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A consortium of investors is making a mandatory tender offer for the remaining 34% of the Modern Company For Waterproofing (Bitumode), according to a filing by the Egyptian Financial Supervisory Authority (pdf).
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Tourism police banning alcohol consumption on Sahel beaches?
A detachment of the Tourism Police has apparently lost its mind and is reportedly attempting to enforce a ban on alcohol consumption in Sahel, Youm7 reports. The ban supposedly applies to all beaches and establishments except for those with alcohol licenses. We’re not sure if that means you are now running the risk of arrest […]
Posted inON YOUR WAY OUT
Ashraf Sewailam makes New York directorial debut in August
Egyptian bass baritone Ashraf Sewailam is directing Janáček’s The Cunning Little Vixen in in August, his directorial debut in New York City, Ati Metwaly writes for Ahram Online. The production will be performed by dell’Arte Opera Ensemble for five days between 19 and 27 August. “The production is quite abstract in design, and mixes straightforward […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8859 | Sell 17.9859 EGP / USD at CIB: Buy 17.90 | Sell 18.00 EGP / USD at NBE: Buy 17.82 | Sell 17.92 EGX30 (Sunday): 13,816 (-0.1%) Turnover: EGP 607 mn EGX 30 year-to-date: +11.9% THE MARKET ON SUNDAY: The EGX30 index ended Sunday’s session down 0.1%. […]
Posted inCALENDAR
15-19 July (Saturday-Wednesday): SSIGE’s GeoMEast 2017 International Congress and Exhibition, Sharm El Sheikh. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 July 2017
Happy Sunday morning. We hope you had as relaxing a weekend as we did. Depending on how you see things, there are seven more weekends left in summer. Oh, and be ready for a long weekend this coming weekend as we observe the 23 July Revolution a week from today. Sahel or bust, folks, though […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Our friend Andre Valavanis, newly appointed co-head of investor relations at GB Auto, will contest the World Boxing Federation Intercontinental Welterweight Title on Tuesday, 18 July in a WBF championship twin-bill in Cairo. Valavanis, currently the WBF Super Welterweight Champion, will “return to his natural weight class for the vacant WBF welterweight title,” the WBF […]
Posted inON THE HORIZON
On the horizon
French President Emmanuel Macron will visit Egypt in the coming months, Paris’ ambassador to Cairo said in a speech on the occasion of Bastille Day last Friday (runtime 22:29). Ambassador Stéphane Romatet hit all the right notes on security cooperation and noted that France is backing Egypt’s economic reform program. Egypt and Romania are expected […]
Posted inEnterprise+: Last Night’s Talk Shows
Attacks on Hurghada topped coverage on the airwaves
The events of last weekend — particularly the attacks on tourists in Hurghada — left the talking heads with much to discuss. On Kol Youm, Amr Adib spoke to Tourism Minister Yehia Rashed about the murder of two German tourists in Hurghada over the weekend. Rashed said the ministry has been in touch with newsrooms […]