Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
FIFA fined the Egyptian Football Association USD 50k for playing a World Cup warm up game against Kuwait during a prohibited period between 21-27 May, the Associated Press reports. According to FIFA regulations, a mandatory rest week is imposed on all teams “in order to protect players before the final competition.” Egypt violated the rules […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Egyptian team announced as finalist at Microsoft Imagine Cup
A group of Cairo University students have made it to the final round of Microsoft’s Imagine Cup with their app for lifeguards, according to Disrupt Africa. The team, one of 7,000 chosen from across the Middle East and Africa, will be in Seattle this week to compete for the USD 100k cash prize and showcase […]
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): 15,304 (-0.7%) Turnover: EGP 383 mn (59% below the 90-day average) EGX 30 year-to-date: +1.9% THE MARKET ON SUNDAY: 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 18 July 2018
It was a ridiculously slow news day yesterday, as the House of Representatives’ rush to pass legislation before the summer recess — arguably, the most prominent news in both the local and foreign press this week — appears to be subsiding. All that’s left now, is the Madbouly Cabinet’s policy program. The House is supposed […]
Posted inWhat We're Tracking Today
But the big dogs are bullish
But the big dogs are bullish: Strategists and investors from Goldman Sachs, Franklin Templeton Investments and BlackRock appear unfazed by the apocalypse, stating that emerging markets are poised to stage a rally. For them, cheap prices, rising corporate profits and strong fundamentals outweigh risks from a tit-for-tat trade war, rising interest rates and potential U.S. […]
Posted inEnterprise+: Last Night’s Talk Shows
Highlights of Cabinet meeting reigns supreme on the airwaves
As with the press, the airwaves were dry as your backyard this month, with the most interesting coverage was yesterday’s Cabinet meeting — which we cover in detail in Speed Round, below — with spokesman Ashraf Sultan. The first phase of the state privatization program will be implemented over the coming few months, Sultan told […]
Posted inSpeed Round
Madbouly Cabinet officially approves state privatization program
CABINET WATCH- The Madbouly Cabinet officially signed off yesterday on the state privatization program, according to a statement. The statement provides no further details on the program, including the size of the offerings, or the timeline. The cabinet had announced on Tuesday that five already-listed state companies will pilot the privatization program with additional stake […]
Posted inSpeed Round
FinMin backtracks on massive tax breaks to SMEs for joining the formal economy
EXCLUSIVE- FinMin backtracks on massive tax breaks to SMEs for joining the formal economy: The Finance Ministry has formed a committee to revisit the draft SMEs Act, which lays out incentives for small businesses to join the formal economy, a government source told us this week. The committee wants to do away with the tax […]