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20.2% of Egyptians aged 15 years and above are smokers, Al Borsa reports, citing a CAPMAS report. In total, that is at least 12.6 mn Egyptians. The gender discrepancy in the data is wide, as it cites that 38.5% of males are smokers, in contrast to just 1.5% of females. Worryingly, the data also showed […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
No ban on laptops on US flights from Europe — yet
“US aviation security officials stepped back Tuesday from imposing a ban on carry-oncomputers on flights coming from Europe,” AFP reports in a piece picked up by Ahram Online, “but the Department of Homeland Security said a ban, already in place for US-bound flights from the Middle East, could still be implemented for Europe if the […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0282 | Sell 18.1312 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 13,239 (+0.2%) Turnover: EGP 1.0 bn (40% below the 90-day average) EGX 30 year-to-date: +7.2% THE MARKET ON TUESDAY: 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. 07-09 June (Wednesday-Friday): 19th Annual Africa Energy Forum, Copenhagen, Denmark. 11 June (Sunday): Egyptian Private Equity Association’s annual Sohour, Four Seasons Hotel Nile Plaza, […]
Posted inWhat We're Tracking Today
What we’re tracking on 30 May 2017
The successful eurobond issuance continues to make the rounds in the international media, with the Financial Times quoting Finance Minister Amr El Garhy as saying it is “a vote of confidence in the economic story of Egypt and the economic reform programme that Egypt is adopting.” El Garhy says there is no chance Egypt is […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Sudanese Foreign Minister Ibrahim Ghandour canceled a trip to Egypt that was previously expected this week, Africanews reports. “We told our brothers in Egypt about the postponement of the visit due to internal issues and it would take place later,” Ghandour said in a statement. Sudan’s president had accused Egypt of arming Sudanese rebels (a […]
Posted inON THE HORIZON
On the horizon
Investment Act exec regs to be approved by Ismail cabinet as early as mid-June? The Investment Ministry is reportedly expecting to deliver the final draft of the executive regulations for the new Investment Act to cabinet for approval by mid-June, now that it’s finished with them and getting input from other ministries, sources tell Youm7. […]
Posted inEnterprise+: Last Night’s Talk Shows
Adib talks pension raise, bashes Qatar on the airwaves last night
Amr Adib — whose talk show Kol Youm is the only one we follow that is sticking to a daily schedule during Ramadan — had two things on his mind last night: the new EGP 46 bn social welfare package announced by the government (which we cover in greater detail in the Speed Round); and […]
Posted inSpeed Round
Government earmarks extra EGP 46 bn for social security spending to combat price increases
The Ismail government has signed off on an EGP 46 bn social security package for FY2017-18, according to a statement from the Finance Ministry. The package includes a 15% increase in pensions at a cost to the state of EGP 20 bn in a bid to cushion pensioners from the worst of record-high inflation, Social […]