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EGP / USD CBE market average: Buy 18.0376 | Sell 18.1397 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 12,937 (+0.6%) Turnover: EGP 1.5 bn (40% below the 90-day average) EGX 30 year-to-date: +4.8% THE MARKET ON TUESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
14-17 May (Sunday-Wednesday): Arab Sustainable Development Week, Nile Ritz-Carlton, Cairo. 15-17 May (Monday-Wednesday): Morgan Stanley's 3rd Annual GEMS Conference (EEMEA), London. 21 May (Sunday): Central Bank of Egypt’s Monetary Policy Committee Meeting. 22-23 May (Monday-Tuesday): North Africa Mobile Network Optimisation Conference, Cairo. 27 May (Saturday): First day of Ramadan (TBC). 07-09 June (Wednesday-Friday): 19th Annual […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 May 2017
Egypt will issue a USD 1.5-2 bn eurobond next week, Finance Minister Amr El Garhy told Reuters yesterday. This comes following the strong appetite for Egypt’s USD 4 bn eurobond in January. “The new bonds will not require a second roadshow as they will be part of the same debt programme issued in January,” according […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The House of Representatives’ Energy Committee will discuss the Daba’a nuclear power plant agreement this week in the hopes of bringing it to a plenary session vote soon. Egypt’s ambassador to Kenya inaugurated yesterday the first expo in Africa highlighting Egyptian exports to the continent, Al Masry Al Youm reports. The expo, organized by the […]
Posted inON THE HORIZON
On the horizon
We’re keeping our eyes on the IMF Executive Board’s meeting calendar to see when they plan to review and vote on the staff-level agreement that could see us receive the second tranche of the USD 12 bn extended fund facility by the end of June. As of this morning, Egypt doesn’t appear on any of […]
Posted inEnterprise+: Last Night’s Talk Shows
Education, development and Ramadan on a very bland night of talk shows.
Monday was a bland evening on the airwaves. Planning Minister Hala El Said told Hona Al Asema’s Lamees Al Hadidi that the government’s sustainable development plan aims to push GDP growth levels up to 4.6% over the next fiscal year and considerably decrease inflation levels. The plan also forecasts five-year improvements to investment, job creation […]
Posted inSpeed Round
We’re an increasingly confident lot, it seems
We’re are an increasingly confident lot: The YPO’s 1Q2017 global confidence survey was out last week, and we’ve just gotten around to pulling it out of our slush pile. Globally, business confidence is essentially stable, the survey found, with the big deviations from the trend coming in the Middle East (where executives reported the biggest […]
Posted inSpeed Round
Trump tells El Sisi he will visit Cairo “at the earliest opportunity”
Trump tells El Sisi he will visit Cairo “at the earliest opportunity”: US President Donald Trump told President Abdel Fattah El Sisi during a phone call yesterday that he plans to visit Cairo “at the earliest opportunity,” according to a presidency statement. The two also discussed strategic relations and efforts to combat terrorism. El Sisi […]
Posted inSpeed Round
After glowing IMF review, Egypt awaits investment act’s executive regulations
Egypt should make it easier to do business and try harder to attract direct investment, economists tell Reuters’ Asma Alsharif. She describes the IMF report, which said its program in Egypt was off to a “good start,” as “glowing.” The Finance Ministry said the IMF review was "a new certificate of confidence for the strength […]