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Powered by EGP / USD CBE market average: Buy 17.59 | Sell 17.69 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.6 | Sell 17.7 EGX30 (Thursday): 13,892 (+0.6%) Turnover: EGP 1.1 bn (19% above the 90-day average) EGX 30 year-to-date: +12.5% THE MARKET ON THURSDAY: The […]
Author Archives: enterpriseam admin
Posted inCALENDAR
15-16 October (Sunday-Monday): The Marketing Kingdom Cairo 3 conference, Dusit Thani Lakeview Hotel, Cairo. 17 October (Tuesday): The Narrative PR Summit, Four Seasons Nile Plaza, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 October 2017
Investment Minister Sahar flew to Washington, DC, yesterday to attend the IMF and World Bank annual fall meetings, which run until 15 October. Finance Minister Amr El Garhy arrived there on Tuesday with a stacked agenda that includes meetings with IMF officials (among them IMF boss Christine Lagarde), sit-downs with ratings agencies and international banks, […]
Posted inON THE HORIZON
Valavanis to defend WFB welterweight title
Our friend Andre Valavanis, IRO at GB Auto, will be defending his WBF Intercontinental Welterweight title on 21 October against challenger Vladimer Janezashvili. The bout will take place on at the Ace Club in Maadi. Valavanis is sponsored GB Auto in his pursuit to become the first Egyptian World Champion, a shot he is hoping […]
Posted inEnterprise+: Last Night’s Talk Shows
It’s all about the new administrative capital
The inauguration of the first phase of the new administrative capital was front and center on the airwaves last night. On Masaa DMC, Osama Kamal shared his enthusiasm about the project with viewers, saying he expects the new capital to attract significant investment as well as more expats (watch, runtime 7:38). He said there was […]
Posted inSpeed Round
Food manufacturers cry out against regulation for pricing labels
Food manufacturers condemn new regulation requiring prices be printed on product packaging: Food manufacturers were livid yesterday about a snap Supply Ministry decree forcing them to print prices on their packaging or face fines and jail time, arguing it “risks increasing pressure on an industry already squeezed by austerity measures,” Reuters reports. Hani Berzi and […]
Posted inSpeed Round
MOF outlines terms for banks to tender managing new bond issuance
Finance ministry seeks advisors for upcoming bond issuances: The Finance Ministry issued the terms for investment banks interested in managing its next eurobond issuance and will accept applications between the end of the month and early next month, ministry sources told Al Shorouk. BNP Paribas, Citi, JP Morgan, and NATIXIS were joint bookrunners last time […]
Posted inSpeed Round
President El Sisi inaugurates the first phase development of the new capital
President Abdel Fattah El Sisi inaugurated the first phase of the newadministrative capital yesterday. In his speech, El Sisi addressed naysayers, telling the audience that the project would prove that sustainable urban development in the form of new cities would be key to Egypt’s bid to cope with its growing population. Housing Minister Moustafa Madbouly, […]
Posted inSpeed Round
Regional economic growth prospects improve for 2018 -PwC
Egypt delivered a much stronger than expected 2Q2017 growth of 4.9% and “burgeoning central bank reserves could be a lead indicator of higher foreign investment,” according to the PwC Middle East Economy Watch. The story was not similar across the region as a whole, as oil prices remained below expectations. Richard Boxshall, Senior Economist at […]