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29 March (Wednesday): First Time SME Equity Fund Managers in Egypt Opportunities and Challenges seminar, Marriott Zamalek Hotel, Cairo. 29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced Development of Siwa Oasis International Tourism Conference, Siwa Oasis. 30 March (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 31 March - […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 27 March 2017
Bahrain’s King Hamad bin Isa Al Khalifa is in Cairo today on an official visit, according to Bahrain News Agency. Bahrain’s Royal Court said in a statement short on specifics that the king will meet with President Abdel Fattah El Sisi to discuss bilateral relations. Central Bank of Egypt Governor Tarek Amer returned to work […]
Posted inWhat We're Tracking Today
Don Draper’s ketchup ad comes to life
A quick smile for some you this morning: Don Draper’s “Pass the Heinz” ketchup campaign — the one dismissed as “half an ad” that failed the get him the Heinz account 50 fictional years ago on Mad Men — has come to life. If you’re in Manhattan, head over to 49th and 7th to see […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Are we going to formally make up with KSA this week? Look for extensive expressions of brotherly respect and pan-Arab love between Egypt and KSA at Wednesday’s Arab League Summit. President Abdel Fattah El Sisi is one of 17 Arab leaders expected to attend, with the Associated Press noting that US President Donald Trump will […]
Posted inEnterprise+: Last Night’s Talk Shows
Parliament becomes after school at the mall; EFSA publishes measures against brokers in the Official Gazette
Last night’s talks shows nearly put us to sleep until Kol Youm’s Amr Adib started ranting about the rumble in the jungle that is the House of Representatives fight over the National Elections Act, where MPs got into a fist fight. MP Mahmoud Mohie El-Din phoned in to blamed the fight on House Speaker Ali […]
Posted inSpeed Round
Foreigners invested USD 3.1 bn in domestic debt -Kouchouk
The carry trade is alive and well: Egypt attracted USD 3.1 bn of foreign investment in domestic debt instruments since the float of the EGP last November, Deputy Finance Minister Ahmed Kouchouk told Reuters. Kouchouk says the funds were invested in treasury bills and bonds.
Posted inSpeed Round
Government to increase spending on social security and welfare programs in upcoming fiscal year
The government will increase spending on social security and welfare in FY2017-18 bysetting aside a sum equivalent to 1% of the nation’s projected EGP 4 tn in GDP, said Finance Minister Amr El Garhy. This should come to around EGP 40 bn, he told President Abdel Fattah El Sisi and Prime Minister Sherif Ismail in […]
Posted inSpeed Round
Subsidy moochers will not be removed this year
Kramers everywhere, rejoice: You live to mooch another year: Supply Minister Ali El Moselhy has poured cold water on that subsidy fraudsters would be cut from the welfare rolls starting this year, then, telling Daily News Egypt there would be no cuts at all in FY2017-18. His reason: Times are tough and people cannot afford […]
Posted inSpeed Round
BP announces third gas discovery in North Damietta concession
BP announced a gas discovery from the Katameya Shallow-1 exploration well at the North Damietta Offshore Concession in the East Nile Delta. “The wireline logs, pressure data and fluid samples confirmed the presence of 37 metres of net gas pay in high quality Pliocene sandstones. Options to tie the discovery back to nearby infrastructure are […]