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EGP / USD CBE market average: Buy 17.63 | Sell 17.73 EGP / USD at CIB: Buy 17.6 | Sell 17.7 EGP / USD at NBE: Buy 17.59 | Sell 17.69 EGX30 (Monday): 14,891 (+0.4%) Turnover: EGP 1.1 bn (2% BELOW the 90-day average) EGX 30 year-to-date: -0.9% THE MARKET ON MONDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
12-14 February 2018 (Monday-Wednesday): Egypt Petroleum Show 2018 (EGYPS), New Cairo Exhibition Center. 19-20 February 2018 (Monday-Tuesday): The Banking Tech North Africa, The Nile Ritz-Carlton, Cairo 17-21 February 2018 (Saturday-Wednesday): Women For Success - Women SME's "World of Possibilities" Conference, Cairo/Luxor. 05 March (Monday): Egypt’s PMI reading for February released. 05-07 March (Monday-Wednesday): EFG Hermes’ […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 February 2018
Market watchers will be timezone hopping today for signs that we’ve found the bottom in the ongoing stock rout. Asian markets are mixed this morning and oil has firmed up, with Brent rising about 0.7% to USD 63.20 a barrel. A sweep across points east just before dispatch time shows Japanese, Indian, New Zealand and […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
It’s interest rate week, and the folks on the sell side aren’t so certain we’ll see a rate cut: The central bank’s Monetary Policy Committee meets on Thursday to review rates. Our friends at Pharos think the MPC is most likely to maintain rates, but if a cut does come, it will be limited to […]
Posted inON THE HORIZON
On the horizon
The London Business School is holding its annual Middle East Conference on 2 March. Speakers this year will include Qalaa Holdings Chairman Ahmed Heikal and founding partner of Zulficar & Partners Mona Zulficar.
Posted inEnterprise+: Last Night’s Talk Shows
Sinai military operations, Tillerson in Cairo, and Hona Al Shabab’s new season
The ongoing anti-terrorism military operation in Sinai was still the most popular topic on the airwaves last night. Hona Al Asema’s Lamees Al Hadidi deviated from that path to promote the new season of her startup competition Hona Al Shabab, which kicks off on Wednesday with sponsorship from our friends at CIB. Lamees hosted Amr […]
Posted inSpeed Round
Investment Ministry launches global FDI promotion campaign starring business leaders
The Investment Ministry has launched a global campaign to attract foreign direct investment, and it stars business leaders. The campaign includes reassuring messages to overseas investors from leading business figures including L’Oreal Egypt’s Managing Director Benoit Julia (watch, runtime 0:45) and TCI Sanmar Chemicals Chairman P S Jayaraman (watch, runtime 0:45). OTMT Chairman Naguib Sawiris […]
Posted inSpeed Round
Privatizing railways gets preliminary nod from Parliament
LEGISLATION WATCH- Privatization of railways gets preliminary nod from Parliament: The House of Representatives gave its preliminary sign-off on amendments to the Railway Act on Sunday that would open up the sector to private companies, Al Masry Al Youm reports. The amendments will allow businesses to build and operate railway lines and to bid for […]
Posted inSpeed Round
Bin Laden Group’s Al Marasem to invest EGP 29 bn in two new real estate projects in Egypt
INVESTMENT WATCH- Al Marasem to invest EGP 29 bn in two real estate projects over 5-7 years: Bin Laden Group subsidiary Al Marasem International for Development is planning to invest EGP 29 bn in two new real estate projects in Egypt over the next five to seven years, CEO Tarek Helmy said, Ahram Gate reports. […]