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Supply Minister Ali El Moselhy signed on Thursday a MoU with the World Food Program to support Egypt’s 2018-2023 food security strategy,according to Al Mal. Moselhy said that the agreement will see initiatives being launched to help bolser Egypt’s food supply chain, improve overall nutritional quality of the crops grown, and upgrading data collection systems.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Google celebrates Radwa Ashour’s 72nd birthday
Google’s Doodle yesterday celebrated what would have been Egyptian author and professor Radwa Ashour’s 72nd birthday. Ashour, who was an advocate against university corruption and censorship, was also known for “her distinct writing style that invites users to intimately experience far away places through her perspective.” The acclaimed author of over 15 book has also […]
Posted inThe Market Yesterday
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 17.78 | Sell 17.88 EGX30 (Thursday): 16,634 (-0.2%) Turnover: EGP 700 mn (39% BELOW the 90-day average) EGX 30 year-to-date: +10.7% THE MARKET ON THURSDAY: 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 24 May 2018
We hope you, like us, have had a wonderful week and are looking forward to the second weekend of Ramadan. We are forever grateful for the privilege of writing all of you each morning. Our top three stories this morning are at the intersection of energy and social stability. Sources close to Cabinet tell us […]
Posted inWhat We're Tracking Today
Paul Krugman jumps on EM Zombie Apocalypse bandwagon
With our random sappiness out of the way, may we just say while it could be the lack of coffee speaking, but: We’re getting a little bit tired of the wall-to-wall coverage of the Emerging Markets Zombie Apocalypse? Nobel Prize-winning economist and columnist Paul Krugman got in on the party yesterday suggested we could be […]
Posted inWhat We're Tracking Today
Are we facing EM “contagion” from “looming debt wall”?
Will the stress get worse when EM run into a “looming” debt wall? Are we really facing a “contagion”? Bloomberg has compiled data suggesting that EM companies and governments are “straining to deal with the rising cost of borrowing in USD” and have some USD 249 bn that will need to be repaid or refinanced […]
Posted inWhat We're Tracking Today
Mark Mobius is (as usual) the voice of reason on EM zombie apocalypse
As usual, Mark Mobius is the voice of reason. The iconic, 81-year-old EM investor, who left Franklin Templeton earlier this year to set top Mobius capital Partners, told Bloomberg yesterday that, “We still could have some downside in the emerging markets, but selectively, you have some good opportunities. Now would be a stock picker’s market.” […]
Posted inWhat We're Tracking Today
Your Ramadan rundown for today: Bank hours run 09:30 am to 01:30 pm for customers and from 09:00 am to 02:00 pm for employees, CBE announced. The EGX is running shorter trading hours. The trading session kicks off at 10:00 am, but closes at 1:30 pm. Tap or click here for the full schedule. It’s […]