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EGP / USD CBE market average: Buy 17.6172 | Sell 17.7169 EGP / USD at CIB: Buy 17.62 | Sell 17.72 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Wednesday): 17.510 (+0.1%) Turnover: EGP 2.6 bn (124% ABOVE the 90-day average) EGX 30 year-to-date: +16.6% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
08 April (Sunday): Easter Sunday, national holiday. 09 April (Monday): Sham El Nessim, national holiday. 11 April (Wednesday): The Game Sports Industry Conference, Nile Ritz-Carlton Hotel, Cairo. 17-18 April (Tuesday-Wednesday): Creative Industry Summit, Four Seasons Nile Plaza Hotel, Cairo. 24-25 April (Tuesday-Wednesday): Renaissance Capital’s 3rd Annual Egypt Investor Conference, Cape Town, South Africa. 25 April […]
Posted inWhat We're Tracking Today
What we’re tracking on 4 April 2018
US stocks stabilized yesterday after a day of heavy selling on Monday led by a slump in tech stocks that had also hit Europe and Asia. Nasdaq was 1% higher at market closing time yesterday, “while the broader S&P 500 ended up 1.3%,” which is just above its 200-day moving average, says the Financial Times. […]
Posted inON THE HORIZON
On the horizon
The Game Sports Industry Conference— Egypt’s first-ever platform dedicated to the sports industry — kicks off in Cairo on Wednesday 11 April. An Egyptian-Portuguese Business Forum is set to take place in the first half of this month, Trade and Industry Minister Tarek Kabil announced, following up on a round of talks held this past […]
Posted inEnterprise+: Last Night’s Talk Shows
Talk shows still haven’t recovered from election fever
The talking heads seem to have forgotten how to discuss anything other than the presidential election, as is evidenced by the lack of any other noteworthy topics on last night’s talk shows. MPs see the likelihood of a cabinet shuffle increasing by the day. Hona Al Asema’s Lamees Al Hadidi said there are expectations that […]
Posted inSpeed Round
PMI dips unexpectedly in March
Egypt’s headline purchasing managers’ index reading dipped to 49.2 in March from 49.7 a month earlier, according to the monthly report compiled by Markit. The drop was driven by downward movements in sub-components such as new orders and employment, with sentiment dipping to an eight-month low as well. The upside is that the data signaled […]
Posted inSpeed Round
CI Capital expects to raise USD 100 mn through its anticipated IPO
IPO WATCH- CI Capital expects to raise USD 100 mn through its anticipated IPO: CI Capital is expecting to raise c. USD 100 mn (EGP 1.8 bn) from its IPO, which is scheduled to take place in 2Q2018, sources close to the matter tell Al Mal. The company had previously said that it intends to […]
Posted inSpeed Round
Saudi Arabia lifts ban on Egyptian guava imports
Saudi Arabia has lifted its ban on Egyptian guava imports, the Saudi Food and Drug Authority (SFDA) announced yesterday. That said, shipments will be limited to SFDA-approved exporters in Egypt. The decision comes after Egyptian authorities complied with Saudi food safety regulations concerning exported goods, according to the statement. Saudi Arabia had banned imports of […]