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Egypt announces 2016 Nile Awards in Arts, Literature, and Social Sciences: The Supreme Council for Culture announced on Monday its 2016, Ahram Online reports. Film director Ali Badrakhan received the Nile Award, the highest honor, in the Arts. Late critic and Andalusian studies specialist El-Taher Makki received the Nile Award in Literature, while AUC management […]
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0465 | Sell 18.1459 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Monday): 13,508 (+0.1%) Turnover: EGP 753 mn (38% below the 90-day average) EGX 30 year-to-date: +9.4% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
26 May-23 June (Friday-Friday): Window for firms to submit expressions of interest to the European Bank for Reconstruction and Development for consulting on Egypt’s oil and gas sector reform, London, UK. 22 June (Thursday): Nile Summit scheduled to be held in Uganda. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. […]
Posted inWhat We're Tracking Today
What we’re tracking on 19 June 2017
MPs will kick off today plenary session discussion of the Ismail government’s 2017-18 budget, according to local media reports. We have the latest in Speed Round, below. The country’s three incumbent mobile network operators will be receiving their 4G frequencies today and the service should be fully active across the country in two months’ time, […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Argentina will find out tomorrow whether it’s being upgraded to emerging market status, the Financial Times reminds us. Bloomberg, meanwhile, suggests that any post-upgrade sell-off of Argentine shares could be milder than was the case in the UAE, Pakistan and Qatar following their respective upgrades. President Abdel Fattah El Sisi is set to attend the […]
Posted inON THE HORIZON
On the horizon
Look for news soon on petrol price hikes: The Supreme Energy Council will be deciding the rate of fuel price hikes during its next meeting, an unnamed government official tells Al Shorouk, without specifying when. Sources had said last week that the government was planning to raise the price of 92 octane petrol to EGP […]
Posted inEnterprise+: Last Night’s Talk Shows
GE agreement, philanthropy in Ramadan, and Sisi’s iftar with citizens
The airwaves offered us up a bag of somewhat mixed nuts for a change last night, with the biggest news being the Egyptian National Railway (ENR)’s USD 575 mn purchase of 100 locomotives from General Electric. Lamees Al Hadidi spoke to Transport Minister Hisham Arafat during her weekly spot on CBC Extra. Arafat said that […]
Posted inSpeed Round
Egypt to remove caps on USD deposits entirely soon -Jarvis
The central bank will remove caps on USD deposits entirely in “the coming months,” IMF Egypt mission chief Chris Jarvis told Al Borsa. Importers of non-essential goods still face a USD 10k per day limit on deposits and can deposit no more than USD 50k per month. The IMF also welcomed the central bank’s removal […]
Posted inSpeed Round
Kabil postpones meeting with EU officials over automotive directive
Kabil postpones talks with EU officials on automotive directive: Trade and Industry Minister Tarek Kabil has postponed a planned visit to Brussels during which he was expected to discuss the EU’s concerns about the proposed automotive directive, EU Mission Chief to Egypt Ivan Surkoš tells Al Mal. The local press had picked up an announcement […]