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ON THIS DAY- On this day in 1801, forces of the French Campaign in Egypt, led at the time by Jacques-François Menou, was permitted to evacuate after being defeated by British forces. In 1967, the Soviet Union announced it had successfully sent a space probe, the Venera 4, into the atmosphere of the planet Venus […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.5965 | Sell 17.6965 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Tuesday): 13,525 (0.00%) Turnover: EGP 1.2 bn (30% above the 90-day average) EGX 30 year-to-date: +9.6% THE MARKET ON TUESDAY: The […]
Posted inCALENDAR
18-19 October (Wednesday-Thursday): Middle East Info Security Summit, Sofitel El Gezirah, Cairo. 18-20 October (Wednesday-Friday): AfriLabs annual gathering with the theme “Future of Cities: Innovation, Spaces and Collaboration,” The French University, Cairo. Register here. 21 October (Saturday): The African Leadership Academy will hold its “Beyond Education” seminar on university readiness and the future of leadership […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 October 2017
The EGX30 got slammed yesterday, retreating 2.7% on a volumes that were about 52% above the trailing 90-day average — and underperforming on the regional and global fronts. The selling pressure came in the way of foreign institutions, which looked as though they were locking in profits after a good run and a clear resistance […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Irrigation Minister in Addis Ababa to take part in GERD technical studies ministerial meeting: Irrigation Minister Mohamed Abdel Aty flew to Ethiopia on Sunday ahead of the tripartite ministerial meeting on the technical studies of the Grand Ethiopian Renaissance Dam scheduled to take place on Wednesday, Ahram Online reports. Abdel Aty will also be visiting […]
Posted inEnterprise+: Last Night’s Talk Shows
Militant attack on NBE branch in North Sinai tops talking heads’ agendas
A raid on a National Bank of Egypt (NBE) branch in North Sinai’s Al Arish, likely by terrorists,played out heavily on the airwaves last night, as did widespread debate about [redacted] harassment and “debauchery.” The background on the Sinai bank raid: Seven people were reported killed in North Sinai’s Al Arish yesterday when terrorists launched […]
Posted inSpeed Round
2018 will be a busy IPO year in Egypt -Bloomberg
We’re heading into a busy IPO season: The EGX is “shaping up to be the Middle East’s hot spot for initial public offerings next year,” Tamim Elyan and Filipe Pacheco write for Bloomberg. At least six companies are planning to IPO in 2018, up from an average of three a year in the past three […]
Posted inSpeed Round
EAEF, other investor bidding for a “major stake” in HyperOne -source
M&A WATCH- Retailer HyperOne has reportedly received two separate bids from investors looking to acquire a controlling stake, sources tell Al Mal. The sources say one of the bids is from the Egyptian American Enterprise Fund and the other is from “a foreign investment company” entering Egypt for the first time. Al Mal says HyperOne […]
Posted inSpeed Round
13 Egyptian startups on Forbes ME’s top 100 Arab Startups list
13 Egyptian startups were listed in Forbes Middle East’s Top 100 Startups of the Arab World 2017, with clinic and physician booking platform Vezeeta leading the pack at fifth place. Instabug, an app that reports bugs on more than 12,000 apps and was a graduate of Flat6Labs and Y Combinator, came in at 40. The […]