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Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Apple’s big iPhone reveal is just one day away now. A Sunday leak about the company’s newest iOS and devices said the “most important new phone for years will be called the iPhone X,” according to Bloomberg, picking up on what appears to have been the release by a disgruntled employee of a gold master […]
Posted inON THE HORIZON
On the horizon
Finance Minister Amr El Garhy is heading to Manama on 16 September to participate in Bahrain’s Geo-Economic Conference, which will run for two days, Ahram Gate reports. The conference will focus on the effects of geopolitical and geoeconomic changes on world economies, energy, and trade and business policies. A UK trade delegation headed by trade […]
Posted inEnterprise+: Last Night’s Talk Shows
Inflation, presidential elections top topics on the airwaves
Positive inflation results gets minimum play on the airwaves: After what seemed like years of having ear drums perforated by the talking heads on prices, they now have their drop in inflation. And surprisingly, the news is receiving little airtime, even from Amr Adib (the most vocal one on the corrosive impact of inflation of […]
Posted inSpeed Round
Inflation falls in August, suggestions that it has peaked
Have we hit peak inflation? Annual urban headline inflation stood at 31.9% in August, down from 33.0% a month earlier, according to CAPMAS. The core inflation rate came in at 34.86%, dropping from 35.26% in July. Inflation rates showed a deceleration in food price inflation, although it was still the main driver behind the 1.1% […]
Posted inSpeed Round
CIB looking into establishing a real estate mortgage arm
CIB is mulling whether to enter the real estate mortgage sector through a new subsidiary, a plan that is pending approval by the bank’s board of directors, CEO of Retail Banking Ahmed Issa tells Al Mal. The bank is focusing this year on mortgage financing for lower-income citizens, and may expand its financing at the […]
Posted inSpeed Round
ADM reportedly gets cranky about lack of progress on NCMP transaction
ADM reportedly gets cranky about lack of progress on bidding for National Company for Maize Products: Representatives of Archer Daniels Midland (ADM) held a meeting with Investment Minister Sahar Nasr to discuss delays in receiving regulatory approvals for their bid to acquire National Company for Maize Products (NCMP), sources tell Al Borsa. Nasr reportedly assured […]
Posted inSpeed Round
Education Ministry allows 10 international schools to raise tuition fees beyond the 14% cap this year
The Education Ministry has approved requests by 10 international schools to raise their tuition fees above the 14% cap for the 2017-18 school year, Al Masry Al Youm reports. The ministry approved the increases after the schools provided documents proving they would be generating losses without them. All of them got approval to hike fees […]
Posted inSpeed Round
Company says agriculture quarantine finding poppy seeds in wheat shipment raises questions
Looks a lot like the “new ergot”: It seems strange for Egypt’s agriculture quarantine “to suddenly discover this type of seed for the first time in decades,” Transgrain France, the company responsible for the wheat shipment reportedly containing poppy seeds, said. “Quarantine may have confused the seeds with another type of poppy found in France […]
Posted inSpeed Round
Sports clubs can be listed on the EGX -investment bankers
Sports clubs can now be listed on the EGX under the new Sports Act that allows sportscompanies to be established for profit, EFG Hermes Co-head of Investment Banking Mostafa Gad tells Al Mal. The older Sports Act had counted Sports Clubs as non-profit organizations. Pharos Holding is considering getting in on the game and managing […]