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Michael Wolff’s “Fire and Fury: Inside the Trump White House,” which chronicles US President Donald Trump’s first year in office, has become a bestseller, according to Reuters. The book is causing ripples after Trump lashed out against the book and former employees on Twitter — and defended himself as a “very stable genius” after Wolff […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
South African tourist killed in hot air balloon crash in Luxor
A South African tourist was killed and several others were injured in a hot air balloon crash in Luxor on Friday, Reuters reports. The Associated Press also has the story.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.66 | Sell 17.76 EGP / USD at CIB: Buy 17.67 | Sell 17.77 EGP / USD at NBE: Buy 17.66 | Sell 17.76 EGX30 (Thursday): 14,782 (-0.4%) Turnover: EGP 993 mn (8% below the 90-day average) EGX 30 year-to-date: -1.6% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
22-23 January (Monday-Tuesday): Arqaam Capital Egypt Investors Conference 2018, The Vineyard Hotel, Cape Town, South Africa. 25 January (Thursday): 25 January revolution / Police Day, national holiday. 29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, Cairo. 30 January-01 February (Tuesday-Thursday): CI Capital’s MENA Investor Conference, Four Seasons Nile Plaza, Cairo. 05 February (Monday): Egypt’s […]
Posted inWhat We're Tracking Today
What we’re tracking on 04 January 2018
We’re in for a long weekend. Sunday is an official holiday for the public and private sectors in observance of Coptic Christmas, as confirmed by the cabinet and central bank. We’d like to wish everyone a Merry Christmas. We’ll be announcing the results of our end-of-year survey next week. We asked you to help us […]
Posted inON THE HORIZON
On the horizon
The Finance Ministry meets next weeks with the five banks selected to manage the upcoming USD 4 bn eurobond sale, according to Minister Amr El Garhy. The ministry had selected HSBC, Citigroup, JPMorgan Chase & Co, Morgan Stanley, and National Bank of Abu Dhabi to manage the issuance. Al Tamimi & Co. and Dechert LLP […]
Posted inEnterprise+: Last Night’s Talk Shows
Sugar cane prices, the defamation of a good Samaritan, and presidential terms on the airwaves last night.
The nation’s talking heads had much to discuss last night, including the government's price for sugarcane it purchases from local farmers and the apparent defamation of a Good Samaritan. Filling in for Lamees Al Hadidi on Hona Al Asema, Lama Gebril spoke to Farmers’ Syndicate head Hussein Abo Saddam, who said that the price set […]
Posted inSpeed Round
CBE reserves grow to USD 37.02 bn in December
The central bank’s net international reserves grew to USD 37.02 bn at the end of December, the central bank announced yesterday. The reserves figure closed 2017 growing from the USD 36.72 bn recorded in November and from USD 24.27 bn in December 2016, Reuters notes.
Posted inSpeed Round
Finance Ministry to unveil details of state IPO program this month
IPO WATCH- The Finance Ministry will unveil the details of the state IPO program in the second half of January, Vice Minister of Finance Ahmed Kouchouk tells Al Mal. Kouchouk refused to reveal any more details. We had noted last month that senior members of the Ismail Cabinet were pushing for the release the timeline […]