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** Need an antidote to all of the Amy Tan weepiness, Gabriel Garcia Marquez magical realism and Judy Collins mush? Find refuge in the musty pages of a classic junk novel, as one of our fathers refers to vintage thrillers and spy novels from the era. It was a time when (almost) all the bad […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Live from 1980s Khan El Khalili
Take a stroll in the Khan El Khalili of the 1980s: Independent agency Kinolibrary has rare colored footage of Cairo in the 1980s with street noise setting the mood, typical Khan El Khalili Arabic music in the background, along with a super orientalist narration comparing stores to “Aladdin’s treasure cave.” (runtime 0:36)
Posted inUncategorized
** DID YOU MISS AN ISSUE THIS WEEK? Check out our archive on the website. ** ARE WE NOT IN YOUR INBOX EVERY MORNING BY 6:15am CLT? Check your “newsletter” or “promotions” tabs or your “junk” folder. Or head over to our website, where each day’s issue is only by the same time we dispatch […]
Posted inWhat We're Tracking Today
What we’re tracking on 02 March 2017
The EGP weakened c. 37 piasters yesterday to EGP 16.17 to the greenback as importers look to stock up before Ramadan, bankers and economists told Reuters. “The EGP’s weakening today is due to a decline in FX inflows into banks this week and because importers are increasing demand in preparation for Ramadan,” said Beltone head […]
Posted inEnterprise+: Last Night’s Talk Shows
Youssef Boutros Ghali interview on the economy; cabinet locked in discussions on the Universal Healthcare Act; you can buy a crib in the new capital in April
Mubarak-era Finance Minister Youssef Boutros Ghali wholeheartedly supports the reform agenda. In an interview with DMC’s Osama Kamal, the always brilliant YBG said the EGP float was “100% the right decision to make” despite coming three years too late. Boutros Ghali believes that the budget deficit is the single biggest problem facing the current Finance […]
Posted inSpeed Round
Egypt’s rebalancing continues, challenging year ahead -Fitch
Egypt is making further progress with its external rebalancing, Fitch Ratings says, as indicated by “rising foreign exchange reserves, a return of private capital inflows and currency appreciation.” Fitch adds that “further fiscal consolidation alongside external rebalancing would lay the groundwork for a broader-based improvement in sovereign credit metrics in 2018… However, challenges, including the […]
Posted inSpeed Round
Stamp tax could be increased gradually -El Garhy
A stamp tax on EGX trades could start at 0.175% on each of the buyer and seller and gradually rise from there, Finance Minister Amr El Garhy told Bloomberg. El Garhy gave no details on the increase, but said the proposal, while yet to be finalised, could be submitted to the cabinet for discussion as […]
Posted inSpeed Round
House Industrial Committee to complete its review of the automotive directive by mid-March
The House Industry Committee is set to complete its review of the automotive directive and send the bill back to a plenary session of the House of Representatives by mid-March, Al Borsa reports. The committee held discussions with auto industry players this week, with importers continuing to object to the structure of the minimum export […]
Posted inSpeed Round
Universal Healthcare likely not to go to House before June
Is the Universal Healthcare Act coming in 2H2017? The House of Representatives will not be seeing the Universal Healthcare Act that Health Minister Ahmed Rady had promised to deliver early in 2017 before June, sources close to the matter tell Al Borsa. Policymakers are delaying the bill because they worry about the cost of implementing […]