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Posted inThe Market Yesterday

EGP / USD CBE market average: Buy 17.6443 | Sell 17.7443 EGP / USD at CIB: Buy 17.64 | Sell 17.74 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Tuesday): 14,730 (-1.1%) Turnover: EGP 1.2 bn (6% ABOVE the 90-day average) EGX 30 year-to-date: -1.9% THE MARKET ON TUESDAY: The EGX30 ended […]

Posted inCALENDAR

12-14 February 2018 (Monday-Wednesday): Egypt Petroleum Show 2018 (EGYPS), New Cairo Exhibition Center. 14-15 February (Wednesday-Thursday): The Australian Embassy in Cairo’s two-day capacity building workshop on best practices for sustainable mining governance, Cairo. 16 February (Friday): The Egypt Network for Integrated Development’s (ENID/El Nidaa) “Youth Entrepreneurship as a Catalyst for Growth and Employment” conference, Jolie […]

Posted inWhat We’re Tracking This Week

What we’re tracking this week

It’s interest rate week as the CBE’s Monetary Policy Committee meets on Thursday to set interest rates. Most analysts, including HC Securities’ Chief Economist Sara Saada, see a limited interest rate cut coming this week as inflation figures improve and the onus for growth shifts away from legislative reforms to interest rate cuts. Saada sees […]

Posted inEnterprise+: Last Night’s Talk Shows

Politics continue to feature prominently on the airwaves

Not sure if this is the EGYPTIAN SEQUEL TO GROUNDHOG DAY or to the NIGHT OF THE LIVING DEAD: Islamist politics and the future of state-owned companies dominated the airwaves last night. The talking heads zeroed in on separately televised interviews of former top auditor Hisham Genena and the Islamist former presidential candidate Abdel Moneim […]

Posted inSpeed Round

Egypt is stepping up its drive to land energy investment in the Gulf of Suez, new 95 octane petrol rolling out

Egypt is stepping up its drive to land energy investment in the Gulf of Suez, Oil Minister Tarek El Molla said yesterday. The minister announced an agreement with an international company to conduct a seismic survey of the Gulf of Suez to attract exploration investment in the area, but “did not name the company or […]

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