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EGP / USD CBE market average: Buy 17.9935 | Sell 18.0950 EGP / USD at CIB: Buy 18.00 | Sell 18.10 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Monday): 12,849 (-0.4%) Turnover: EGP 745.1 mn (36% above the 90-day average) EGX 30 year-to-date: +4.1% THE MARKET ON MONDAY: 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 10 April 2017
The nation is in a three day period of mourning after 47 people were killed and 126 injured in two terrorist bombings yesterday that targeted Egypt’s Christian community. President Abdel Fattah El Sisi imposed last night a three-month state of emergency. The state of emergency would give authorities the power to make arrests and to […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The House Economic Committee is expected to vote on the Investment Act by tomorrow at the latest, Rep. Medhat El Sherif said yesterday, telling Al Borsa that the committee is waiting on the government to outline the incentives given to foreign investors before wrapping up its talks and sending the bill to a plenary session […]
Posted inEnterprise+: Last Night’s Talk Shows
Fallout from the attacks on Coptic cathedrals in Tanta, Alexandria
The fallout from the terror attack on Coptic cathedrals in Tanta and Alexandria was the only topic on the airwaves last night. Health Ministry Spokesperson Khaled Megahed told Kol Youm’s Amr Adib at about 9pm that 17 people had been killed in Alexandria and 48 others were injured, while Tanta saw 27 deaths and 56 […]
Posted inSpeed Round
Twin church attacks leave 47 dead, 126 injured in Tanta, Alexandria
At least 47 people are dead and 126 others wounded after blasts yesterdaytargeted Coptic Christians in Alexandria and Tanta, according to state-owned Al Ahram. Twenty-five people were killed by a device that security officials initially said was planted in a pew near the front of St George's Coptic Church in Tanta. Officials have since suggested […]
Posted inSpeed Round
Coverage of the events in the international press
GLOBAL MEDIA COVERAGE: The attacks are headline news around the world this morning, with CCTV videos and photos following the attack being heavily featured in the foreign press. Foreign media coverage has included heavy emphasis on the security concerns of Copts as well as anti-Christian bigotry. The issue of whether Egypt can protect its Christian […]
Posted inSpeed Round
PHD secures EGP 852 mn loan to finance West Cairo project
Palm Hills Developments (PHD) signed an EGP 852 mn syndicated medium-term loan to finance part of the acquisition of 190 feddans in West Cairo. The loan is provided by National Bank of Egypt (NBE) and National Bank of Abu Dhabi (NBAD) and carries an interest rate of 1.5% over the current corridor rates for 8.5 […]
Posted inSpeed Round
Hala Sakr joins EGX board of directors
MOVES- Barclays Bank Egypt Managing Director Hala Sakr has been appointed as the first woman member on the EGX board of directors, Daily News Egypt reports. Sakr will be replacing Misr Iran Development Bank Managing Director Amr Tantawi.