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The Administrative Court issued a ruling on Monday that would force the Interior Ministry to disclose information on the whereabouts of citizens reported missing due to alleged forced disappearances, Ahram Online reports. The ruling relates to a case filed in 2014 after the disappearance of resident doctor Asmaa Khalaf from Assiut University Hospital, whose family […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Ronaldinho to arrive in Egypt for Tour n’ Cure hepatitis C campaign
Former Brazilian football star Ronaldinho will be in Egypt tonight for a three-day trip to promote the Tour n’ Cure hepatitis C medical tourism program, Youm7 reports. Barcelona star Lionel Messi had come to Cairo for the same reason earlier this year.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8926 | Sell 17.9912 EGP / USD at CIB: Buy 17.90 | Sell 18.00 EGP / USD at NBE: Buy 17.86 | Sell 17.96 EGX30 (Monday): 13,431 (-0.41%) Turnover: EGP 611 mn (35% below the 90-day average) EGX 30 year-to-date: +8.8% THE MARKET ON MONDAY: 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 3 July 2017
We are hearing welcome reports this morning that another eurobond issuance will be coming in September as the Finance Ministry is looking to capitalize on the success of the USD 7 bn EUR-denominated bond sales this year and a bull market in emerging market debt that shows no sign of slowing down (we have more […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Central Bank of Egypt’s Monetary Policy Committee will meet on Thursday, 6 July to review interest rates. The air is still tense at the prospect of another interest rate hike akin to the 200 bps increase in rates in May. Banking sources tell Al Shorouk that the committee will adopt another interest rate hike. […]
Posted inON THE HORIZON
On the horizon
House to receive Universal Healthcare Act to decree in September: The government expects to send the Universal Health Act to the House of Representatives to issue by September, Health Minister Ahmed Rady tells Al Borsa. Earlier reports had said that the act would be ready after Eid Al Fitr, once actuarial studies concluded. Once approved, […]
Posted inEnterprise+: Last Night’s Talk Shows
Fuel and commodity prices in light of hike and VAT increase dominate the debate
Fuel prices will not be rising again in FY2017-18, Finance Minister Amr El Garhy told Amr Adib on last night’s Kol Youm. The phase-out of energy subsidies will continue on its gradual trajectory for the next three-five years, El Garhy added, explaining that the most recent hike was necessary to remedy the budget deficit and […]
Posted inSpeed Round
Eurobond issuance in September
Another Eurobond issuance coming in September? It appears that the Finance Ministry is considering another EUR-denominated bond issuance in September, government sources reportedly told Al Borsa. The issuance will be to the tune of EUR 1-1.5 bn, a less ambitious target than previous eurobond sales in order to “get a feel for the markets,” sources […]