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EGP / USD CBE market average: Buy 18.0297 | Sell 18.1326 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Wednesday): 12,984 (-0.1%) Turnover: EGP 884 mn (23% below the 90-day average) EGX 30 year-to-date: +5.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
16 April (Sunday): Coptic Easter Sunday. 17 April (Monday): Sham El Nessim, national holiday. 20 April (Thursday): Closing date for the Egyptian Mineral Resources Authority bid round number 1 for 2017 for gold and associated minerals. 22-24 April (Wednesday-Friday): Food Africa, Cairo International Convention Center, Cairo. 24-25 April (Monday-Tuesday): Renaissance Capital’s Egypt Investor Conference, Cape […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 April 2017
Investigators have reportedly identified the perpetrators of the Palm Sunday cathedral attacks in Tanta and Alexandria, Ahram Online reports. The media is rife with speculation about the names of the suspects, which authorities refused to publicly disclose, referring to them only by the pseudonyms revealed by the Daeshbags after the attack on Sunday: Abu Ishaq […]
Posted inON THE HORIZON
On the horizon
We’re heading into a run of national holidays. This coming Sunday and Monday (16-17 April) are off for Easter and Sham El-Neseem (Coptic and Western Easter overlap this year). Tuesday, 25 April is a holiday in observance of Sinai Liberation Day, while Monday, 1 May is a day off for Labor Day.
Posted inEnterprise+: Last Night’s Talk Shows
House Speaker riding emergency law procedures on a power trip; considers suing “countries that sponsor terrorism”; talking heads worried about new Media Act.
The enacting of the Emergency Act and the new Media Act had the talking heads sweating last night. (We have more on both measures in today’s Speed Round, below.) On Hona Al Asema, Lamees El Hadidi was unsettled by what she saw as House Speaker Ali Abdel Aal “celebrating” the state of emergency and remarks […]
Posted inSpeed Round
House unanimously approves imposing emergency rule, looking into amending arrest powers
The House of Representatives unanimously voted in favor yesterday of imposing a three-month state of emergency, Al Masry Al Youm reports. The measure was proposed by President Abdel Fattah El Sisi and approved by Cabinet after the Palm Sunday bombings. Prime Minister Sherif Ismail spoke to MPs before the vote, saying the measure was necessary […]
Posted inSpeed Round
Supreme Terrorism Council to implement comprehensive anti-terrorism strategy
The newly-formed Supreme Terrorism Council is mandated with implementing a comprehensive strategy to combat terrorism and extremism, according to a statement from Ittihadiya. The council will have the power to compel cooperation from every ministry and state institution with a role to play in the war on terror. The council, which President Abdel Fattah El […]
Posted inSpeed Round
El Sisi issues presidential decree establishing three regulatory bodies for the media
Three bodies now regulate Egypt’s media industry. President Abdel Fattah El Sisi issued a decree yesterday establishing three bodies to regulate independent and state-owned media, enacting the Media Act parliament had approved back in December, Al Borsa reports. The Supreme Media Council, which will be headed by former Press Syndicate head Makram Mohamed Ahmed, has […]
Posted inSpeed Round
Cabinet Economic Group approves Capital Markets Law amendments
Cabinet Economic Group approves Capital Markets Law amendments: The Cabinet’s Economic Group signed off on proposed amendments to the Capital Markets Law on Tuesday and sent the package to the Council of Ministers as a whole for review, according to a statement from the Investment Ministry. The amendments — which primarily aim to protect the […]