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08-11 February (Thursday-Sunday): Furnex & the Home international trade fair, Cairo International Convention Center. 10-12 February 2018 (Saturday-Monday): Third Africa STI Forum, Cairo. 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 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 8 February 2018
Yields on Egypt’s T-bills fell to their lowest point since right before the EGP float in 2016, according to Bloomberg’s Ahmed Feteha. Yields on one-year treasury bonds has fallen to 16.7%, the lowest since two-weeks before Egypt lifted currency controls. EFG Hermes economist Mohamed Abu Basha sees this as a sign that some investors anticipate […]
Posted inON THE HORIZON
On the horizon
Al Ghad Party’s presidential candidate Moussa Mostafa Moussa will announce his campaign platform and will select his campaign’s senior staff on Saturday, Moussa told Al Shorouk on Wednesday.
Posted inEnterprise+: Last Night’s Talk Shows
Politics pervade the airwaves once again
Politics pervaded the airwaves once again as the talking heads pored over Turkey’s rejection of Egypt’s maritime border demarcation agreement with Cyprus (we have the full story in Diplomacy + Foreign Trade, below). A welcome exception to the rule was SODIC CEO Magued Sherif’s interview on Extra News’ Mal wa Aamal. Sherif told Extra News’ Dina […]
Posted inSpeed Round
Amendments to Banking Act will strengthen the central bank’s consumer protection role
Amendments to Banking Act to make central bank the primary consumer protection agency for the banking industry: Amendments to the Banking Act, which are still being drafted by the central bank, will, in effect, make the CBE the primary consumer protection agency for the banking industry, Al Mal reports. Under the law’s provisions, the CBE […]
Posted inSpeed Round
Amendments to the Capital Markets Act will allow private stock exchanges, short-term debt instruments
LEGISLATION WATCH- Is privatization of the EGX in the cards after the House Economics Committee okays regs allowing private stock exchanges? Or is it a commodities exchange that would be private? The House of Representatives’ Economics Committee agreed to amendments to the Capital Markets Act yesterday to allow the establishment of privately-owned stock exchanges. Private […]
Posted inSpeed Round
EGX plans to involve banks in margin trading welcomed by brokerages
Brokerages cheer EGX drive to interest banks in financing margin trading: Brokerages and industry associations are welcoming recent steps by the EGX to increase the involvement of banks in margin trading, according to Al Mal. EGX head Mohamed Farid had met last week with the Federation of Egyptian Banks to discuss mechanisms that would encourage […]
Posted inSpeed Round
Economic growth in Egypt to reach 5.5% in 2018-19 -Bloomberg Economics
Economic growth in Egypt is expected to accelerate to 5.5% in FY 2018-19, Bloomberg Economics’ Chief Middle East Economist Ziad Daoud expects, according to CPI Financial. He sees four tailwinds supporting growth in Egypt. First is declining inflation rates. Second are the lower interest rates expected, which “should boost growth through faster expansion in consumption […]
Posted inSpeed Round
Fuel subsidies expenditure up 34% y-o-y
Fuel subsidy costs are up 34% y-o-y in 1H2017-18, Oil Minister Tarek El Molla told Reuters. The cost has gone up to EGP 51 bn from EGP 38 bn, but El Molla notes that the spent amount remains EGP 4 bn below budgeted. In total, the government expects to spend EGP 110 bn on fuel […]