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Posted inThe Market Yesterday

EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.83 | Sell 17.93 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Wednesday): 16,310 (-0.7%) Turnover: EGP 711 mn (29% BELOW the 90-day average) EGX 30 year-to-date: +8.6% THE MARKET ON WEDNESDAY: The EGX30 ended […]

Posted inCALENDAR

16 July (Monday): Cairo Court of Appeals to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina. 23 July (Monday): Revolution Day, national holiday. 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, […]

Posted inWhat We're Tracking Today

What we’re tracking on 04 July 2018

It’s all about the new Madbouly government’s policy platform today, ladies and gentlemen. We have crossed over to the next (and frankly more challenging) stage of the economic reform program: Policy continuity is the order of the day, Madbouly made clear in presenting his program to the House of Representatives yesterday. The PM emphasized that […]

Posted inWhat We're Tracking Today

How China’s financing and political savvy helps it lock down key pieces of infrastructure

How China uses financing and political savvy to lock down key pieces of infrastructure: Beijing’s canny read on local politics and alleged willingness to throw around bags of cash (literally and metaphorically) allowed it to secure use of a key port in Sri Lanka, giving it “control of territory just a few hundred miles off […]

Posted inSPOTLIGHT ON THE MADBOULY CABINET’S AGENDA

Madbouly emphasizes continuity as he unveils four-year agenda at the House of Representatives

Prime Minister Mostafa Madbouly presented his cabinet’s new four-year policy program to the House of Representatives yesterday, according to an official statement. The new cabinet’s agenda will focus on five main areas: Economic development, improving living standards, human development, as well as national security and foreign policy. You can view the full program here, courtesy […]

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