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Powered by EGP / USD CBE market average: Buy 17.6049 | Sell 17.7041 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Tuesday): 14,342 (+1.0%) Turnover: EGP 1.5 bn (58% above the 90-day average) EGX 30 year-to-date: +16.2% THE MARKET ON TUESDAY: The […]
Author Archives: enterpriseam admin
Posted inCALENDAR
06-07 November (Monday-Tuesday): Crisis Communications Conference, Four Seasons Nile Plaza Hotel, Cairo. 06-09 November (Monday-Thursday): EFG Hermes’ 7th Annual London Conference on 6-9 November, Arsenal’s Emirates Stadium. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 31 October 2017
Trend Micro will be holding a press briefing on The State of the Ransomware Threat in Egypt and will give insights into the Middle East cyber underground today at the Nile Ritz Carlton in Cairo at 11:00 am. Country Manager Noura Hassan and Sales Engineer Manager Ibrahim Youssef will be available for questions. The results […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
US President Donald Trump is expected to announce his choice for chair of the Federal Reserve board on Thursday, a White House official said on Monday, according to Bloomberg. The president is leaning toward picking Federal Reserve Governor Jerome Powell, according to three people familiar with the matter. Other candidates on his shortlist include current […]
Posted inON THE HORIZON
On the horizon
Around 3,000 people from around the world will descend on Sharm El Sheikh on 4-10 November to attend President Abdel Fattah El Sisi’s World Youth Forum, Ahram Gate reports. Various foreign dignitaries, including heads of state and governments, are expected in attendance to discuss the political, economic, and cultural challenges facing today’s youth. EFG Hermes […]
Posted inEnterprise+: Last Night’s Talk Shows
An insipid night on the airwaves: Health insurance is the ‘big lede,’ then we have Maspero, social housing and the Egyptian-Japanese schools (again)
After blessing us with an econ-heavy night on Sunday, the airwaves were mostly insipid last night. The deputy health minister in charge of health insurance, Ali Hegazy, told Hona AlAsema’s Lamees Al Hadidi that the pricing scheme currently in the works for the Universal Healthcare Act will be applied across Egypt, rather than set varying […]
Posted inSpeed Round
EFSA sets one month deadline for companies to IPO after receiving approval
Companies will now have to IPO shares within one month of receiving approval to do so from the Egyptian Financial Supervisory Authority (EFSA), the authority said in a statement on Monday after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from EFSA and submit fair value […]
Posted inSpeed Round
Ibnsina submits IPO paperwork to the EGX
IPO WATCH- Ibnsina Pharma has submitted paperwork to the bourse to begin procedures for its initial public offering, according to a disclosure. The company is looking to offer 25% of its shares on the EGX before the end of 4Q2017, Al Mal says. Ibnsina had tapped Beltone Financial back in July to manage the listing. […]
Posted inSpeed Round
Elaj reportedly buys 74% of Cairo Labs
M&A WATCH- Saudi Arabia’s Elaj Group has reportedly acquired 74% of clinical laboratory group Cairo Labs, sources told Al Mal. The sources said the group paid EGP 36 mn for the stake from shareholder Mohsen Abulghar. Elaj is looking to enter the Egyptian market and increase its footprint in the medical services area.