Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Armed Forces Chief of Staff Mahmoud Hegazy met with NATO Military Committee Chairman Petr Pavel in Cairo yesterday to exchange views on regional security issues, including terrorism and the situation in Libya, Al Masry Al Youm reports.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Innoventures accelerator open to applicants, launches EGP 30 mn VC fund
Innoventures announced applications are now open for the fourth cycle of its accelerator programme Startup Reaction, CPI Financial reported. The programme is in partnership with Venture Capital for Africa (VC4A). Innoventures also launched a new EGP 30 mn venture capital fund. Startup Reactor offers seed funding up to EGP 300,000 and partner VC4A offers cash […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 16.6009 | Sell 16.7065 EGP / USD at CIB: Buy 16.75 | Sell 16.85 EGP / USD at NBE: Buy 16.7 | Sell 16.8 EGX30 (Monday): 12,623 (+1.0%) Turnover: EGP 1.3 bn EGX 30 year-to-date: +2.3% THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 1.0%. CIB, […]
Posted inCALENDAR
06-08 March (Monday-Tuesday): EFG Hermes One on One Conference, Atlantis, The Palm, Dubai. 15 March (Wednesday): Arab Women Organization’s event: Investing in refugee women, UN General Assembly Building, New York City. 18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt. 29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced […]
Posted inWhat We're Tracking Today
What we’re tracking on 06 March 2017
The EFG Hermes One on One Conference kicks off today in Dubai with 510 investors from 260 financial institutions holding USD 10 tn in assets under management. 147 listed companies from Africa, the Middle East, and Southeast Asia will be represented at the conference. Attendees will also vote live on the EFG Hermes Consensus, a […]
Posted inON THE HORIZON
On the horizon
The government will discuss the budget for FY2017-18 in two weeks’ time, Prime Minister Sherif Ismail said, according to Al Mal. Ismail says the draft budget should be ready by the end of the week and will be reviewed by the cabinet in the following meeting. Al Borsa has apparently received confirmation that the Natural […]
Posted inEnterprise+: Last Night’s Talk Shows
Will Smith is here; Supply Minister promises no price controls; everyone loves Sahar Nasr as Investment Minister
Will Smith’s arrival in Cairo expectedly dominated the airwaves last night, with the talking heads joining the rest of Egypt in losing their minds over the Fresh Prince of Bel Air’s visit to Om El Donia. But before we show Smith some groupie love, Yahduth Fi Masr’s Amer interviewed Siemens AG CEO Joe Kaeser, who […]
Posted inSpeed Round
Investors assessing Egypt positively, PMI at its highest since August but still declining
Investors are again assessing Egypt’s prospects positively, John Sfakianakis writes for Bloomberg. By floating the EGP and securing financing from the IMF, “Egypt made the right decision,” he says. Sfakianakis notes the recent appreciation of the EGP “has been faster than most expected, pointing to a more balanced and efficient market” and “external flows are […]
Posted inSpeed Round
Sahar Nasr targeting USD 22 bn for private sector over the coming three years
Investment and International Cooperation Minister Sahar Nasr is targeting USD 22 bn in financing for the private sector from international financing institutions over the next three years, she told reporters on Sunday, according to Al Borsa. As we noted last week, Nasr is planning to meet with the World Bank Group’s delegation this month, presumably […]