Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Prosecutor General Nabil Sadek referred 41 suspects yesterday to a criminal court for suspected involvement in an organ trafficking network, Ahram Online reports. The individuals, who were arrested in December, are accused of performing illegal transplants from 2011-2016 that resulted in at least one death and several disabilities. The charges against them include dereliction of […]
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8447 | Sell 17.9438 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.84 | Sell 17.94 EGX30 (Tuesday): 13,335 (-0.7%) Turnover: EGP 721.7 mn (34% below the 90-day average) EGX 30 year-to-date: +8.0% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
06 July (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 5 July 2017
House to vote on new budget today: The House of Representatives is expected to make its final vote on the state’s FY2017-18 budget in a plenary session today, Al Borsa reports. The body had already approved the budget late last month, but the legislation needed a final approval from the Egyptian Council of State before […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Nine out of 10 economists polled by Reuters believe that it is unlikely that the Central Bank Monetary Policy Committee will move to raise interest rates at its meeting this Thursday, despite anticipating a rise in inflation over the coming months as a result of last Thursday’s fuel hikes. "We expect the CBE not to […]
Posted inON THE HORIZON
On the horizon
Enterprise staff suffer an acute case of Dabaa-fatigue: We would be remiss if we didn’t have at least one update on the mythical phantom nuclear power plant that is Dabaa.Last we heard the contracts — having been ironed out with the Russians — are being inspected by the Egyptian Council of State before sending them […]
Posted inEnterprise+: Last Night’s Talk Shows
Economic issues, including exchange rate and price hikes, dominate the debate
Inflation and a resurgent EGP were in the limelight on the airwaves last night. The strengthening of the EGP can be attributed to an influx of foreign currency at the banks, thanks to increased remittances, revenues from international bond sales, as well as a rise in exports and foreign direct investments, National Bank of Egypt […]
Posted inSpeed Round
Fitch says Egypt Banks' FX liquidity to improve as transfer cap ends
Fitch says Egypt Banks' FX liquidity to improve as transfer cap ends: Egypt's removal of FX transfer limits will help to restore confidence in the economy and attract foreign investments, increasing the availability of FC and helping banks provide more lending needed by FC borrowers, particularly importers, Fitch Ratings says. “We expect a greater inflow […]
Posted inSpeed Round
Enppi listing to kickoff state IPO program in two months
INVESTMENT WATCH - Enppi listing to kick off state IPO program in two months: It seems that a tentative deadline of September has been set for the IPO of state-owned Enppi, as Prime Minister Sherif Ismail announced that the listing will take place in two months’ time at a press conference on Monday, according to […]