Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
EGP / USD CBE market average: Buy 17.82 | Sell 17.92 EGP / USD at CIB: Buy 17.83 | Sell 17.93 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 15,737 (-0.4%) Turnover: EGP 466.8 mn (48% below the 90-day average) EGX 30 year-to-date: +4.8% THE MARKET ON SUNDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
05-09 August (Sunday-Thursday): CBE hosts 41st annual meeting of the Association of African central banks, Sharm El Sheikh, Egypt. 16 August (Thursday): CBE’s Monetary Policy Committee meeting. 21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday. 28-29 August (Tuesday-Wednesday): CI Capital’s 5th Annual Egypt Equities Conference, Cape Town, South Africa. 04-05 September (Tuesday-Wednesday): Euromoney Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 5 August 2018
The World Bank and International Monetary Fund’s African Caucus meetings for 2018 start today in Sharm El Sheikh, according to an Investment Ministry statement. The meetings, which run through tomorrow, are hosted by the central bank and the ministries of investment and finance and will be chaired by ministers Sahar Nasr and Mohamed Maait. A […]
Posted inEnterprise+: Last Night’s Talk Shows
Lackluster evening on the airwaves puts civil servants’ working days in the limelight
On a lackluster evening on the airwaves, the aforementioned proposal to reduce the number of working days for some civil servants seemed to garner the most attention (of course it would). The Central Agency for Organisation and Administration (CAOA) will complete assessment of the proposal in around five weeks, CAOA head Saleh El Sheikh tells […]
Posted inSpeed Round
Natgas market regulator sets fees for private sector’s use of the state grid at USD 0.38 MMBtu
Natgas market regulator sets fees for private sector’s use of the state grid at USD 0.38 / MMBtu: The Natural Gas Regulatory Authority set on Thursday the fee that private sector players will have to pay to use the state’s national grid to transport gas at USD 0.38 / MMBtu, according to its official website. […]
Posted inSpeed Round
FinMin will study fate of FX bond issuance in two months
EXCLUSIVE- FinMin won’t consider FX bond issuance until fall: The Finance Ministry will not begin considering a foreign currency-denominated bond issuance for another two months, Finance Minister Mohamed Maait told Enterprise. The ministry will begin deliberations then on whether to hold a bond issuance or hold off on the decision and seek other alternative financing, […]
Posted inSpeed Round
NI Capital to manage another stake sale of the privatization program
NI Capital to manage another stake sale of the privatization program: The Holding Company For Maritime & Land Transport has tapped state-owned NI Capital to manage the sale of 30% of subsidiary Alexandria Container and Cargo Handling (ACCH) as part of the state’s privatization program, according to a company statement. ACCH is expected to sell […]
Posted inSpeed Round
Giza Spinning and Weaving to float up to 40% of shares in November IPO
IPO WATCH- Giza Spinning and Weaving to float up to 40% of shares in November IPO: Privately-owned Giza Spinning & Weaving Company is planning to float as much as 40% of its shares on the EGX in an initial public offering in November, Co-CEO Fadel Marzouk told Bloomberg in an interview. The company is set […]
Posted inSpeed Round
Cairo Development and Investment minority shareholders have until 8 August to sell their stakes at EGP 4.20/share
Cairo Development and Investment minority shareholders have until 8 August to sell their stakes at EGP 4.20/share: Minority shareholders in Cairo Development and Investment will be able to sell their stakes at EGP 4.20 / share until 8 August, before the company completes its voluntary delisting from the EGX, the bourse said in a statement […]