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EGP / USD CBE market average: Buy 17.5997 | Sell 17.6988 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Wednesday): 14,205 (+1.1%) Turnover: EGP 1.6 bn (64% above the 90-day average) EGX 30 year-to-date: +15.1% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
06-09 November (Monday-Thursday): EFG Hermes’ 7th Annual London Conference on 6-9 November, Arsenal’s Emirates Stadium. 10 November (Friday): The SODIC annual Charity Run, SODIC West, Cairo. 14 November (Tuesday): SEMED Business Forum: Investing for Sustainable Growth, Conrad Hotel, Cairo. 16 November (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 19-21 November […]
Posted inWhat We're Tracking Today
What we’re tracking on 08 November 2017
As it was yesterday, we’re looking at another day in which the global business and political elite are squarely focused on developments in Saudi Arabia in the wake of Crown Prince Mohamed bin Salman’s crackdown on corruption: Oil prices rose yesterday to their highest level in two years on tensions in KSA, with Brent crude […]
Posted inWhat We're Tracking Today
Another Egyptian used to head ICANN
One more thing: A number of our friends and readers got in touch yesterday to tell us that Cherine Chalaby is not the first Egyptian to run the Internet Corporation for Assigned Names and Numbers (ICANN). Fadi Chehadé, ICANN’s previous president, was born in Beirut to Egyptian parents and is active in the Egyptian-American community […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Get your running shoes ready: Our good friends at SODIC are hosting their annual Charity Run this coming Friday at 7:45 am in SODIC West. This year, SODIC is teaming up with Cairo Runners to support the Magdi Yacoub Heart Foundation. It’s the third time SODIC and Cairo Runners have supported a cause together. The […]
Posted inEnterprise+: Last Night’s Talk Shows
Investments at the World Youth Forum and econ friendly topics
The airwaves served up continued coverage of the World Youth Forum in Sharm El Sheikh and the investment agreements that were signed on the forum’s sidelines yesterday on an economics-heavy night. Investment Minister Sahar Nasr told Al Hayah Al Youm’s Tamer Amin that the government has raised its foreign direct investment target for FY2017-18 to […]
Posted inSpeed Round
Suez Canal Authority signs six MoUs for projects worth a combined USD 40 mn at WYF
INVESTMENT WATCH- The Suez Canal Authority signed six MoUs for projects worth a combined USD 40 bn at the World Economic Youth Forum yesterday, Youm7 reports. DP World is expected develop USD 5.6 bn in infrastructure over a 96k sqm area in Ain Sokhna, sources tell Al Mal. The port operator had signed a preliminary […]
Posted inSpeed Round
EBRD sees FY2017-18 growth in Egypt hitting 4.5%
The European Bank for Reconstruction and Development expects Egypt’s economy to grow by 4.5% in FY2017-18, up from 4.1% in FY2016-17, in its Regional Economic Prospects report. For the EBRD’s southern and eastern Mediterranean (SEMED) region, the report expects an overall growth of 3.8% in 2017 and 4% in 2018, “supported by reform implementation and […]
Posted inSpeed Round
FRA approves Cairo 3A’s bid for NCMP, rejects rival offer from ADM; NCMP valued at EGP 1.33 bn
M&A WATCH- The Financial Regulatory Authority (FRA, formerly EFSA) has approved Cairo 3A’s mandatory tender offer to acquire 100% of the shares of the National Company for Maize Products (NCMP) at EGP 45 per share, according to a bourse statement. FRA also rejected an EGP 35.56 per share bid presented by ADM International SARL, a […]