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A racing team from Ain Shams University (ASU) won the Cost and Manufacturing award at the Formula Student engineering competition in the UK earlier this week, according to the Institution of Mechanical Engineers. The competition sees competitors producing “a prototype for a single-seat race car for autocross or sprint racing, and [presenting] it to a […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.84 | Sell 17.94 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Tuesday): 15,443 (-1.5%) Turnover: EGP 792 mn (17% below the 90-day average) EGX 30 year-to-date: +2.7% THE MARKET ON TUESDAY: The EGX30 Tuesday’s […]
Posted inCALENDAR
23 July (Monday): Revolution Day, national holiday. 26-28 July (Thursday-Saturday): Green Banking: The Road to Sustainable Development, Baron Palace, Sahl Hasheesh, Hurghada. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 July 2018
It’s the accidental legislation issue again here, as the House of Representatives passed a series of key laws yesterday — some important, others controversial. They gave their approval on a law setting up Egypt’s first sovereign wealth fund and the Press and Media Acts. Expect future legislation issues this week as the House rushes to […]
Posted inWhat We're Tracking Today
A potential revolution in Iran could spell trouble for the international oil market
Oh, great. Another doom and gloom piece on the global economy from the FT: The potential for a revolution in Iran against the Islamic regime means the international oil market could be in for “a bumpy ride,” Nick Butler writes for the Financial Times. While it seems unlikely that recent protests will snowball into a […]
Posted inEnterprise+: Last Night’s Talk Shows
It’s (legislative) Groundhog Day
It’s (legislative) Groundhog Day: Legislation was once again the talk of the town on last night’s talk shows after the House of Representatives passed several bills yesterday (all of which we look into in detail in Speed Round), including a few that had stirred controversy the previous day. The only notable exception was Vice Minister […]
Posted inSpeed Round
House signs off on several law
LEGISLATION WATCH- House signs off on several laws, including Sovereign Wealth Fund Act and the Press and Media Act: The House of Representatives’ general assembly signed off yesterday on the law establishing Egypt’s EGP 200 bn sovereign wealth fund, Al Mal reports. The law gives the fund complete financial independence and relieves it from paying […]
Posted inSpeed Round
Privatization program can drum up enough interest, but does the government still have time?
Egypt has the capacity to drum up enough interest to sell stakes from four major public companies on the EGX this year, but time is running short, Renaissance Capital MENA CEO Ahmed Badr tells Bloomberg in an interview (watch, runtime: 5:16). “I’m a bit skeptical on the public side whether they’re actually going to have […]
Posted inSpeed Round
IMF warns of global economic instability in its World Economic Outlook Update
IMF warns of global economic instability in its World Economic Outlook Update: “Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced,” The IMF said in its July update of the World Economic Outlook. While the IMF continues to maintain that global GDP […]