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Autocracy is not the motivator behind terrorism in Egypt unlike some claim, Steven A. Cook argues in The Atlantic. There is a straightforward reason behind attacks similar to the one on Rawda mosque, he says: “The perpetrators are adherents of a worldview that views violence as the principal means of purifying what they believe to […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Other stories worth noting in brief
Other international headlines worth noting in brief include: Human Rights Watch, Reporters Without Borders and Amnesty International all issued statements marking the one-year anniversary of the arrest of Al Jazeera journalist Mahmoud Hussein. Supporters of Abdel Fattah El Sisi announced on Sunday that they have collected more than 12 mn signatures from people urging him […]
Posted inWorth watching
Fabrica sings Christmas songs on Abla Fahita
Season’s greetings from a former member of the Enterprise team: Our former team member, Hana, was singing Christmas songs (with an Egyptian twist) on national TV over the weekend. The band, Fabrica, was featured on CBC’s show Abla Fahita’s El Duplex were they sang a number of medleys. Fabrica says it aims to develop “the […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.7732 | Sell 17.8732EGP / USD at CIB: Buy 17.79 | Sell 17.89EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Monday): 14,843 (+0.4%) Turnover: EGP 600 mn (xx% BELOW / ABOVE the 90-day average) EGX 30 year-to-date: +20.2% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 December 2017
Trump creepily threatens to withhold aid from countries who vote today to condemn Jerusalem move: US President Biff Tan..sorry..Donald Trump threatened nations that he might withhold potentially bns in foreign aid if they vote today on a resolution drafted by Egypt to condemn his decision to move the US embassy in Israel to Jerusalem. Trump […]
Posted inWhat We're Tracking Today
** Take our end-of-year survey — get a bag of Enterprise-branded coffee and cool mugs from which to drink it: It’s that time of the year again — we want you to help us gauge how well business went during the year. What are the biggest challenges you faced during the year? Where will the […]
Posted inON THE HORIZON
On the horizon
The central bank will meet a week from today to consider interest rates. The emerging consensus seems to be that the 28 December meeting of the Monetary Policy Committee won’t see interest rates cut after a surprise month-on-month surge in inflation in November.
Posted inEnterprise+: Last Night’s Talk Shows
IMF’s approval of USD 2 bn tranche disbursal, UN General Assembly vote on Jerusalem top talking heads’ agendas
The two most notable issues on the airwaves were the IMF approving the disbursal of another USD 2 bn tranche (we have chapter and verse in Speed Round, below) and the UN General Assembly’s scheduled vote on the Egypt-drafted resolution on Jerusalem. The IMF’s praise of Egypt’s fiscal reforms and the strength of its banking […]