Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
English Lit professor Mona Prince said on her Facebook page that she intends to sue Suez Canal University after she was dismissed from her teaching post three weeks ago, Ahram Online reports. Prince — who was being investigated last year for “inappropriate behavior” after a two-minute video of her dancing on the roof of her […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.82 | Sell 17.92 EGP / USD at NBE: Buy 17.8 | Sell 17.9 EGX30 (Wednesday): 15,909 (-0.7%) Turnover: EGP 833 mn (25% BELOW the 90-day average) EGX 30 year-to-date: +5.9% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia. 15 June (Friday): Egypt’s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia. 15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday). 19 June (Tuesday): Egypt plays […]
Posted inWhat We're Tracking Today
What we’re tracking on 06 June 2018
Wait, did the Ismail Cabinet just resign? That’s the tenor of the clickbait headlines from the local press on what is a standard procedure after the inauguration of a president. Prime Minister Sherif Ismail has submitted his cabinet’s collective resignation to President Abdel Fattah El Sisi, who wassworn in for his second term on Saturday. […]
Posted inON THE HORIZON
On the horizon
A delegation from Russia’s Rosatom Overseas is expected in Egypt after Eid to organize a “corporate-community dialogue” in Dabaa, where the company will begin building a USD 30 bn nuclear power plant in 2020, a source at the Nuclear Power Plants Authority tells Al Shorouk. The dialogue aims to clear up any misunderstandings about the […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 6 June 2018
They’re still on hiatus. Expect the nation’s talking heads to resume their bloviations immediately during / after Eid.
Posted inSpeed Round
House passes FY2018-19 budget
The House of Representatives signed off on the FY2018-19 budget during yesterday’s general assembly session, Reuters reports. The budget, which still needs to be accepted and signed into law by President Abdel Fattah El Sisi, targets a deficit of 8.4% of GDP and a primary deficit surplus of 2%. It also sees increased spending on […]
Posted inSpeed Round
House signs off on income tax cuts, raising minimum threshold for exemptions
House signs off on income tax cuts, raising minimum threshold for exemptions: The House of Representatives’ general assembly signed off yesterday on new income tax cuts, Al Masry Al Youm reports. Those earning up to EGP 8k a year will be exempt entirely from taxes, while others earning between EGP 8k-30k will receive breaks ranging […]
Posted inSpeed Round
PMI sees business conditions declining in May
Business conditions in the non-oil private sector declined during May, according to the Emirates NBD PMI reading (pdf) compiled by Markit. The gauge slipped back to 49.2 in May from 50.1 in April. Last month’s reading had shown business conditions stabilizing with new export orders rising for the fourth month. A “marginal” decline in new […]