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A collection of 90 Ancient Egyptian artefacts are going on auction in the UK today, where they are expected to fetch as much as GBP 60k, according to the Sunday Express. The artefacts are Shabti figures — figurines that were “placed in tombs and intended to act as servants or minions for the deceased should […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 15,378 (+1.2%) Turnover: EGP 403 mn (56% above the 90-day average) EGX 30 year-to-date: +2.4% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
05 August (Sunday): Egypt’s PMI reading for July released. 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 Conference 2018, Cairo. 10-13 September (Monday-Thursday): EFG Hermes’ 8th Annual […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 July 2018
First, it is the Space Force. Next, a NATO-style Arab alliance: US President Donald Trump could be holding a summit with Arab leaders in Washington on 12-13 October to discuss the establishment of a NATO-style Arab military force, sources told the Washington Post. The force that could be “tentatively known as the Middle East Strategic […]
Posted inWhat We're Tracking Today
Goldman Sachs is calling it — it’s the end of the EM Zombie Apocalypse
Goldman Sachs is calling it — is it really the end of the EM Zombie Apocalypse? The plunge that emerging market assets witnessed this year could have bottomed out in June, with the rally witnessed in July looking likely to be a sustained rebound, according to an analysis by Goldman Sachs picked up by Bloomberg. […]
Posted inWhat We're Tracking Today
A word from the bears:
A word from the bears: Emerging market bears are not going to sit back and not rain on this optimistic parade. Analysts speaking to the FT are not buying it, saying that the speculation underpinning EMs currently boils down to one fundamental risk: Buyers of EM debt are lending for longer periods of time just […]
Posted inEnterprise+: Last Night’s Talk Shows
National Youth Conference coverage saturates the airwaves
The airwaves were saturated last night with coverage of and discussions on the National Youth Conference at Cairo University. Egypt has long been in dire need of an overhaul of its educational system, which in its current form is making the country lag behind the rest of the world, Education Minister Tarek Shawki said in […]
Posted inSpeed Round
FinMin announces FY2017-18 budget results
FY2017-18 budget deficit narrows to lowest point in six years: Egypt’s budget deficit for FY2017-18 narrowed to EGP 433.9 bn, or 9.8% of total GDP, dropping below the 10% marker for the first time in six years, Finance Minister Mohamed Maait announced at a press conference on Thursday on the final figures from Egypt’s FY2017-18 […]
Posted inSpeed Round
Parliament just won’t let the idea of a wealth tax die
LEGISLATION WATCH- Parliament just won’t let the idea of a wealth tax die: It is looking increasingly likely that the House of Representatives will push legislation that will see some form wealth tax imposed. A new amended to the Income Tax Act is currently being drafted that would see those making over EGP 1 mn […]