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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 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
Are we staring into the abyss of another global market correction?
It’s looking like it could be an interesting week for equities around the world: A slump in tech stocks sparked by a backlash against technology companies gained steam yesterday, putting more pressure on markets already weighed down by fear of a global trade war. The S&P 500 lost 2.2% yesterday and the tech-heavy Nasdaq tumbled […]
Posted inWhat We're Tracking Today
EM stocks outperform other regions in Bloomberg survey
Emerging market stocks outperformed their peers from developed nations in 1Q2018, investors and fund managers said in a Bloomberg survey of 15 participants conducted last month. Asian stocks were the most attractive EM assets, followed by Latin American bonds, according to the survey. In currencies, Asia came tops again, ahead of Europe, the Middle East […]
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
Talking heads capitalized on their last chance to fixate on the election
As expected, the talking heads reveled in election results last night following the announcement of President Abdel Fattah El Sisi’s landslide victory. Runner-up Moussa Mostafa Moussa did not seem too upset to have finished third in a two-man race and instead took the time to praise voters for turning out. He told Masaa DMC’s Eman […]
Posted inSpeed Round
El Sisi wins second term in office with 97.08% of the vote
President Abdel Fattah El Sisi won a second term in office with 97.08% of the vote, according to the State Information Service. Some 22.491 mn out of the total 24.245 mn who turned out to vote cast their ballots for El Sisi. The official turnout rate was 41.05%, with both the percentage of votes and […]
Posted inSpeed Round
Two state companies expected to IPO this year. -Farid
IPO WATCH- Two state-owned companies expected to IPO this year. EGX head Mohamed Farid reportedly said he expects two state-owned companies to complete their initial public offerings this year, according to Youm7, which is the only influential newspaper to note the statement. Farid also expects a few of the nine listed companies on the state’s […]
Posted inSpeed Round
Net FX reserves grow slightly to USD 42.6 bn
Net FX reserves grew slightly to USD 42.61 bn in March, up from USD 42.52 in February, the CBE announced on Monday. The CBE did not explain the reason for the meager rise, which followed one of the largest jumps in reserves when they grew USD 4.3 bn in February.
Posted inSpeed Round
FRA stakes claim total claim to insurance sector in amendments to the Insurance Act
LEGISLATION WATCH- FRA stakes total claim to insurance sector in amendments to the Insurance Act: Recently-drafted amendments to the Insurance Act would give Financial Regulatory Authority (FRA) chief Mohamed Omran complete dominion over the sector. The amendments would give FRA complete regulatory control over he sector, governing everything from the establishment and licensing of insurance […]