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The UN’s Food and Agriculture Organization (FAO) will launch a mobile app and website to alert small poultry producers about related diseases, such as the avian flu, Tony McDougal writes for Poultry World. The service will launch on 31 July and operate through a system of e-mail, mobile app, and SMS notifications. “It will provide […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Tomb discovered at Valley of the Kings could be Tut’s wife’s
Patron saint of tour guides Zahi Hawass and his team think they might have discovered the long-lost tomb of Tutankhamun's wife Ankhesenamun under Luxor’s Valley of the Kings, Owen Jarus writes for Live Science. "We are sure there is a tomb hidden in that area because I found four foundation deposits," Hawass says. The man […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8826 | Sell 17.9825 EGP / USD at CIB: Buy 17.90 | Sell 18.00 EGP / USD at NBE: Buy 17.82 | Sell 17.92 EGX30 (Wednesday): 13,707 (-0.1%) Turnover: EGP 765 mn EGX 30 year-to-date: +11.0% THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.1%. CIB, […]
Posted inTHE MARKETS YESTERDAY
Egypt economic activity slows in 2Q2017
Financial Conditions Index — Further tightness is underway following July’s interest rate hike: Economic activity in Egypt slowed down in 2Q2017, Pharos Research’s Financial Conditions Index (FCI) reveals. Despite M2 acceleration, real broad liquidity sub-index is expected to reflect more tightened monetary conditions, due to the inflationary shock of a higher fuel and electricity prices, […]
Posted inCALENDAR
23 July (Sunday): Revolution Day, national holiday. 03-05 August (Thursday-Saturday): Watrex Expo Middle East, Cairo International Exhibition & Convention Center. 17 August (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 26 August (Saturday): 27th Egyptian-Jordanian Joint Higher Committee meeting, Amman Jordan. (TBC). 02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC). 13 […]
Posted inWhat We're Tracking Today
What we’re tracking on 19 July 2017
CIB confirmed to Reuters’ Ehab Farouk yesterday it is allowing clients to buy up to USD 2k each month without requiring any proof of travel, but that any additional sums require documentation. Banque Misr is also allowing its clients to buy up to USD 2,000, but caps it there. A source at National Bank of […]
Posted inWhat We're Tracking Today
Is the investor love affair with emerging markets bonds running out of steam?
Is the investor love affair with emerging market bonds running out of steam? Bloomberg’s Lyubov Pronina thinks so, writing that the longest run of inflows in four years is in jeopardy as appetite declines. Net inflows to the asset class fell more than two thirds to USD 200 mn last week, according to research from […]
Posted inWhat We're Tracking Today
Valavanis wins title bout, is the new World Boxing Federation Intercontinental Welterweight Champion
From our friend Andre Valavanis, the newly crowned World Boxing Federation Intercontinental Welterweight Champion, via iMessage immediately after his fight last night: “Just wanted to update you that I won via a third round TKO by forfeit from my opponent and now hold the WBF Intercontinental Welterweight title, improving my record to 9-0 with a […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Sunday is Revolution Day, and that means it’s a three-day weekend coming up. That’s the only prize we got our eye on this week