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The UN FAO launched WaPOR, a new Google-powered open-access database it developed, that enables countries to easily monitor how efficiently farms use water, allowing for improvements in irrigation and food production. “The tool allows users like governments or farmers to spot areas where water is used inefficiently and take action by changing the irrigation system […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Donation campaign song for hearing-impaired children goes viral
Artists and social media celebrities are singing Mohamed Mounir’s Ally Sotak Bel Ghona in sign language in a viral video (runtime 1:30). It is part of a donation campaign for hearing-impaired children by Pick a Street and Waslet Kheir. On a related PSA note: You can teach your baby as early as six months of […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0474 | Sell 18.1503 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Thursday): 12,905 (+0.1%) Turnover: EGP 880 mn (21% below the 90-day average) EGX 30 year-to-date: +4.5% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
22-24 April (Saturday-Monday): Food Africa, Cairo International Convention Center, Cairo. 24-25 April (Monday-Tuesday): Renaissance Capital’s Egypt Investor Conference, Cape Town, South Africa. 25 April (Tuesday): Sinai Liberation Day, national holiday. 25-26 April (Tuesday-Wednesday): MENA New Energy conference, Hyatt Regency, Dubai. 26-27 April (Wednesday-Thursday): Corporate Governance Case Study Workshops by the Egyptian Private Equity Association and […]
Posted inWhat We're Tracking Today
What we’re tracking on 20 April 2017
Egypt delegation heading to DC for IMF, World Bank spring meetings: Finance Minister Amr El Garhy is in Washington D.C. to attend the IMF and World Bank spring meetings, Al Masry Al Youm reports, noting that Deputy Finance Minister Ahmed Kouchouk is also part of the delegation. Central Bank Governor Tarek Amer and Investment and […]
Posted inON THE HORIZON
On the horizon
Patriarch Bartholomew of Constantinople, the “first among equals” of the Eastern Orthodox Christian world, will join Pope Francis in his visit Cairo on 28-29 April visit. Catholic news portal Crux says the invitation reportedly came from Al Azhar’s Grand Imam Ahmed El Tayeb. “As a result, it may well be that the leaders of both […]
Posted inEnterprise+: Last Night’s Talk Shows
Capital Market Act amendments approved by cabinet; Local Development Minister lambasts bureaucrats
Last night’s talk shows presented a mixed bag, with little of particular importance piquing the interest of the nation’s talking heads. Egyptian Financial Supervisory Authority chief Sherif Samy was on Mehwar TV’s 90 Minutes to tout the cabinet’s approval yesterday of amendments to the Capital Markets Act (more on this in the Speed Round) (watch, […]
Posted inSpeed Round
Cabinet approves raising cap on foreign borrowing to USD 7 bn from USD 5 bn
The Ismail cabinet raised the ceiling on the maximum value of USD bonds it can issue on international markets to USD 7 bn from USD 5 bn, according to a cabinet statement. The statement added that Finance Ministry was seeking to obtain additional financing in the face of a rise in interest rates on the […]
Posted inSpeed Round
Orascom Construction announces start of production at Iowa Fertilizers Co.
Orascom Construction announced late yesterday the start of production at Iowa Fertilizers Co., the first world-scale greenfield nitrogen fertilizer plant to be built in the US in more than 25 years. “The plant has a nameplate capacity of 2,200 metric tons per day (mtpd) of ammonia, 2,200 mtpd of urea synthesis, 1,200 mtpd of granular […]