28 December (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, 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 […]
Author Archives: enterpriseam admin
What we’re tracking on 27 December 2017
The countdown for the New Year has officially started. With only a handful of days left in 2017, we’re running shorter issues this week and returning to our regularly scheduled programing on Tuesday, 2 January. Until then, we can expect to see more military and police presence on the streets, especially around houses of worship […]
What we’re tracking this week
The Central Bank of Egypt’s Monetary Policy Committee will meet tomorrow to review key interest rates. The emerging consensus seems to be that the meeting won’t see interest rates cut after a surprise m-o-m surge in inflation in November.
Amr Adib jumps to Sudan defense
We’re scaling our talk shows coverage back this week and coming back into full swing once it’s officially 2018. We couldn’t hold ourselves back from this one though, as Kol Youm’s Amr Adib was, for once, the voice of sanity, preaching last night against overblown conspiracy theories, which he urged Egyptians to ditch when looking […]
Foreigners invested EGP 7.4 bn in the EGX in 2017
Foreigners invested a net amount of EGP 7.4 bn (USD 414 mn) in the Egyptian stock market in 2017, according to Reuters. Since the EGP float in November 2016, foreigners have injected EGP 13 bn into the EGX. The EGX30 has increased 19% this year and “annual trading has exceeded EGP 292 bn,” EGX Chairman […]
14 real estate, tourism companies gearing up to IPO in 2018 -Farid
IPO WATCH- Some 14 real estate and tourism companies are preparing to offer shares on the bourse next year, EGX Chairman Mohamed Farid told the press yesterday, Al Borsa reports. The 14 IPO contenders are subsidiaries of eight larger companies, according to Farid, who added that another six companies in the financial and petrochemicals industries […]
Al Ahram considers listing 25% of its shares
IPO WATCH- The state-owned Al Ahram is planning to list 25% of its shares on the EGX as part of its restructuring plan, Chairman Abdel Mohsen Salama said yesterday, Al Mal reports. The initial public offering, the timeline for which Salama doesn’t provide, is expected to generate around EGP 25 bn in proceeds, as the […]
El Sewedy signs EGP 477 mn transformer station contract
A subsidiary of El Sewedy Electric signed an EGP 477 mn contract with the New Urban Communities Authority to construct the Badr City power transformers station, according to a bourse disclosure. The project will be developed over 12 months.
Longreen Capital looking to invest EGP 300-400 mn in two years
INVESTMENT WATCH- Longreen Capital Advisors is planning to invest EGP 300-400 mn in Egypt over the next two years, Founding Partner Ahmed Farouk tells Al Borsa. Longreen plans to close two or three agreements within that time period in the food and beverage, retail, export, and production sectors, according to Farouk. The firm had announced […]