Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
EGP / USD CBE market average: Buy 17.63 | Sell 17.73 EGP / USD at CIB: Buy 17.61 | Sell 17.71 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Sunday): 18,304 (-0.3%) Turnover: EGP 1.1 bn (4% BELOW the 90-day average) EGX 30 year-to-date: +21.9% THE MARKET ON SUNDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
30 April (Monday): High Representative of the EU for Foreign Affairs and Security Policy and Vice President of the EU Commission Federica Mogherini visits Cairo. 30 April (Monday): Cypriot President Nicos Anastasiades and Greek counterpart Prokopis Pavlopoulos visit Egypt. 01 May (Tuesday): Labor Day, national holiday. 02-03 May (Wednesday-Thursday): Cisco Connect Egypt 2018, Nile Ritz-Carlton […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 April 2018
We’re getting underway on this shortened work week with two nuggets of business news, and we’re also on the cusp of earnings season. That said: It’s still going to be a week dominated by all things diplomacy. The EGX’s market cap crossed the EGP 1 tn mark for the first time on Thursday, according to […]
Posted inON THE HORIZON
On the horizon
AmCham HR Day: If you’re in the throes of HR challenges, take heart: You’re not alone. Our friends at AmCham will be holding its fifth annual HR Day on Monday, 7 May. The event will discuss new ways of attracting talent, developing culture, implementing leadership practices and diversity and inclusion, in addition to raising questions […]
Posted inEnterprise+: Last Night’s Talk Shows
New Cairo flash floods dominate the debate on the airwaves
With more rain in the forecast for the coming days, the flash floods that swamped areas of New Cairo last week were the talk of the town last night, particularly after Prosecutor General Nabil Sadek ordered an investigation into the matter. The prosecutor asked the Administrative Control Authority (ACA) to look into the state’s “failure” […]
Posted inSpeed Round
Among the many reasons FX stability is the order of the day for the coming 12 months
Three of the many reasons you shouldn’t expect significant changes in the FX rate over the coming 12 months: #1– Thomas Cook is calling it — the tourism “terror slump” is over: Holiday bookings giant Thomas Cook says the Mideast tourism slump that came on the back of terror attacks is over. Bookings for Egypt, […]
Posted inSpeed Round
Finance Ministry not planning to amend budget to reflect increase in global oil prices
EXCLUSIVE- And speaking of FX stability: The next state budget assumes an average exchange rate of EGP 17.25 to the greenback, Vice Minister of Finance Mohamed Maait tells us. The proposed budget is currently with the House of Representatives for discussion. Our refresher on the proposed budget is here. Finance Ministry not planning to amend […]
Posted inSpeed Round
Neuberger Berman is bullish on the Egypt carry trade in 2018
Neuberger Berman is bullish on the Egypt carry trade in 2018: Neuberger Berman Managing Director Middle East and Africa Jahangir Aka likes Egypt’s domestic currency and FX debt and believes that the Egypt carry trade should continue to shine in 2018. “On a macro-level, Egypt is heading in the right directions and doing all the […]
Posted inSpeed Round
CI Capital IPO raises EGP 1.7 bn
IPO WATCH- CI Capital’s IPO raised EGP 1.7 bn, the EGX said in a statement on Thursday carried by Reuters. The institutional offering was c.6.1x oversubscribed, while the retail offering tranche of CI Capital’s IPO on the Egyptian Exchange was 29.45x oversubscribed. Trading of the firm’s shares, which will open at EGP 7.70 each, is […]