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27 May (Saturday): First day of Ramadan (TBC). 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, Cairo. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. 15-19 July (Saturday-Wednesday): SSIGE’s GeoMEast 2017 International Congress and […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 23 May 2017
Egyptian stocks fell the most in the world yesterday among the indices tracked by Bloomberg in the wake of the central bank’s unexpected 200 bps hike in policy rates. Capital Economics’ Jason Tuvey says the move “appears to be the result of pressure from the IMF,” and global emerging markets icon Mark Mobius spoke for […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Public service announcement for Giza residents: Water service will be cut for 24 hours from Wednesday to Thursday morning in certain areas of Giza due to construction on the Rod El Farag Axis project, the Holding Company for Water and Wastewater announced yesterday, Al Masry Al Youm reports.
Posted inON THE HORIZON
On the horizon
EGX trading hours during Ramadan will be from 10:00 am to 1:30 pm, the bourse said yesterday. The shortened trading day kicks into effect on Sunday. Ramadan kicks off at sundown on Friday night, as matters now stand. Gold tender results before the end of next week: The Petroleum Ministry plans to announce the results […]
Posted inEnterprise+: Last Night’s Talk Shows
Nation’s talking heads have Interest rate hike, subsidies, and private school tuition caps on the brain
As it should have been, the CBE’s decision to hike interest rates by 200 bps on Sundaydominated the airwaves last night. On Kol Youm, Amr Adib spoke to National Bank of Egypt (NBE) Vice Chairperson YehiaAboul Fotouh, who believes the hike will only negatively affect “large clients” including manufacturers with significant debt. He also suggested […]
Posted inSpeed Round
RenCap praises rate hike, as Mobius, local investors disagree
Voices in the wilderness? The central bank’s decision to increase policy rates by 200 bps on Sunday is probably “good news” for the EGP, Renaissance Capital’s chief economist Charles Robertson believes, the Financial Times reports. The move came later than hoped, Robertson says, but it shows “commitment to getting inflation back down again, after months […]
Posted inSpeed Round
Education Minister caps private school tuition increases at 14% next year, 7% every year after that
Tuition hikes at privately-owned international schools will be capped at 14% next school year and 7% every year thereafter, according to a decision by Education Minister Tarek Shawki, AMAY reported on Monday. Private Arabic and language schools will be allowed to raise their tuition fees between 7-11% each year based on their tuition grades. The […]
Posted inSpeed Round
Ras Sudr icon Kiteloop razed on the order of Tourism Development Authority
Ras Sudr icon Kiteloop razed on the order of Tourism Development Authority; kitesurfing camp has loyal domestic and international following. Egyptian kiters and beach-goers were shocked at the news yesterday that Kiteloop, a kitesurfing camp in Sinai with a cult following at home and internationally, has been razed to the ground. In a phone call […]
Posted inSpeed Round
Tanmeyah studies adding mobile payments to its portfolio
Tanmeyah, one of the nation’s largest private-sector microfinance providers, is lookinginto introducing mobile payments to its platform as part of its expansion plans in the coming period, Chairman Amr Abouleish tells Al Mal. The move comes amid rising demand for SME funding, Abouleish says.