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Powered by EGP / USD CBE market average: Buy 17.5987 | Sell 17.6985 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Wednesday): 13,901 (-0.2%) Turnover: EGP 989 mn (6% above the 90-day average) EGX 30 year-to-date: +12.6% THE MARKET ON WEDNESDAY: The […]
Author Archives: enterpriseam admin
Posted inCALENDAR
23-27 October (Monday-Friday): 29th Business and Professional Women International Congress themed “Making a Difference through Leadership and Action,” Mena House Hotel, Cairo. Register here. 31 October (Tuesday): The State of Ransomware Threat in Egypt& Insights into the Middle East Cyber Underground press briefing by Trend Micro, Nile Ritz Carlton, Cairo. 06-07 November (Monday-Tuesday): Crisis Communications […]
Posted inWhat We're Tracking Today
What we’re tracking on 25 October 2017
President Abdel Fattah El Sisi wraps up his three-day visit to Paris today. El Sisi is expected to sign a number of MoUs with French President Emmanuel Macron that should see both countries cooperate in a number of areas, including renewable energy, transport, and culture. We have a full rundown on yesterday’s meetings in Speed […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The executive regulations to the Investment Act will be issued “within two days,” Amr Adib claims Prime Minister Sherif Ismail told him in a private phone call. The host made the remarks on last night’s Kol Youm (watch, runtime 1:09). A delegation from the World Trade Organization is in town to discuss a draft of […]
Posted inEnterprise+: Last Night’s Talk Shows
Tax the rich, says Amr Adib
Our daily roundup of Last Night’s Talk Shows is on hiatus for the rest of the week, but will return on Sunday, 29 October. One thing we could not miss out on sharing with you all: On last night’s Kol Youm, Amr Adib’s suggested imposing a tax on anyone earning more than EGP 1 mn […]
Posted inSpeed Round
Saudi Arabia plans 26k sqm economic zone with Egypt and Jordan
Saudi Arabia plans 26k sqm economic zone with Egypt and Jordan, models it on Westworld as MbS plans to Out-Dubai Dubai: Saudi Arabia is constructing a 26,000 sq km new economic zone, called Neom, in which it sees that robots might one day outnumber humans. The USD 500 bn creation will run along 486 km […]
Posted inSpeed Round
Big infrastructure wins for China: BYD claims to have won monorail contract in Alex, Sinohydro to build USD 1.99 bn refinery in Ain Sokhna
Big infrastructure wins for Chinese companies in Egypt. Two Chinese contractors claim to have won contracts to build megaprojects in Egypt. BYD will build a monorail transit system in Alexandria, Global Times reports. The project, for which BYD says it has inked an agreement with the “government of Alexandria,” will include the construction of a […]
Posted inSpeed Round
Private sector to get in on railways in 2018
Private sector to get in on railways in 2018 under proposed legislation: Amendments to the Railway Act that would open up the sector to private companies are expected to be introduced in the House of Representatives next month, said Transport Minister Hisham Arafat. He expects the legislation, which the Council of State will complete reviewing […]
Posted inSpeed Round
Edita commissions line two at E08 factory, launches packaged donuts
Egypt’s largest snackfood maker launches packaged donuts as it commissions second line at new factory: Edita Food Industries announced the commissioning (pdf) of the second line at its new E08 factory in Sixth of October’s Polaris Al-Zamil district. The first product off the line will be a TODO-branded donut. Edita says the E08 facility is […]