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Kiwi tennis champ Erin Routliffe won the ITF Futures tournament in Sharm El Sheikh, according to Stuff. The 22-year old still has a long way to go in the WTA rankings, but the victory is expected to see her jump 100 spots to 650. The dual-national was brought up in Canada but started playing under […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6214 | Sell 17.7214 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.62 | Sell 17.72 EGX30 (Sunday): 14,875 (-1.4%) Turnover: EGP 850 mn (24% below the 90-day average) EGX 30 year-to-date: -1.0% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
05 February (Monday): Egypt’s Emirates NBI PMI reading for January announced. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 4 February 2018
It’s shaping up to be a busy week in Egypt that will see a lot of noise in the macro backdrop. For starters: MENA-based investors are the canaries in the coal mine this morning as traders watch for signs that a global market correction has arrived. With the S&P 500 down nearly 4% last week, […]
Posted inWhat We’re Tracking This Week
It’s PMI day tomorrow: Egypt’s Emirates NBD purchasing managers’ index reading for January will be announced on Monday, 5 February. When, exactly, are railway ticket prices going to rise? There appears to be some confusion as to when Transport Minister Hisham Arafat intends to announce new railway ticket prices. News reports quote Arafat and other […]
Posted inON THE HORIZON
On the horizon
The central bank’s Monetary Policy Committee will meet on 15 February to decide on interest rates. A delegation of 22 British companies led by UK trade envoy Jeffrey Donaldson is visiting Egypt on 10 February to discuss a tripartite trade agreement between the UK, Egypt, and China centered on exports to African markets.
Posted inEnterprise+: Last Night’s Talk Shows
Poultry prices and presidential elections
It was a two-pronged evening on the airwaves last night, with the debate being largely dominated by the sharp drop in poultry prices at government outlets and (naturally enough) continued discussion of the presidential election campaign. Masaa DMC’s Eman El Hosary sat down with presidential candidate Moussa Mostafa Moussa, who said Al Ghad Party — […]
Posted inSpeed Round
US-Saudi group to invest USD 3.3 bn in theme park
INVESTMENT WATCH- US-Saudi group to invest USD 3.3 bn in Egypt theme park — largest FDI since Investment Act: Entertainment World Company signed a contract to develop a USD 3.3 bn “Disneyland-style” theme park on a 5,000-acre plot of land in Al Alamein, the Investment Ministry said in a statement on Thursday. The project, which […]
Posted inSpeed Round
Elsewedy-Masdar-Marubeni wind farm project still in negotiations phase
INVESTMENT WATCH- Elsewedy Electric announced that (pdf) says it still hasn’t gotten the official green light for its plans to build a 500 MW wind farm project in the Gulf of Suez and a 200 MW facility in Ras Ghareb. The project, in which Elsewedy is partnering with Masdar and Marubeni in, is estimated to […]