 1,700 employees from “shared service centers” in Egypt, India and Romania this year to replace them with robots, incoming CEO Nick Read said in an interview with the Financial Times. The move is part of the company’s plans to […]
Posted inEnterprise+: Last Night’s Talk Shows
Public Enterprises Ministry’s plan to turnaround state firms
Dominating coverage on the airwaves last night was Public Enterprises Minister Hisham Tawfik, who made the rounds on all the major talk shows to discuss the ministry’s plan to stem the flow of red ink into its coffers. The problem: The state firms under the ministry have racked up EGP 7.5 bn in total losses. […]
Posted inSpeed Round
A new comprehensive tax code to come into effect soon -FinMin
**#1 LEGISLATION WATCH- New, comprehensive tax code to come into effect soon? The Finance Ministry has finished drafting a new comprehensive tax code, Minister Mohamed Maait announced in a statement yesterday (pdf), and it looks to be on the fast track to to the House of Representatives. The bill was sent to President Abdel Fattah […]
Posted inSpeed Round
Cairo Criminal Court gives Al-Watany Bank insider trading case defendants until 20 October to decide on settlement
**#2 AWB defendants have until 20 October to decide on a settlement? A Cairo Criminal Court has reportedly made an offer that could end a long-running insider trading case dating to 2012 that rattled markets this week after high-profile defendants were unexpectedly remanded to custody. The offer: The court has given nine defendants until 20 […]
Posted inSpeed Round
Egypt cancels third treasury sale this month
**#3 Egypt cancels third treasury sale this month: Egypt called off its third treasury bond sale this month, canceling an offering yesterday for three- and seven-year bonds worth EGP 3.5 bn, Reuters reports, citing central bank data. There was no official comment on why the auction was cancelled, but two previous sales met the same […]
Posted inSpeed Round
Will state-owned companies be exempt from the cap on borrowing?
Will state-owned companies be exempt from a cap on borrowing? Prime Minister Mostafa Madbouly and Finance Minister Mohamed Maait agreed to amend newly-issued borrowing regulations for state-owned companies, allowing them to receive loans without first seeking Finance Ministry approval, Public Enterprises Minister Hisham Tawfik said yesterday, Al Mal reports. Under amended regulations, the Finance Ministry […]