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We hate nearly everything about awards: the pay-for-play, fly-by-night nature of 99.9% of them in particular. Seeing how the sausage is made has forced us to become vegetarians. That makes it about 1000x more enjoyable for us to note that two friends have won very real, very prestigious, “you can’t pay for them” awards. In […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
** WE’RE ON BREAK until Tuesday, 18 April. Banks and the stock market are off this coming Sunday and Monday for the Easter and Sham El Nessim holidays. We’ll likely have a Weekend Edition for you tomorrow, then we’re off until Tuesday. We wish all of you a safe, happy long weekend filled with the […]
Posted inON THE HORIZON
On the horizon
The House of Representatives’ Economic Committee postponed its vote on the new Investment Act until next week, citing the government’s delay in responding to inquiries on certain clauses, sources told Al Borsa on Wednesday. The committee was expecting a report from the General Authority for Free Zones and Investments on Sunday or Monday this week, […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads delve into the background of the Alex church bomber
The talking heads dwelled last night on the Interior Ministry’s announcement of the identity of one of the Palm Sunday attackers and others involved in previous acts of terror. Kol Youm’s Amr Adib donned his Dr. Phil suit to console alleged Alexandria attacker Mahmoud Hassan Mubarak’s distraught brother, who broke down during the show as […]
Posted inSpeed Round
Rencap says Egypt is a haven trade, Werr says state of emergency could slow recovery down
Renaissance Capital says investing in Egypt is an emerging market safe-haven trade, Global Chief Economist Charles Robertson told Bloomberg TV. Egypt is one of the places that provide “idiosyncratic opportunities,” he says, despite the terrorist attacks. “It’s high yield and it’s got a cheap currency,” Robertson adds. Looking at EMs generally, Robertson also recommends an […]
Posted inSpeed Round
USD 3-4 bn in new bond issuances in FY2017-18
The government is planning to issue USD 3-4 bn in bonds during the FY2017-18 fiscal year, said Deputy Finance Minister Mohamed Maait, according to Al Borsa. USD 1 bn of these will be sukuk issuances, added Maait. The Ismail cabinet’s economic group had approved amendments to the Capital Markets Law on Tuesday which would govern […]
Posted inSpeed Round
Legal 500 releases the rankings of top Egyptian law firms
The Legal 500, a directory that identifies and recommends the best firms and lawyers around the world, released its ranking of law firms in 2016. The ranking is based on feedback from the firms’ clients and on the performance of law firms in different areas of practice. We were happy to see lots of our […]
Posted inSpeed Round
EFG Hermes concludes advisory on sale of stakes in Humansoft and Edita
EFG Hermes concludes advisory on sale of stakes in Humansoft and Edita: EFG Hermes said in a statement yesterday that it has successfully concluded its advisory on two high-profile secondary stake sales, one for the GCC’s largest tertiary education company and the other for Egypt’s largest snack food player, Edita Food Industries. EFG Hermes acted […]
Posted inSpeed Round
Private sector banned from importing wheat during harvest season -El Moselhy
The private sector will not be allowed to import any wheat during local harvest season when it starts on Saturday,15 April, Supply Minister Ali El Moselhy told AMAY on Wednesday. These most recent remarks follow a number of conflicting statements from the ministry on its private sector wheat imports policy during the season, which is […]