enterpriseam admin, Author at EnterpriseAM Egypt

HC Securities currently advising on four M&As in the local market

by enterpriseam adminEgypt Edition28 May 2018

HC Securities and Investment is currently advising on four acquisitions in the local market worth a total EGP 2 bn, Investment Banking head Mahmoud Selim tells Al Masry Al Youm. Selim stopped short of naming the companies involved, saying only that two international firms were interested in acquiring shares in Egyptian businesses, and that the […]

Banking + Finance

NBK-Egypt to arrange EGP 3 bn facility for EGAS

by enterpriseam adminEgypt Edition28 May 2018

The National Bank of Kuwait (NBK)-Egypt won a tender to arrange a EGP 3 bn loan for EGAS, as it looks to connect more homes to the natural gas grid, unnamed sources tell Al Mal. NBK-Egypt is already in talks with a number of local banks over the amount.

Egypt Politics + Economics

Support Egypt will not become a political party –Elsewedy

by enterpriseam adminEgypt Edition28 May 2018

The Support Egypt Coalition — the largest electoral political bloc in the House of Representatives — will not turn into a political party, said the coalition’s leader Mohamed Elsewedy, according to Al Masry Al Youm. Elsewedy added that the group would remain a political bloc comprised of members of difference parties. He noted that coalition […]

Egypt Politics + Economics

Zamalek’s Ultras White Knights announces it is disbanding

by enterpriseam adminEgypt Edition28 May 2018

Zamalek football club fan group Ultras White Knights announced yesterday their permanent disbanding by burning the group’s banner in front of the Cairo Stadium, Al Shorouk reports. Ultras Ahlawy — the comparable group for Al Ahly football club — had also announced its dissolution earlier this month in similar fashion. Both groups have been charged […]

ON YOUR WAY OUT

Mohamed Safwat becomes first Egyptian in 22 years to play a Grand Slam

by enterpriseam adminEgypt Edition28 May 2018

Mohamed Safwat becomes first Egyptian in 22 years to play a Grand Slam: 27-year-old tennis player Mohamed Safwat enjoyed a short-lived Grand Slam debut after earning a last-minute spot in the French Open on Sunday, only to lose his first match against Belgium’s Grigor Dimitrov, Reuters reports. “With little time to collect his thoughts on […]

The Market Yesterday

by enterpriseam adminEgypt Edition28 May 2018

EGP / USD CBE market average: Buy 17.86 | Sell 17.96 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.79 | Sell 17.89 EGX30 (Sunday): 16,648 (+0.1%) Turnover: EGP 458 mn (60% BELOW the 90-day average) EGX 30 year-to-date: +10.8% THE MARKET ON SUNDAY: The EGX30 ended […]

CALENDAR

by enterpriseam adminEgypt Edition28 May 2018

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 […]

What We're Tracking Today

by enterpriseam adminEgypt Edition27 May 2018

We’re not going to claim to speak on the entire business community’s behalf, but we could have used another day of weekend.

What We're Tracking Today

The hand-wringing over weakness in emerging market currencies continues in the global business press.

by enterpriseam adminEgypt Edition27 May 2018

The hand-wringing over weakness in emerging market currencies continues in the global business press, with Bloomberg’s Paul Wallace being the latest in a string of writers to point out that equity markets in countries including Egypt, Kenya, and Ghana have also been slipping in response. “Egypt’s stocks, which had risen steadily since the EGP was […]