**#6 Daytime ban on heavy trucks on Ring Road starts today: Heavy trucks will only be allowed on the Ring Road around the nation’s capital between midnight and 6:00 am under a ban that came into effect overnight, according to a state news agency report picked up by Ahram Online. Heavy trucks carrying more than […]
Author Archives: enterpriseam admin
92% of scripted TV features no MENA series regular
92% of scripted TV shows have no series regulars from our part of the world. And if they do? There’s a 78% chance the actor is playing a “terrorist, agent, soldier or tyrant,” according to activist group MENA Arts Advocacy Collection. Check out founder Azita Ghanizada’s twitter (one of her co-founders is the son of […]
Lamees Watch, Amr’s new job, hospital deaths, Elsewedy out.
**#8 LAMEES WATCH- We return to our regular daily talk show reports with the Lamees Watch segment, where it’s now three weeks since she was due to return to the host’s chair at Hona Al Asema. We cannot ascertain where she is or why she’s missing, but there are rumored sightings of her working undercover […]
FinMin mulls tapping Asian liquidity with issuance of JPY-, CNY-denominated bonds
**#1 FinMin mulls tapping Asian liquidity with issuance of JPY-, CNY-denominated bonds: The Finance Ministry appears to have revived plans to hold a foreign currency-denominated bond issuance, according to remarks by Finance Minister Mohamed Maait in an interview with state-owned daily Al Ahram. The Finance Ministry had earlier suggested it may back away from FX-denominated […]
Emerging consensus: Interest rates will be left on hold on 27 September
Analysts see central bank leaving rates on hold when it meets a week from Thursday: Where once the orthodoxy was that the central bank would cut rates heading into the fourth quarter, now the pundits see rates left on hold — and you can thank the Emerging Markets Zombie Apocalypse, as we’ve been arguing for […]
Gamal, Alaa Mubarak are detained (again)
**#2 Gamal, Alaa Mubarak are detained (again) along with Hassan Heikal, Yasser El Mallawany: A Cairo Criminal Court ordered the arrest of Gamal and Alaa Mubarak and seven others in the latest long-drawn out saga of what the local press likes to call the “stock market manipulation” case. The sons of ousted President Hosni Mubarak […]
Gov’t signs over USD 1 bn in exploration agreements with Shell, Petronas, others
**#3 Gov’t signs >USD 1 bn in exploration agreements with Shell, Petronas, others: The Oil Ministry signed a deep-water oil and gas exploration agreement with Royal Dutch Shell and Malaysia’s Petronas worth around USD 1 bn, according to an Oil Ministry statement on Saturday (pdf). The agreement would see the two companies drill eight wells […]
An update on fall IPOs of Sarwa, Hassan Allam, Rameda
**#4 IPO WATCH- Update on the fall season. The public subscription notice for Sarwa Capital’s sale of up to 40% of the company’s shares on the EGX should be out soon, sources close to the transaction said on Thursday. Youm7, meanwhile, suggests that Sarwa should wrap bourse paperwork necessary for its offering within a week. […]
Gov’t expects EGP 2.8 bn in proceeds from sale of 20% stake in AMOC; HSBC confirmed as manager
**#5 IPO WATCH- Gov’t expects EGP 2.8 bn in proceeds from sale of 20% stake in AMOC; HSBC confirmed as manager: The government is hoping to raise EGP 2.8 bn from the sale of a 20% stake of the Alexandria Mineral Oils Company (AMOC) on the EGX, according to a Finance Ministry statement on Friday […]