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EGP / USD CBE market average: Buy 17.64 | Sell 17.74 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.59 | Sell 17.69 EGX30 (Monday): 17,523 (-0.5%) Turnover: EGP 927 mn (19% BELOW the 90-day average) EGX 30 year-to-date: +16.7% THE MARKET ON MONDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
08 May (Tuesday): The Egyptian embassy in London will be hosting a “Made in Egypt” gala exhibit event. 07 May (Monday): International Data Corporation’s CIO Summit, The Nile Ritz-Carlton Hotel, Cairo. 07-08 May (Monday-Tuesday): Fourth annual Egypt CSR Forum, InterContinental Semiramis Hotel, Cairo. 17 May (Thursday): Expected date for the start of Ramadan. 17 May […]
Posted inWhat We're Tracking Today
What we’re tracking on 07 May 2018
It’s the accidental legislation issue of Enterprise, as yesterday saw a flurry of updates on key business and econ laws, including the Banking Act, the Ride-hailing Apps Act, plans to bring SMEs into the tax system, and a harebrained scheme to turn Egypt’s parliament into a two-party system. We have more in the Speed Round, […]
Posted inWhat We're Tracking Today
TNA wins 8 awards at the 2018 African Cristal Festival
Our friends at Tarek Nour Advertising took home eight nods at this year’s African Cristal Festival in Marrakesh, the agency announced. The categories are Advertisers’ Grand Prix, Leaders’ Grand Prix, African Culture, Film, and Film Craft. Three of the awards were for TNA’s spot for Hyundai Egypt FIFA World Cup 2018, an Enterprise favourite for […]
Posted inWhat We're Tracking Today
PSA #1- Zamalek residents could face a widespread water outage today lasting from 8:00 am until 4:00 pm as the Cairo Water Company cuts off pipes for work on Cairo Metro Line 3, Al Masry Al Youm reports. PSA #2- We’re looking at three day of mixed cloud, rain and blowing dust, the national weather […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Egyptian embassy in London will be hosting a “Made in Egypt” gala tomorrow. The event, which will exhibit the work of leading Egyptian designers, is sponsored by Mr & Mrs Samih Sawiris, CIB, Edita, EgyptAir, Palm Hills, Ramsco and SODIC. Inflation numbers should come out on or about this Thursday, 10 May. This month […]
Posted inON THE HORIZON
On the horizon
EETC to issue tender for electricity grid interconnection with Sudan “within days”: The Egyptian Electricity Transmission Company (EETC) will issue a local and global tender for power lines and transformers for the electricity grid interconnection project with Sudan “within days,” according to sources. Ten companies, including General Electric, Siemens, Schneider Electric, Elsewedy, will be invited […]
Posted inEnterprise+: Last Night’s Talk Shows
IMF Deputy MD on Egypt
The airwaves last night focused on one of the busiest days in parliament we’ve seen in a very long time. Debates on the Ride-hailing Apps Act and the new education system moved from the floor of the House of Representatives to the airwaves without any dilution of the drama. The highlight of the night, however, […]
Posted inSpeed Round
Hassan Allam Holding taps advisors for potential IPO
EXCLUSIVE - Hassan Allam Holding taps advisors for potential IPO: Leading construction company Hassan Allam Holding has mandated three investment banks to run a potential IPO, including EFG Hermes and Renaissance Capital as joint global coordinators and Arqaam Capital as bookrunner, sources with knowledge of the transaction tell us. EFG Hermes and Rencap would also […]