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EGP / USD CBE market average: Buy 18.0826 | Sell 18.1882 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Sunday): 13,092 (+0.8%) Turnover: EGP 1.2 bn (185% above the 90-day average) EGX 30 year-to-date: +6.1% THE MARKET ON Sunday: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
20 March (Monday): SWIFT Business Forum Egypt 2017, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 19 March 2017
Business could take a back seat to foreign policy over the next couple of weeks. Look for plenty of discussion of Cairo-Washington ties in from now through early April, when President Abdel Fattah El Sisi is apparently now set to visit the White House. In parallel, speculation is mounting that US President Donald Trump may […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Janet Heckman, the EBRD’s new boss for the SEMED region, will hold her first formal press conference this week. Meanwhile, the bank is preparing a study that will provide technical guidance and assistance to the Suez Canal Economic Zone (SCZone) on its project to link the canal with Cairo, according to SCZone chief Ahmed Darwish. […]
Posted inON THE HORIZON
On the horizon
Egypt expects to receive the second USD 1.25 bn payment of a USD 12 bnInternational Monetary Fund loan in May or June, Finance Minister Amr El Garhy told Reuters on Thursday. His remarks confirm those by IMF Mission Chief in Egypt Chris Jarvis, who had previously noted the payment is expected to come in June. […]
Posted inEnterprise+: Last Night’s Talk Shows
El Molla on the resurrected Aramco agreement; Wael Fakharany takes his case against Careem to int’l arbitration
Lamees Al Hadidi was finally back on the airwaves last night and took a moment to reassure everyone that Amr Adib is out of the hospital and on his way to a full recovery from his unspecified health crisis (watch, runtime: 2:56). Al Hadidi spoke with Petroleum Minister Tarek El Molla about the resumption of […]
Posted inSpeed Round
Aramco shipments officially resume
Saudi Aramco has resume shipments of petroleum products to Egypt, which received shipments on both Friday and Saturday, Oil Minister Tarek El Molla told CBC’s Lamees El Hadidi last night (watch, runtime 9:47). The next two shipments are scheduled to arrive on 25 and 26 March and will then return to a regular schedule from […]
Posted inSpeed Round
Could Trump’s budget cuts impact aid to Egypt?
Cairo’s ties to Washington will be in the global media spotlight over the coming month. President Abdel Fattah El Sisi is heading to Washington, DC, in the first week of April to meet with US President Donald Trump, state-owned daily Al Ahram reports. The news comes as speculation mounts that Trump is playing ‘peacemaker’ between […]
Posted inSpeed Round
Overseas holdings of T-bills triple since January, reach EGP 60.8 bn
Foreign investors’ holdings of Egyptian treasury bills by foreign investors have almost tripled since January, Bloomberg’s Ahmed Feteha reports. Overseas holdings of T-bills amounted to EGP 60.8 bn (USD 3.3 bn) as of March 14, the Finance Ministry’s head of public debt Samy Khallaf said in an interview. The number was EGP 22 bn at […]