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Egypt fourth safest country in the Arab world? Egypt ranked fourthin the Arab world and 47th globally in a Gallup poll gauging how safe people feel.Algeria ranked first in the Arab world and Mauritania last. The poll was based on degree of confidence in police forces, how safe people felt walking alone at night, and […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
World Bank supports program to incorporate social accountability in public service projects
The World Bank is leading a new effort to incorporate social accountability in public service projects by applying the Sustainable Rural Sanitation Services Program, which integrates the accountability tool Citizen Report Card. Amal Faltas writes in the World Bank’s MENA blog: “The fact that the instrument is new for the Government of Egypt makes the […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.74 | Sell 17.84 EGP / USD at CIB: Buy 17.75 | Sell 17.85 EGP / USD at NBE: Buy 17.75 | Sell 17.85 EGX30 (Tuesday): 13,638 (-0.2%) Turnover: EGP 732 mn (21% below the 90-day average) EGX 30 year-to-date: +10.5% THE MARKET ON TUESDAY: The EGX 30 […]
Posted inCALENDAR
17 August (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 31 August-04 September (Thursday-Monday): Eid Al-Adha, national holiday (TBC) as specified by the Astronomical and Geophysics Institute. The Thursday is the waqfat Arafat, with the first day of the Eid on Friday, 1 September. September — The House of Representatives is […]
Posted inWhat We’re Tracking
What we’re tracking today — and this week
We have plenty of (largely unexpected) good news this morning on the legislative / regulatory front: The act deregulating the natural gas industry has won presidential approval. The act, published yesterday in the Official Gazette, opens clear roles for the private sector and will see the state transform from the monopoly manager of the distribution […]
Posted inON THE HORIZON
On the horizon
The Ismail cabinet is expected to review the Universal Healthcare Act at the end of themonth, according to a cabinet statement last week. Also: There’s been no update on a proposal — floated by a Health Ministry spokesman live on national television — to impose price caps on private sector healthcare providers. Industry insiders have […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows: Invest Act goes live by end of August, election preps starting, cotton production looking better this year
It was another patchwork night on the airwaves, with the only topics standing out being the cabinet economic group’s approval on the executive regulations to the Investment Act and the passage of National Electoral Commission Act. The Investment Act’s executive regulations should come into effect before the end of August, Investment Minister Sahar Nasr told […]
Posted inSpeed Round
Up to five new IPOs before year-end, new CML -Adel
Three to five medium- to large-sized IPOs are expected on the EGX before the end of the year, the vice-chairman of the EGX told Reuters’ Ihab Farouk in an interview for the wire’s Arabic service. Mohsen Adel says the EGX has plans to attract new listings by adding new “financial instruments including Islamic financing, and […]
Posted inSpeed Round
Electricity Minister to IPO only three companies
Electricity Ministry will take only three state-owned companies to IPO? The Electricity Ministry has decided to reduce the number of new companies it plans to list as part of the state’s program to three from four, sources from the Electricity Holding Company tell Al Borsa. The ministry was initially planning to form four companies: Three […]