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EGP / USD CBE market average: Buy 18.0853 | Sell 18.1876 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Sunday): 12,912 (-0.6%) Turnover: EGP 693 mn (59% above the 90-day average) EGX 30 year-to-date: +4.6% THE MARKET ON SUNDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
31 March - 03 April (Friday-Monday): Cityscape Egypt Exhibition, Cairo International Convention Center, Cairo. Register here. 03-06 April (Monday-Thursday): Agri & Foodex Africa, Khartoum International Fair Ground, Khartoum, Sudan. 04 April (Tuesday): Emirates NBD Egypt PMI reading for March announced. The report will be available here. 08-10 April (Saturday-Monday): Pharmaconex, Cairo International Convention Center, Cairo. […]
Posted inWhat We're Tracking Today
What we’re tracking on 02 April 2017
President Abdel Fattah El Sisi’s DC marathon week kicked off on Saturday when he landed at Andrews Air Force Base. On the agenda: A reset of relations with the United States and meetings with top officials at the International Monetary Fund and the World Bank. The White House seems to want better ties almost as […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Petroleum Minister Tarek El Molla is in Jordan today for an industry gathering, according to Youm7. Egypt is set to receive a new diesel shipment from Saudi Aramco at the end of this week. A French parliamentary delegation is visiting Egypt this week.
Posted inON THE HORIZON
House to kick off budget debate next week
The House of Representatives will kick off debate on the Ismail government’s proposed 2017-18 budget next week. The document passed cabinet last week. The Finance Ministry held a press conference, complete with infographics (in Arabic only, unfortunately), explaining what the proposal entails. The key highlights were as outlined last week. The one thing that stood […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi in DC dominates airwaves
As expected, the airwaves last night were abuzz with President Abdel Fattah El Sisi’s visit to Washington DC to meet US President Donald Trump, with Hona Al Asema’s Lamees El Hadidi reporting on the visit from DC. She spoke to a number of political analysts and commentators about what to expect of the trip (watch, […]
Posted inSpeed Round
Inflationary price to remain until November or December, gov’t considers increasing rations
The press would like you to know that it will take a while longer before inflation eases — and that the government needs to ramp up spending as a result. There was plenty of talk about inflation on Thursday and over the weekend in the context of state spending on welfare programs. The government expects […]
Posted inSpeed Round
Central Bank of Egypt leaves rates on hold
The focus on inflation came as the Central Bank of Egypt decided on Thursday to leave overnight deposit and lending rates unchanged at 14.75% and 15.75%, respectively. The CBE expects the annual inflation to ease as monthly inflation rates moderate, citing the deceleration of headline inflation in February to 2.6%, according to a statement released […]
Posted inSpeed Round
Egypt receives second tranche of the USD 1.5 bn AfDB loan
Egypt has received a USD 500 mn tranche of the USD 1.5 bn African Development Bank loan (AfDB), Investment and International Cooperation Minister Sahar Nasr announced on Friday. Reuters notes that the loan will support projects including social housing, youth employment, and sanitation work, but earlier speculation suggested the funding could be used partly to […]