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All quiet in Egypt’s stands as fans return to stadiums: Saturday saw the long awaited return of fans to stadiums, for the Egyptian premier league, and the event was thankfully very peaceful. It is hard to get a clear figure of how many fans attended the the Zamalek-Enppi game (which ended 4-1 in Zamalek’s favor) […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Picture of former president Hosni Mubarak goes viral
A photo of former President Mohamed Hosni Mubarak looking much older than we’re used to seeing him went viral over the weekend. The former president is now 90 years old.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.84 | Sell 17.94 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 15,852 (-1.0%) Turnover: EGP 669 mn (20% below the 90-day average) EGX 30 year-to-date: +5.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
04 September (Tuesday): Egypt’s Emirates NBD PMI for August released. 04-05 September (Tuesday-Wednesday): Euromoney Egypt Conference 2018, Cairo. 10-13 September (Monday-Thursday): EFG Hermes’ 8th Annual London Conference, Emirates Arsenal Stadium, London. 11 September (Tuesday): Islamic New Year (TBC), national holiday. 17-19 September (Monday-Wednesday): INTERCEM Cairo to Cape Town cement industry conference, Dusit-Thani LakeView, Cairo. 18 […]
Posted inWhat We're Tracking Today
What we’re tracking on 02 September 2018
It’s September, ladies and gentlemen, which carries with it the hint of cooler weather and the specter of more crowded streets as the new school year starts. Your colleagues in North America are celebrating with a three-day weekend in observance of Labor Day (US and Canada). Cairo loves Beijing: The local press is hailing “a […]
Posted inEnterprise+: Last Night’s Talk Shows
Lawyers are fighting the tax man
Topping headlines on the airwaves were the agreements signed with China during President Abdel Fattah El Sisi’s trip to Beijing (the details of which we cover extensively in Speed Round, below). Lawyers are not happy about paying higher income tax: An increase in the income tax for lawyers imposed under amendments to the Income Tax […]
Posted inSpeed Round
El Sisi signs five cooperation agreements with Chinese President Xi Jinping
Egypt, China sign cooperation agreements worth bns: President Abdel Fattah El Sisi and Chinese Premier Xi Jinping witnessed the signing yesterday of cooperation agreements ahead of the China-Africa Cooperation Forum in Beijing, according to an Ittihadiya statement. While the presidency confirmed no detail of the pacts, information has filtered into the local press, with MENA […]
Posted inSpeed Round
20 new governors, including first Coptic Christian woman, sworn in
20 new governors sworn in, including first Coptic Christian woman to run a governorate: 20 new governors were sworn in on Thursday in the widest shuffle since 2011, Al Masry Al Youm reported. Governorates headed by new faces include Giza, Luxor, Aswan, Qena, Suez, Marsa Matrouh, Menoufiya, Ismailia, Fayoum, Beheira, and Alexandria, among others, according […]
Posted inSpeed Round
Remittances rise USD 21.1% y-o-y in FY2017-18 to USD 26.5 bn
Remittances from Egyptians living abroad rose 21.1% y-o-y in FY2017-18 to USD 26.5 bn, according to a central bank statement picked up by Reuters. Remittances at the end of FY2016-17 had stood at USD 21.9 bn, according to the newswire. Meanwhile, Egypt’s M2 Money Supply grew 17.84% y-o-y in July to EGP 3.47 tn, the […]