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CI Capital’s annual Egypt equities conference in Cape Town wraps up today. Some 22 Egyptian issuers are attending. Foreign Minister Sameh Shoukry is set to meet with his Sudanese counterpart Al Dridiri Al Dhaheri in Cairo today. The two were originally scheduled to sit down yesterday, but the meeting was postponed as Shoukry was in […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
Goodbye, Summer of Sleaze
Goodbye, Summer of Sleaze: The Wall Street Journal is being polite about it, asking Why Are Male Celebrities Dressing Like Such Slobs? But Esquire said it first, bluntest and best: This has been the Summer of Sleaze in men’s fashion, and we’re very happy it is drawing to a close.
Posted inEnterprise+: Last Night’s Talk Shows
On the nation’s airwaves, another night of vague murmurings bereft of meaningful content
So many words spoken, so little meaning delivered: It was another night of vague murmurings bereft of meaning on the nation’s airwaves. The worst of it is that the topics could have been interesting: Ethiopia. Sudan. Oil and gas. So poor was last night’s performance by the show jockeys that we’re desperately looking forward to […]
Posted inSpeed Round
Moody’s upgrades outlook on Egypt to positive, reaffirms long-term issuer rating at B3
Moody’s upgrades outlook on Egypt to positive as it reaffirms long-term issuer rating at B3: Moody’s Investor Service reaffirmed Egypt’s long-term issuer rating at B3 and upgraded its outlook to ‘positive’ from ‘stable,’ saying the decision reflects improvements in the economic and business environment as a result of the ongoing economic reform program, the ratings […]
Posted inSpeed Round
Higher FX reserves, decelerating inflation to maintain EGP’s stability through 2018
Higher FX reserves, decelerating inflation to see EGP stable through the end of the year? The EGP is unlikely to see any major fluctuations through the remainder of 2018 and potentially into 1H2019, Beltone Financial’s Director of Macro and Strategy Alia Mamdouh tells Bloomberg TV. Why? Look no further than record-high FX reserves and the […]
Posted inSpeed Round
NI Capital invites 7 local investment banks to bid on managing Eastern Co., AMOC share sales
NI Capital invites 7 local investment banks to bid on managing Eastern Co., AMOC share sales: State-owned NI Capital has invited seven local investment banks to bid to quarterback upcoming stake sales by cigarette-maker Eastern Company and the Alexandria Mineral Oils Company, unidentified sources tell Al Mal. Who got the call? Pharos Holding, EFG Hermes, […]
Posted inSpeed Round
CIRA to kick off international IPO roadshow next week
IPO WATCH- CIRA to kick off international IPO roadshow next week: Cairo Investment and Real Estate Development (CIRA) is planning to kick off next week its international roadshow for its upcoming IPO, sources close to the matter said yesterday. The leading private-sector education outfit is specifically eyeing markets in the Gulf, Europe, and South Africa, […]
Posted inSpeed Round
Cabinet SecGen to remain in place for another year
MOVES- Cabinet SecGen to remain in place for another year: President Abdel Fattah El Sisi issued a presidential decree (pdf) extended Cabinet Secretary General Atef Abdel Fattah’s term for an additional year.
Posted inSpeed Round
CORRECTION: It’s not Hassan Allam (the high-profile privately-owned construction and engineering giant) but Al Nasr Co. that expects to complete work worth EGP 1 bn in East Port Said by year’s end, as we reported. Many media outlets conflate the two companies thanks the the legacy of the Nasser-era nationalization program. Our apologies to the […]