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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, […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 29 May 2017
Russian Foreign Minister Sergei Lavrov and Defense Minister Sergei Shoigu arrive in Cairo today for talks with their Egyptian counterparts. On the agenda are terrorism and the conflicts in Syria and Libya, Youm7 reports. Private-sector intelligence consultancy Stratfor suggests the Kremlin will be looking to expand its Libya operations and build up its rumored Sidi […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
House wants to know the impact of CBE’s rate hike on debt, deficit: The House of Representatives’ Budget and Planning Committee is meeting with Finance Minister Amr El Garhy to discuss the effect of the CBE’s decision to hike interest rates on national debt and the budget deficit, Al Borsa reports. The House’s committees are […]
Posted inON THE HORIZON
On the horizon
The Investment and International Cooperation Ministry will launch a promotionalcampaign for the new Investment Act once the executive regulations governing it have been approved, ministry officials tell AMAY. The campaign will introduce the law to citizens and investors through a series of television and radio ads designed to build domestic support for the act and […]
Posted inEnterprise+: Last Night’s Talk Shows
Eurobonds, private school tuition, and Qatar’s media war on Egypt dominate the debate on the airwaves
Even on semi-hiatus, Lamees Al Hadidy is still on form with an interview with Finance Minister Amr El Garhy on last week’s successful USD 3 bn eurobond sale. Lamees is currently anchoring two nights a week on CBC Extra News during Ramadan while her show is on break. Her lesser half will continue to grace […]
Posted inSpeed Round
USD 1 bn in foreign inflows in two days following interest rate hikes
USD 1 bn in foreign inflows in two days following interest rate hike: Nearly USD 1 bn in “foreign investment” (read this as “the carry trade,” we’d say) flowed into Egypt within two days of the central bank’s Monetary Policy Committee hiking interest rates by 200 bps, CBE Governor Tarek Amer said on Sunday. Defending […]
Posted inSpeed Round
Budget discussions in the House of Representatives are off to a predictably chaotic start
House Healthcare Committee digs in on reclassification of EGP 9.4 bn in FY2017-18 budget as debate budget debate grinds on: The House of Representatives’ Health Committee will hold its ground to ensure that funds for wastewater projects now falling under the healthcare line item are reclassified as spending on infrastructure and housing, said committee member […]
Posted inSpeed Round
Security forces question suspects in Minya terror attack, strike against terrorist training camps in Sudan could be next
Security forces are questioning “a large number” of alleged terrorists suspected of involvement in Friday’s attack in Minya, which left 29 dead, Al Ahram reports. Security sources tell the newspaper that 12-15 individuals were involved in the attack. The Interior Ministry launched a manhunt in four governorates to track down the perpetrators, according to Al […]
Posted inSpeed Round
DNE and Al Borsa websites blocked by authorities
Websites of business news outlets Al Borsa and DNE blocked: Authorities blocked access to the websites of Daily News Egypt (DNE) and Al Borsa yesterday, the two newspapers announced in a statement. DNE and Al Borsa management claimed to have not been given notice of probable cause ahead of the move, which they described as […]