Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
The Egyptian Football Association (EFA) has shortlisted four coaches to replace Hector Cuper as the national football team coach, BBC reports. The list includes “Colombian Jorge Luis Pinto, Spaniard Quique Sanchez Flores, Mexican Javier Aguirre and Bosnian Vahid Halilhodzic.”. The association hopes a new coach will be appointed before the Africa Cup of Nations qualifier […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Alexandria shuts down Agamy’s Al Nakheel beach
Alexandria has ordered the closure of Agamy’s Al Nakheel beach following a spike in the number of drowning incidents at the beach in recent months, according to Egypt Today. The beach reportedly sees strong waves and a large number of whirlpools, making it a dangerous spot for swimmers.
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 (Wednesday): 15,186 (-1.9%) Turnover: EGP 621 mn (33% below the 90-day average) EGX 30 year-to-date: +1.1% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
26-28 July (Thursday-Saturday): Green Banking: The Road to Sustainable Development, Baron Palace, Sahl Hasheesh, Hurghada. 30 July (Monday): Finance Minister Mohamed Maait will address the American Chambers of Commerce on Egypt’s financial reform agenda. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 24 July 2018
The House of Representatives will continue discussing the Madbouly Cabinet’s policy program today, Al Ahram reports. The House had begun deliberations on the program yesterday, with the majority of representatives signaling their approval of the new cabinet’s agenda. The Usual Suspects: Members of the 25-30 Coalition, however, said they would refrain from granting the government […]
Posted inWhat We're Tracking Today
EM investors are still not entirely convinced with the recent rebound in government bonds
EM investors are still not entirely convinced with the recent rebound in government bonds so far into the second half of the year, Matt Wirz writes for the Wall Street Journal. That is despite the fact that debt mutual funds in emerging markets saw inflows of some USD 100 mn last week from individual investors […]
Posted inEnterprise+: Last Night’s Talk Shows
Inauguration of the combined-cycle power plants reigns supreme on the airwaves
Yesterday’s inauguration of the three combined-cycle power plants reigned supreme on the airwaves last night. We have the full story in Speed Round, below. The new power plants are expected to spur investments in Egypt as they will bring an end to the country’s power shortages, and stand as an example of a successful large-scale […]
Posted inSpeed Round
Major amendments to the tax code coming during next legislative term
EXCLUSIVE- Major amendments to the tax code coming during next legislative term: The Finance Ministry plans to introduce a package of new legislation when the House of Representatives reconvenes from its summer recess, Finance Minister Mohamed Maait told Enterprise. Topping the list of laws are amendments to the tax code which are meant to facilitate […]
Posted inSpeed Round
Allure of EGP bonds fade, but we are not EM zombie crisis mode yet
While the glint from Egypt’s bonds may have faded, there is still no need to begin preparing a survival bunker for the EM zombie apocalypse, according to a recent report from Capital Economics (we are unable to link to the report for copyright reasons). “The surge in foreign investment into Egyptian bonds and equities that […]