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The British are celebrating a wedding on Saturday as the actor Meghan Markle marries Prince Harry. Our inner republican is aghast. Upcoming milestones to watch on our march toward becoming a regional energy hub: It’s not only about natural gas, ladies and gentlemen. As part of the state’s drive to position Egypt as a regional […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Pre-Ramadan slowdown leaves little for the talking heads to discuss
President Abdel Fattah El Sisi’s fifth national youth conference reigned supreme on the airwaves as the pre-Ramadan slowdown left little else for the talking heads to discuss. We have a thorough rundown of El Sisi’s most important statements from the conference in Speed Round, below. Economy was at forefront of El Sisi’s remarks at daylong […]
Posted inSpeed Round
El Sisi attends fifth national youth conference in Cairo
GDP growth for 3Q2017-18 accelerated to 5.4% President Abdel Fattah El Sisi said at his fifth national youth conference yesterday. Economic conditions are improving, but challenges including a bloated public sector persist, El Sisi said. Nonetheless, the state does not plan on laying off civil servants. He urged businesses to continue investing at home, saying […]
Posted inSpeed Round
The House is worried about how rising oil prices will hit the 2018-19 budget
The House is worried about how rising oil prices will hit the 2018-19 budget: Meanwhile, the House of Representatives Budget Committee is debating whether to set aside more funds in case the government overshoots its 2018-19 budget deficit target, committee’s deputy chair Yasser Omar says. The committee is mulling whether to raise the effective overdraft […]
Posted inSpeed Round
Egypt, Sudan and Ethiopia take step toward breaking deadlocked GERD talks?
El Sisi’s remarks on the GERD talks yesterday came as Egypt, Sudan and Ethiopia may have taken a step toward breaking a deadlock that had mired negotiations for several years now. The foreign ministers of Egypt and Ethiopia and Sudan’s water resources minister signed a declaration in Addis Ababa on Wednesday that charts the next […]
Posted inSpeed Round
Shalakany Law Office explains new licensing regs for NBFIs
At a time when every investment banker and his semi-numerate half-cousin wants to launch an NBFI play, the Financial Regulatory Authority issued new regulations last week on the licensing new entrants to the industry. The regulations are designed to ensure transparency in the industry — and to make sure that any NBFI has an anchor […]
Posted inSpeed Round
Idku, Damietta gas export plans to run a full capacity by end of 2019?
Idku, Damietta gas export plans to run a full capacity by end of 2019? “The start of the third production unit at Egypt’s giant Zohr offshore gas field earlier this week, the country’s need for LNG imports is rapidly drawing to a close,” LNG World Shipping writes. It’s a good dive into recent developments in […]
Posted inSpeed Round
House signs off on Social Housing and Mortgage Finance Support Act
LEGISLATION WATCH- House signs off on Social Housing and Mortgage Finance Support Act: The House of Representatives signed off on the Social Housing and Mortgage Finance Support Act during its plenary session yesterday, Housing Minister Mostafa Madbouly reportedly said. Under the new law, the Social Housing Fund and the Mortgage Finance Fund will be merged […]
Posted inSpeed Round
Elsewedy Electric replaces GTH on MSCI Index
Elsewedy Electric replaced Global Telecom Holding (GTH) on the MSCI Global Standard Index (pdf), while GTH and Misr Fertilizers Production Company (MOPCO) joined the MSCI Global Small Cap Index (pdf). The changes are part of the MSCI’s semi-annual index review.
Posted inSpeed Round
Earnings: BPE Holding
EARNINGS WATCH- B Investments reported a net profit after tax of EGP 33.5 mn in 1Q2018, down from EGP 54.9 mn during the same period last year, according to an EGX filing (pdf). Net revenues for the quarter also dropped to EGP 42.6 mn, from EGP 59.8 mn in 1Q2017. The drop in net profits […]