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Why emerging markets value equities are breaking with historic USD sell-off patterns: That emerging markets equities rallied 25.3% just as the USD’s value in trade-weighted terms fell 9.4% this year should not come as a surprise. Yet when we look deeper at the performance of EM value stocks, one notices this pattern collapsing in this […]
Author Archives: enterpriseam admin
Posted inImage of the Day
Skeletons of extinct whales on display at Wadi El Hitan
Xinhua put together a photo essay on Fayoum’s Wadi El Hitan, which hosts “invaluable fossil remains of the earliest, and now extinct, suborder of whales.” The natural reserve area was designated as a UNESCO World Heritage Site in 2005, the newswire notes.
Posted inEGYPT IN THE NEWS
Invasive procedures still tops coverage of Egypt
Alleged state-ordered “invasive forensic examinations” of those arrested atthe Mashrou’ Leila concert on charges of “debauchery” continued to top coverage of Egypt in the foreign press. An Egypt-led bid to reconcile Fatah and Hamas in Gaza moved forward yesterday as officials from the Fatah-led government began filing into Gaza to commence the handover of administrative […]
Posted inWorth watching
The Taa Marbouta women’s economic empowerment campaign
Supporting women’s economic empowerment: Increasing female employment rates to match those of males’ would increase Egypt’s GDP by 34%. That’s why, following President Abdel Fattah El Sisi’s declaration of 2017 as the Year of the Egyptian Woman, the National Council of Women launched an awareness-raising campaign entitled “Taa Marbouta” to promote women’s social, political and […]
Posted inDiplomacy + Foreign Trade
Preparing for El Sisi’s visit to Paris, Haftar’s supporters making a move
Finance Minister meets French trade delegation: Finance Minister Amr El Garhy discussed Egypt’s reform agenda with representatives from the 25 largest French firms doing business in the country, according to a ministry statement. France will continue to invest in Egypt and some 150 French companies currently have total investments of around USD 4 bn, mostly […]
Posted inEnergy
KarmSolar signs USD 23 mn agreement with Dakahlia Group
KarmSolar announced signing a USD 23 mn agreement to build solar stations for Dakahlia Group subsidiaries Dakahlia South Valley Poultry and Dakahlia Wadi El Natroun Agriculture. The agreement will provide the companies with 23.5 MW of energy, equivalent to 75% of their energy needs over 30 years through two stations in Minya and Wadi Natroun. […]
Posted inEnergy
Companies to submit financial offers for Egypt-Saudi interconnection project this month
Companies vying for the Saudi-Egyptian electricity grid interconnection project will be submitting their financial offers at the end of October, unnamed government sources tell Al Borsa. The Egyptian Electricity Transmission Company and Saudi Arabia have assessed technical offers from Alstom, ABB, and Siemens, the sources say. The chosen firm will establish two substations in Badr […]
Posted inEnergy
Solar power companies ask for two-week extension on financial close deadline for FiT projects
Solar power companies that have signed power purchase agreements with the state for projects in Benban, Aswan under the feed-in tariff program have asked the Electricity Ministry for a two-week extension on their financial close deadline, which expires this month, Al Borsa reports. A number of companies had complained in September that infrastructure development for […]
Posted inInfrastructure
EBRD reportedly interested in funding USD 2 bn logistics zone in Six October
The European Bank for Reconstruction and Development (EBRD) has reportedly expressed interest in funding a part of the USD 2 bn Six October logistics zone, Transport Ministry sources tell Al Borsa. The European Investment Bank has apparently also completed a feasibility study on the project, which is expected to be tendered to the private sector […]
Posted inBasic Materials + Commodities
Authorities say no Romanian wheat was sieved, still being unloaded; no preferential terms for British wheat
Authorities will complete unloading the shipment of poppy seed-containing Romanian wheat on Tuesday, a source at the Agriculture Ministry told Reuters. 43k tonnes out of a total of 63k tonnes were unloaded so far, the source noted, and no amounts have been sieved yet. Meanwhile, the entry of British wheat into the Egyptian market will […]