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16 September (Sunday): Creative Industry Summit 2018, Four Seasons Nile Plaza, Cairo. 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. 18 September (Tuesday): Cairo Economic Court to issue ruling on EGP 5.6 bn antitrust case […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 13 September 2018
Shoukry in Asmara: Egypt’s Foreign Minister Sameh Shoukry is in Asmara, Eritrea, today in a visit to boost bilateral relations, FM spokesman Ahmed Abu Zeid said in a statement yesterday. The visit comes the same week that Ethiopia and Eritrea re-opened their border for the first time in 20 years after the United Arab Emirates […]
Posted inWhat We're Tracking Today
Erdogan appoints himself manager of Turkey’s sovereign wealth fund
Egypt: “We’re hiring a manager for our new wealth fund.” Turkey: “Hold my beer.” (From Bloomberg: “President Recep Tayyip Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction.”)
Posted inWhat We're Tracking Today
More What We’re Tracking on 13 September 2018
Oil is hurtling toward USD 80 as a “once in a lifetime” hurricane barrels toward the eastern seaboard of the United States. But Hurricane Florence is only one of the factors contributing to jitters in oil markets this fall: Look at US sanctions on Iran taking effect in November, a slowdown in shale production in […]
Posted inWhat We're Tracking Today
Apple unveils largest-ever iPhone; no word yet on availability in Egypt
Apple unveiled three new iPhones and a new watch at its fall product event last night. All of its new toys are getting solid reviews so far, but it’s disappointing (at least for those of us with broken ‘R’ keys on our MacBooks) that the world’s most valuable company launched neither the long-rumored new MacBook […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows for 13 September 2018
Our daily roundup of what the talking heads are blathering on about returns on Sunday. In the meantime: Still no Lamees.
Posted inSpeed Round
New tariffs take hold, gov’t says they don’t violate WTO agreements
**#1 New import tariffs have taken effect: Customs authorities at ports and airports across the country began yesterday to implement a decision signed off overnight Tuesday by President Abdel Fattah El Sisi to raise import tariffs everything from clothing to electronics and pet food, according to the Finance Ministry. The story is dominating headlines in […]
Posted inSpeed Round
Higher yields on government bonds could be a plus, says RenCap’s Ahmed Badr
**#2 Higher yields on government bonds could be a plus, says RenCap’s Ahmed Badr: The higher demanded at government bond auctions could be read as a positive, our friend Renaissance Capital MENA CEO Ahmed Badr told Bloomberg TV in an interview on Tuesday. Allaying fears from the Finance Ministry, which cancelled two bond auctions over […]
Posted inSpeed Round
Is China calling in the currency-swap favor?
**#3 Is China calling in the currency-swap favor? The Chinese government is in talks with Egypt to base a number of key transactions between the two countries on the CNY. These include some of the high-profile loans for key projects signed during President Abdel Fattah El Sisi’s trip to Beijing earlier this month, Chinese ambassador […]