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EGP / USD CBE market average: Buy 17.7613 | Sell 17.8613 EGP / USD at CIB: Buy 17.77 | Sell 17.87 EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Thursday): 14,680 (+0.2%) Turnover: EGP 1.8 bn (69% above the 90-day average) EGX 30 year-to-date: +18.9% THE MARKET ON THURSDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
19 December (Tuesday): Village Capital’s Financial Health Competition: Middle East and Egypt (applications close 3 November) 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 14 December 2018
AUC will graduate its Fall 2017 cycle from the AUC Venture Lab FinTech Accelerator today at the New Cairo Campus. The program is sponsored by our friends at CIB. AUC and CIB partnered last year to open the AUC Venture Lab Fintech program to help support startups in the sector. Prime Minister Sherif Ismail will […]
Posted inON THE HORIZON
On the horizon
US Vice President Mike Pence is expected to arrive in Egypt next week amid ongoing (if relatively muted) opposition from regional governments to President Trump’s decision to move the US embassy in Israel to Jerusalem. Pence is expected to meet with President Abdel Fattah El Sisi, but Egypt’s most prominent and senior religious figures, including […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night's Talk Shows on 14 December 2017
It was another humdrum evening on the airwaves, particularly with talk show power couple Lamees Al Hadidi and Amr Adib both taking the night off. Oil Minister Tarek El Molla told Al Hayah Al Youm’s Tamer Amin that the exact date for bringing the Zohr gas field online is not yet set and depends entirely […]
Posted inSpeed Round
EBRD to invest EUR 1 bn in Egypt in 2018
INVESTMENT WATCH- The European Bank for Reconstruction and Development (EBRD) could invest as much as EUR 1 bn in Egypt next year, the bank’s Managing Director for Equity Hassan El Khatib said, according to Al Borsa. The EBRD invested EUR 1.2 bn this year in development and solar energy projects as well as financing to […]
Posted inSpeed Round
Aviation Minister in Moscow to sign security agreement ahead of restoration of direct Moscow-Cairo flights
Aviation Minister in Moscow to sign security agreement ahead of restoration of direct flights to Egypt: Civil Aviation Minister Sherif Fathy is reportedly heading a delegation to Moscow today to sign an aviation security protocol with his Russian counterpart, Maksim Sokolov, that should pave the way for the restoration of direct flights to Cairo from […]
Posted inSpeed Round
Egypt, Greece among the biggest destinations for German travelers in 2017
Egypt and Greece were “the clear winners” of the German travel market in 2017, German Travel Association President Norbert Fiebig said, according to tourism portal FVW. “Tour operator sales for holidays in Egypt increased by 55% this year, although on the basis of a weak previous year,” and winter bookings are showing that “Egypt is […]
Posted inSpeed Round
Sarwa closes EGP 1.15 bn securitization bond issue, has EGP 500 mn issue in the pipeline
Sarwa Capital announced that Sarwa Securitization has closed an EGP 1.15 bn issue of securitization bonds. The bonds are backed by the portfolios of Contact Auto Credit and its affiliate companies. “The bonds consist of three tranches with tenors of 1, 3 and 5 years and received high ratings of ‘AA+,’ ‘AA,’ and ‘A’ respectively […]