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ON THIS DAY- On this day in 1810, the first Oktoberfest was celebrated in Munich, Germany The festival was celebrated first in the form of a horse race held in honour of the marriage of the crown prince of Bavaria, who later became King Louis I, to Princess Therese von Sachsen-Hildburghausen. In 1492, Christopher Columbus […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.5915 | Sell 17.6915 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Wednesday): 13,816 (-0.1%) Turnover: EGP 1.4 bn (51% above the 90-day average) EGX 30 year-to-date: +12.0% THE MARKET ON WEDNESDAY: The […]
Posted inCALENDAR
11-12 October (Wednesday-Thursday): 2030 Mega Projects Conference, Nefertiti Hall, Cairo International Convention Center, Cairo. 11-13 October (Wednesday-Friday): Middle East and Africa Rail Show, Cairo International Convention Center, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 October 2017
The relatively quiet news week continues this morning. Today’s biggest story: Monthly core inflation cooled last month to its lowest level since September 2015, as we note in Speed Round, below. Most of you will roll your eyes when we write this, but: This doesn’t mean that prices are falling or are about to decline […]
Posted inON THE HORIZON
On the horizon
Our friends at AmCham and EFG Hermes will host a special lunch in New York for Investment Minister Sahar Nasr and Finance Minister Amr El Garhy on Tuesday, 16 October. The gathering will feature keynotes from both ministers, according to a statement (pdf). In addition to EFG Hermes boss Karim Awad, you can expect to […]
Posted inEnterprise+: Last Night’s Talk Shows
ACA law amendments, UNESCO elections, and Palestinian unity talks in Cairo
It was a slow night on the airwaves. On Hona Al Asema, Lamees Al Hadidi discussed the passage of amendments that give the Administrative Control Authority more independence. House Legislative Committee member Sami Radwan did talking-head duty. (watch, runtime 11:18). Lamees then continued her coverage of the UNESCO elections, speaking to Egypt’s candidate, Moushira Khattab, […]
Posted inSpeed Round
Headline inflation drops to 31.59% in September, monthly core rate at its lowest since 2015
Monthly urban core inflation has recorded its lowest level since December 2015, registering 0.19% in September, according to central bank data. Headline inflation also slowed down to 1.00% m-o-m. On an annual basis, the headline rate dropped to 31.59% (down from 31.95% in August), with core inflation falling to 33.26% (from 34.86% in August). Explaining […]
Posted inSpeed Round
Supply Ministry issues directive forcing food manufacturers to print prices on their packaging
Expect war with manufacturers after snap decree orders food producers to print retail prices on packaging: Supply Minister Ali El Moselhy issued a decree on Tuesday that will force food producers to print “clear” price labels on their packages, Ahram Online reports, citing the state news agency. The decision, which was published in the Official […]
Posted inSpeed Round
BNP Paribas says Cairo trip reaffirms positive outlook on Egyptian economy
A recent visit to Cairo by BNP Paribas reps reaffirmed the bank’s “positive outlook on the Egyptian economy, whilst highlighted the key challenge of competitiveness in the medium term,” according to trip notes sent to Enterprise (pdf). “Ongoing reforms (monetary and fiscal) have put the Egyptian economy on the right track. Nevertheless, the medium-term prospects […]