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EGP / USD CBE market average: Buy 17.7544 | Sell 17.8544 EGP / USD at CIB: Buy 17.75 | Sell 17.85 EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Monday): 14,427 (+0.1%) Turnover: EGP 967 mn (7% below the 90-day average) EGX 30 year-to-date: +16.9% THE MARKET ON MONDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
15 December (Friday): The Law Magazine’s Law Talks event, Zamalek palace, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 December 2017
Russian President Vladimir Putin arrives today to discuss a host of issues with President Abdel Fattah El Sisi, chief amongst which are the signing of the Dabaa nuclear power plant contracts and the resumption of direct flights between Moscow and Cairo. Also on the agenda are potential arms sales. We have confirmation from Ittihadiya that […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Adventurer and entrepreneur Omar Samra and triathlete Omar Nour will begin their epic 5,000 km journey across the Atlantic ocean on nothing but a rowboat tomorrow. We wish them all them best on a feat that has been accomplished fewer times than humans have gone into space. CFLD’s new capital contract should be clear this […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads busy themselves with Dabaa contract signing, inflation rates, and the latest on Jerusalem
The talking heads busied themselves with a variety of topics last night, ranging from the expected signing of the Dabaa contracts today to the drop in the country’s annual inflation rate. President Abdel Fattah El Sisi and Russian President Vladimir Putin will be signing an accord today that will signal the start of the Dabaa […]
Posted inSpeed Round
Annual inflation rate drops to 26% in November
Urban consumer price inflation dropped to 26% in November, down from 30.8% a year ago. On a monthly basis, the inflation rate dropped to 1% in November, from 1.1% in October, according to state statistics bureau CAPMAS. Finance Minister Amr El Garhy says the inflation rate is set to drop to 20% in January and […]
Posted inSpeed Round
Egypt’s BoP records a surplus of USD 5.1 bn
More good news a year on from the EGP float as Egypt’s balance of payments recorded a surplus of USD 5.1 bn during 1Q2017-18, an improvement from a surplus of USD 1.9 bn in the same period of the previous fiscal year, according to a CBE report (pdf) out yesterday. This came on the back […]
Posted inSpeed Round
Gas from Zohr to be tested within days -El Molla
Also set to help on the balance of payments front: The Oil Ministry will begin test production from the Zohr natural gas field “in the coming few days,” according to a ministry statement carried by Bloomberg. “Authorities are pumping gas from the national distribution system to test pipelines in preparation for trial production from the […]
Posted inSpeed Round
Edita enters Morocco in JV with leading Moroccan distributor
INVESTMENT WATCH- Todo and the gang are going to Morocco: Edita, the nation’s largest producer of packaged snack food, announced (pdf) it will directly enter the Moroccan snack food market through a greenfield investment with Morocco’s Dislog Group, a leading Moroccan distributor for top multinational brands. Edita signed an MoU with Dislog to form a […]