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Posted inThe Market Yesterday

EGP / USD CBE market average: Buy 17.85 | Sell 17.95 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.8 | Sell 17.9 EGX30 (Sunday): 16,675 (+1.6%) Turnover: EGP 669 mn (41% below the 90-day average) EGX 30 year-to-date: +11.0% THE MARKET ON SUNDAY: 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

The overprotected child

In miscellany today for your consideration pre-iftar: Would you let your 10 year old stay home alone — or walk to school without an adult? Does the mere question make you uncomfortable? That’s because we, as overprotective helicopter parents, are raising kids exactly the opposite of how we were brought up, back when we were […]

Posted inWhat We’re Tracking This Week

What we’re tracking this week

Apple’s World Wide Developer Conference gets underway tomorrow in California with a keynote speech at 10am Pacific time (that’s 7:00pm CLT tomorrow). 9to5Mac has a rundown of what you can expect. As things look now: Iterative improvements with iOS 12 as tentpole features are pushed to next year to allow Apple engineers to focus on […]

Posted inON THE HORIZON

On the horizon

The central bank’s monetary policy committee will keep key interest rates unchanged when it convenes for its final meeting for the current fiscal year on 28 June, Standard Chartered’s Bilal Khan suggested, after previously speculating that the MPC would move to cut rates by 100 bps, according to FX Street. Khan had said that the […]

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