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Posted inWhat We’re Tracking This Week

What we’re tracking this week

Sudan and Egypt’s foreign ministers and intelligence service chiefs will meet in Cairo tomorrow to resolve “outstanding issues” between Cairo and Khartoum. The Pyeongchang Olympics open on Friday. Norway, Canada and the United States are broadly expected to top the overall medal standings, with Germany forecast to take home the most gold medals. And yes, […]

Posted inEnterprise+: Last Night’s Talk Shows

Global stock market performance featured prominently on the airwaves

The downturn in global stock markets featured prominently on the airwaves last night as the nation’s talking heads appeared to finally grown tired of obsessively dissecting political updates. The EGX’s slump yesterday was a natural reflection of global market conditions, Rasmala Egypt Asset Management Chairman Ahmed Abu El Saad told Hona Al Asema’s Lamees Al […]

Posted inSpeed Round

Bidding war for Cook’s Industries?

M&A WATCH- Are we seeing a bidding war for baking ingredients manufacturer Cook's Industries? There appears to a number of potential contenders to acquire Egyptian food manufacturer Cook’s Industries amid reports that the founding shareholders, the Paraskevas family, are interested in selling their entire stake. Emerging markets private equity giant Actis has reportedly begun conducting […]

Posted inSpeed Round

Capital Markets Act hearings start at House Economics Committee

LEGISLATION WATCH- Capital Markets Act. The Economics Committee of the House of Representatives began discussions yesterday on amendments to the Capital Markets Act, Ahram Gate reports. The committee invited Financial Regulatory Authority head Mohamed Omran to attend the hearing. Beyond introducing new financial instruments such as sukuks, futures trading and the setting-up of a commodities […]

Posted inSpeed Round

Procedures between EgyptAir and Aeroflot behind delay in resumption of flights

Procedures between EgyptAir and Aeroflot behind delay in resumption of flights: All that remains for the resumption of flights between Moscow and Cairo was for Aeroflot and EgyptAir to agree on procedures and details among themselves, Egypt’s ambassador to Russia, Ehab Nasr, said on Tuesday. President Vladimir Putin has already authorized the resumption of regular […]

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