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13-15 July (Thursday-Saturday): AGRENA’s 19th Annual Poultry, Livestock, and Fish show, Cairo International Convention Center, Cairo. 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 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 9 July 2017
By now, you must have heard that the Central Bank’s Monetary Policy committee raised interest rates another 200 bps last Thursday. The move has caused quite a bit of consternation among the private sector, not unlike last May’s interest rate hike (we have more in the Speed Round). We will be keeping an eye on […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
A delegation from Poland’s Pomeranian Special Economic Zone (PSEZ) will be in Egypt for a four-day visit to discuss establishing an industrial zone in the Suez Canal Economic Zone (SCZone), Al Shorouk reports. Delegation members are set to meet with Trade and Industry Minister Tarek Kabil and Suez Canal Economic Zone chairman Mohab Mamish. The […]
Posted inON THE HORIZON
On the horizon
The Executive Regulations for the recently-passed Natural Gas Act will be completed by September, Petroleum Minister Tarek El Molla told the press on Thursday, according to AMAY. The legislation, which passed the House of Representatives last Wednesday, is expected to deregulate the natural gas industry, allowing private sector participation and limiting the state’s role to […]
Posted inEnterprise+: Last Night’s Talk Shows
Interest rate hikes and new electricity tariffs dominate the debate
As expected, the CBE’s decision to hike interest rates by 200 bps last Thursday and the increase in electricity prices were the main topics of debate on the airwaves last night. Hona Al Asema’s Lamees Al Hadidi moderated a debate on the interest rate hike between veteran economist Hany Genena and Union Capital Executive Chairman […]
Posted inSpeed Round
CBE raises interest rates 200 bps
The CBE’s Monetary Policy Committee decided to raise interest rates by another 200 bps in its meeting last Thursday, marking the third such interest rate hike since the EGP float and a 700 bps increase in borrowing costs since then. The overnight deposit rate was raised to 18.75% from 16.75%, while the overnight lending rate […]
Posted inSpeed Round
CBE denies it had a hand in EGP’s appreciation
CBE denies it had a hand in EGP’s appreciation: CBE Governor Tarek Amer assured President Abdel Fattah El Sisi that the CBE had no hand in the EGP’s appreciation of around 1.3% last week in a meeting on Saturday. He told the president that market forces were entirely behind the strengthening of the currency — […]
Posted inSpeed Round
Government announces new electricity prices
The Electricity Ministry raised the price of electricity by around 42% for household consumers last Thursday, according to Reuters. The move, which follows an increase to the prices of fuel last week, removes subsidies entirely for the highest-tier consumers. The new prices for household consumers per month are broken down as follows: The 0-50 KW […]
Posted inSpeed Round
Metro and railway ticket prices to rise by 4Q2018
Metro and railway ticket prices to rise by 4Q18: The price of Metro tickets will increase to a range of EGP 2-4 by 4Q18 depending on the distance traveled on each line, up from a set EGP 2 regardless of distance traveled, Transport Minister Hisham Arafat tells AMAY in an interview. The prices of railway […]