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ON THIS DAY- The deadliest terrorist attack in US history happened on this day in 2001. Two hijacked planes hit the north and south towers of the World Trade Center in New York City within 18 minutes of one another, with a third plane crashing into the Pentagon, and a fourth into an empty field. […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6101 | Sell 17.7101 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Sunday): 13,455 (+0.2%) Turnover: EGP 960 mn (7% above the 90-day average) EGX 30 year-to-date: +9.0% THE MARKET ON SUNDAY: The […]
Posted inCALENDAR
11 September (Monday): Japanese Foreign Minister Taro Kono is scheduled to visit Cairo to participate in the Arab-Japanese dialogue session at the Arab League, according to a Foreign Ministry statement. 13 September (Wednesday): Pharos Holding’s Egypt Banking Day event. 13 September (Wednesday): EIB MED Conference: Boosting investments in the Mediterranean Region, Cairo. 13-15 September (Wednesday-Friday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 10 September 2017
Keda bardo, ya Amreeka? Alabama 3’s song “Woke Up This Morning” (the opening theme of the Sopranos) came to mind Friday morning when we heard the US Senate’s Foreign Aid Appropriations Committee approved withholding 25% of the USD 1 bn in military and economic aid to Egypt in FY2018. A positive note has to be […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Pharos Holding is hosting its “Egypt Banking Day” event on Wednesday, 13 September to highlight developments in the banking sector domestically. The event aims to provide insight on the banking sector through one-on-one meetings, as well as to foster closer relationships and open communications between the banks and investors. Egypt Banking Day will focus on […]
Posted inEnterprise+: Last Night’s Talk Shows
Full lineup of talking heads are back
After a monthlong break, the full lineup of well-rested talking heads are back in their regular slots. We can’t believe we’re saying this, but we actually missed Amr Adib’s antics, and Lamees El Hadidy adds a soupçon of intelligence to discussion of business and the economy on the airwaves. Last night, Qatar and a decision […]
Posted inSpeed Round
US Senate appropriations committee withholds military, economic aid to Egypt
The US Senate’s Foreign Aid Appropriations Committee approved withholding militaryand economic aid to Egypt in FY2018, according to a copy of the bill published on the committee’s website (pdf). (The meat starts on page 185.) The bill stipulates withholding 25% of the USD 1 bn in military assistance given to Egypt and would see the […]
Posted inSpeed Round
Egypt blocks HRW website
Egypt blocks HRW website: Egypt added the website for Human Rights Watch to its growing list of blocked websites on Friday, one day after the organization issued a report about “systematic torture in the country’s jails,” Reuters reports. Egypt’s Foreign Ministry responded to the report, which claims torture is widespread and could be classified as […]
Posted inSpeed Round
Chinese companies announced planned investment in Egypt
INVESTMENT WATCH- The fruits of President Abdel Fattah El Sisi’s China trip continue with the announcement of multiple new investments by Chinese corporations. These largely came on the back of Trade and Industry Minister Tarek Kabil staying put for talks after El Sisi left China for Vietnam last week after signing a number of multi-bn […]