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There’s plenty of ‘meh’ news for Egypt in the international press this morning, most of it our own doing (we have chapter and verse in Egypt in the News, below). After all, we appear now to live in a parallel dimension in which the Prosecutor General’s Office is siding with a free press while the […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 07 July 2018
It’s going to be a big week for: Emerging markets. The pundits doing a rain dance in the hope that skies get cloudier for EM will get more to chew over this week if Reuters’ Take five: World market themes for the week ahead is anything to go by. Those clouds range from a trade […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Are folks with back-due taxes about to get a break? Finance Minister Mohamed Maait said a new initiative this week could “support businessmen with overdue tax payments to achieve the desired growth levels,” Al Shorouk reports. The move comes a few weeks after the Central Bank of Egypt announced a separate initiative that could see […]
Posted inEnterprise+: Last Night’s Talk Shows
Freedom of speech was the theme of the evening on the airwaves last night
Freedom of speech was the theme of the evening on the airwaves last night, thanks to a gag order on the corruption investigation at 573757 Children’s Cancer Hospital and the sentencing of a Lebanese tourist for eight years for cursing out Egypt on social media. Prosecutor General Nabil Sadek summoned Supreme Media Council head Makram […]
Posted inSpeed Round
Egypt achieves EGP 4 bn budget surplus for first time in 15 years
Egypt records full-year primary budget surplus for first time in 15 years in FY2017-18: Egypt achieved a primary budget surplus of EGP 4 bn in FY2017-18, its first in 15 years, according to a Finance Ministry statement. The figure translates to around 0.2% of GDP, Finance Minister Mohamed Maait told the press on Thursday, adding […]
Posted inSpeed Round
One step closer to the privatization program
One step closer to the privatization program? The committee tasked with managing the state privatization program will soon brief cabinet as a whole on where things stand, Finance Minister Mohamed Maait said in a statement. While the official Finance Ministry statement does not include a deadline, the local press is claiming that Maait said at […]
Posted inSpeed Round
Net FX reserves rise to USD 44.26 bn
Egypt’s net foreign reserves rose to USD 44.26 bn at the end of June 2018, up from USD 44.14 bn in at the end of May, the central bank announced.
Posted inSpeed Round
Emirates NBD sees Egypt still attractive to EM investors
Egypt remains an attractive play for emerging market investors, Emirates NBD asset management boss Salman Bajwa told Bloomberg in an interview last Wednesday. Despite a recent “wobble,” triggered mainly by global conditions such as a stronger USD and higher oil prices, “if we look at the Egyptian story over the last 12 months, it’s been […]
Posted inSpeed Round
Reforms are repositioning Egypt as a global investment destination, says Sahar Nasr
Reforms are repositioning Egypt as a global investment destination, says Sahar Nasr: Egypt is repositioning itself “as a global investment destination” through its ongoing reform program, including “comprehensive improvements” to the country’s business climate, Investment and International Cooperation Minister Sahar Nasr said in an interview with CNBC. Nasr highlighted efforts to cut red tape and […]