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Also worth noting this morning: Egypt “needs to stop the onslaught against civil society,” says Transparency International in their latest piece. President Abdel Fattah El Sisi would not win the 2018 presidential elections if they are held fairly, human rights lawyer and former presidential candidate Khaled Ali tells Reuters' Ahmed Aboulenein. The Nile delta is […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 07 June 2017
The EGX30 closed at its highest ever level as it inched up 0.79% in yesterday’s trading, ending the day at 13,626.8 points. Foreigners were net buyers and responsible for 47.3% total volume traded, according to data from Pharos Holding. Trade and Industry Minister Tarek Kabil imposed antidumping duties on steel imports, according to Al Borsa. […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Bahrain’s King Hamad bin Isa Al Khalifa will meet with President Abdel Fattah El Sisi on Thursday, presumably to discuss the epic smackdown on Qatar, according to Youm7. El Sisi is meeting with Burkina Faso’s President Roch Marc Kaboré in Cairo today, Ahram Gate reports. The Trade and Industry Ministry should be sending the executive […]
Posted inON THE HORIZON
On the horizon
It remains unclear whether or not the House of Representatives plans to go on summer recess at the end of June given we still do not have an approved 2017-18 state budget — and that they have a load of key economic legislation to push though.
Posted inEnterprise+: Last Night’s Talk Shows
Qatar still the biggest story on the airwaves
The aftermath of Qatar’s freezeout by neighboring Arab states continued to keep Kol Youm’s Amr Adib busy. The boisterous one echoed his wife’s warnings from Monday night, saying that he expects more terror attacks against Egypt as a result of the tension with Qatar and advising Coptic citizens to remain vigilant (watch, runtime 5: 09). […]
Posted inSpeed Round
Qatar blames the media, says it will resort to dialogue
The epic smackdown on Qatar continues: Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani blamed “media fabrications” for the escalations that led to severing ties with his country. He said in an interview with Al Jazeera, covered by his ministry, that the “unprecedented escalation” will be met with “dialogue,” denying any knowledge of the […]
Posted inSpeed Round
IFC completes acquisition of 10% stake in AXA Egypt
M&A WATCH- The International Finance Corporation (IFC) closed its acquisition of a 10%stake in AXA Egypt Investment, according to an emailed statement. AXA Group and IFC have had a long-standing global partnership to develop the sector in emerging markets and contribute to their sustainable growth and invest through co-investments or acquisitions, work on improving road […]
Posted inSpeed Round
Mexico’s CEMEX to invest USD 20 mn in Egypt in 2017
INVESTMENT WATCH- Mexico’s CEMEX is planning to invest USD 20 mn in Egypt this year on top of the USD 1.2 bn it has already invested, CEMEX Egypt chief Ramon Rodrigo Piza told Investment Minister Sahar Nasr. Mexico wants to invest more in Egypt, especially in cement, contracting, and technology, said Mexican Ambassador Jose Octavio, […]
Posted inSpeed Round
Auerbach Grayson signs partnership agreement with Okasan Securities
Auerbach Grayson signs partnership agreement with Okasan Securities: Beltone Financial-owned Auerbach Grayson & Co has partnered with Japan’s Okasan Securities to provide US investors with “greater access to Japanese market intelligence,” according to an emailed statement. “Auerbach Grayson will provide its institutional clients with increased on-the-ground research and coverage of investment opportunities in Japan. The […]