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The Interior Ministry has confirmed that Mubarak-era Interior Minister Habib El Adly is on the run after being handed down a seven-year prison sentence for corruption, Al Masry Al Youm reports.
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0315 | Sell 18.1338 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Monday): 12,866 (flat) Turnover: EGP 698 mn EGX 30 year-to-date: +4.2% THE MARKET ON MONDAY: The EGX30 ended Monday’s session almost flat. CIB, […]
Posted inCALENDAR
14-16 May (Sunday-Tuesday): CI Capital’s first MENA Investor Conference, Gouna. 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. 16 May (Tuesday): Official expiry date for the decision to suspend capital gains taxes on stock market transactions. 21 May (Sunday): Central Bank of […]
Posted inWhat We're Tracking Today
What we’re tracking on 15 May 2017
Is yours one of the 1.3 mn computers believed to still be vulnerable to WannaCry, the ransomware infection that swept the globe over the weekend? The Financial Times reports that British intelligence has warned businesses must brace themselves for “further cyber-attacks this week on a potentially ‘significant scale.’” Some 10k businesses and other organizations have […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
An International Labor Organization delegation arrived in Cairo on Saturday for talks with government officials on upcoming legislative reform, especially the new Labor Act currently before the House of Representatives. House committee gives preliminary nod to Daba’a nuke plant: The House of Representatives’ Energy Committee gave a preliminary nod to the Daba’a nuclear power plant […]
Posted inON THE HORIZON
On the horizon
The IMF is expected to deliver the second tranche Egypt’s USD 12 bn extended facility at the end of the current fiscal year in late June, Finance Minister Amr El Garhy said on Sunday, according to Al Mal. Disbursement of the USD 1.25 bn tranche awaits the approval of the IMF’s executive board on a […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi takes questions from audience after speech, Moselhy on wheat silos, Arafat on road building
President Abdelfattah El Sisi’s press conference in Qena was front and center on the airwaves last night, but the unexpected highlight of the night was the surprise appearance of Mahmoud Mohieldin. (We have additional coverage of the president’s remarks in Speed Round, below, and you can watch his full speech and the Q&A session here.) […]
Posted inSpeed Round
Blumberg Grain seeks resolution with Egypt
Blumberg Grain seeks resolution with Egypt: Prime Minister Sherif Ismail has tasked the Justice Ministry’s Arbitration and International Disputes to assess Blumberg Grain’s demand for the government to disburse the remainder of what is owed for the first phase of the shouna development project, Al Borsa reports. A source told Al Borsa that Blumberg Grain […]
Posted inSpeed Round
CIB agrees to sell 13.7% stake in CI Capital
CIB has agreed to sell a 13.7% stake in CI Capital, CI Capital CEO Mahmoud Attalla said yesterday, according to Reuters. Attalla said agreements were reached to sell 10% to one local investor and 3.7% to another, without naming either of the buyers. CIB had completed the sale of 74.75% of CI Capital’s shares to […]