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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 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 4 October 2017
The EGX ended yesterday a six-day bull run that saw it hit an all-time high of 14,100 points on Monday. The EGX30 slipped 0.5% to close at 13,931 yesterday, according to Reuters. The 2017 Nobel Prize in Physics was awarded yesterday to Rainer Weiss jointly with Barry C. Barish and Kip S. Thorne for their […]
Posted inON THE HORIZON
On the horizon
An IMF delegation will be arriving at the end of the month to conduct the second review of the economic reform program, said Vice Minister of Finance Ahmed Kouchouk, according to Al Mal. The IMF and World Bank fall meetings will kick off on 9-15 October in Washington, DC. A large delegation of Egyptian government […]
Posted inEnterprise+: Last Night’s Talk Shows
Hamas’ Ismail Haniyeh goes on Egyptian PR offensive
Egypt’s bid to drive reconciliation between Hamas and Fatah was the only real story of note on the airwaves last night as talk show hosts limped into a three-day weekend. Hona Al Asema’s Lamees El Hadidy spoke to Hamas’ Ismail Haniyeh in Gaza. The faction leader told the host that issues, such as Gaza’s power […]
Posted inSpeed Round
USD bonds to be issued in Jan-Feb, EUR bonds later -El Garhy
Here’s the plan on the next eurobond issuance: The government is planning to issue USD-denominated eurobonds between January and February 2018, followed by a EUR-denominated issue later, Finance Minister Amr El Garhy said, according to Reuters. El Garhy says the USD-denominated issue will be worth EUR 3-4 bn and the EUR-denominated bond around EUR 1-1.5 […]
Posted inSpeed Round
Business confidence at 15-month high, but PMI hits three-month low
Companies in Egypt are strongly optimistic about their growth prospects, according to September’s reading of the Emirates NBD PMI compiled by Markit. The index overall slipped to 47.4, a three-month low, because of reductions in new orders and output and accelerated job losses. A potentially worrying sign is that new export orders declined for the […]
Posted inSpeed Round
CBE raises required reserve on local currency deposits to 14%
CBE raises required reserve on local currency deposits to 14%: The central bank will raise the required reserve ratio on local currency deposits for domestic banks to 14% from 10% as of 10 October, a statement picked up by Reuters says. The bank said it was an “appropriate” time to bring the ratio back to […]
Posted inSpeed Round
MPs elect new heads of parliamentary committees
These are the people who will be moving the Ismail government’s business agenda through the House of Representatives this fall: The House of Representatives elected the chairs of some 25 standing committees yesterday, Al Shorouk reports. Rep. Amr Ghallab from the pro-government Support Egypt Coalition — the largest political bloc in parliament — held onto […]
Posted inSpeed Round
MTI acquires 60% of Bee
M&A WATCH- BPE Partners and MTI acquire Bee: BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn along with the company announced in a statement on Tuesday. The transaction was executed through Ebtikar for Financial Investment, […]