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ON THIS DAY- On this day in 1822: Jean-François Champollion announced he deciphered the Rosetta stone. “What was so helpful, from a translator's perspective, about the Rosetta stone was the fact that the decree was written on the stele three times: in hieroglyphics (the formal communication medium of the priests), Egyptian demotic script (the everyday […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6155 | Sell 17.7155 EGP / USD at CIB: Buy 17.62 | Sell 17.72 EGP / USD at NBE: Buy 17.62 | Sell 17.72 EGX30 (Tuesday): 13,704 (+0.2%) Turnover: EGP 1.3 bn (48% above the 90-day average) EGX 30 year-to-date: +11% THE MARKET ON TUESDAY: The […]
Posted inCALENDAR
25-27 September (Monday-Wednesday): Egypt Downstream Summit and Exhibition, Kempinski Royal Maxim Palace, Cairo. 28 September (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. September — The House of Representatives is due to begin discussion of the proposed bankruptcy bill. 30 September-01 October (Saturday-Sunday): Techne Summit, Bibliotheca Alexandrina, Alexandria. 03 October (Tuesday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 September 2017
** It’s a reasonably quiet news morning here in Egypt and around the world (if you can ignore the North Koreans muttering that they can now shoot down US aircraft because the Trump administration has “declared war”). We’re taking this as a chance to enroll in remedial math classes. We managed calculus and linear algebra […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The central bank’s Monetary Policy Committee meets this Thursday to decide on key interest rates. The meeting will be the MPC’s first since news rolled in earlier this month that our core inflation rate had dropped to 34.86%. We can expect to hear on the new board and management teams of state-owned banks in the […]
Posted inON THE HORIZON
On the horizon
Unified Planning Act should be ready for a cabinet review within 10 days. Also on the cabinet’s plate soon are amendments to a law on the conservation of architectural heritage. The IMF and World Bank will hold their fall meetings from 9-15 October. A large delegation of Egyptian government officials and senior members of the […]
Posted inEnterprise+: Last Night’s Talk Shows
Cloud of indignation looms over airwaves over Mashrou’ Laila concert
The airwaves offered up a variety of topics last night, ranging from President Abdel Fattah El Sisi’s visit to the UAE to the Mashrou’ Leila concert, which had the talking heads wearing out their soap boxes. On Kol Youm, Amr Adib’s coverage of El Sisi’s visit to the UAE was more focused on the health […]
Posted inSpeed Round
Egypt tops MEA countries in offshoring attractiveness -A.T. Kearney
Egypt is the top African and Middle Eastern location for offshoring, according to A.T. Kearney’s Global Services Location Index for 2017 (pdf). Egypt’s ranking improved by two places to 14th. According to the index, Egypt topped the world in terms of its financial attractiveness. The report says Egypt’s decision to float the EGP and the […]
Posted inSpeed Round
Enppi expected to list by 1Q2018, first phase of IPO to take 18-24 months
IPO WATCH- Enppi expected to list by 1Q2018: The IPO of petroleum services outfit Enppi is expected to take place during 1Q2018, Investment Minister Sahar Nasr said yesterday, according to Reuters. The company is set to be the first of a number of state-owned companies to list on the EGX under the government’s IPO program. […]