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The Common Market for Eastern and Southern Africa’s (COMESA) competition commission launched an investigation into how Confederation of African Football (CAF) and Lagardère Sports marketed right to broadcast African football tournaments, according to an Egyptian Competition Authority (ECA) statement. “The Commission has reason to believe that business conduct that restrains competition in the Common Market […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
The world’s refugee population grew to 16.5 mn by the end of 1H2016
1.7 mn people were newly displaced within their own country in 1H2016, while 1.5 mn were forced to flee internationally, according to UNHCR’s Mid-Year Trends 2016 report. In total, there were 16.5 mn refugees in the world in 1H2016, slightly lower than the highs of 17.8 mn seen in 1992. More than half the new […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7594 | Sell 15.8624 EGP / USD at CIB: Buy 15.7 | Sell 15.8 EGP / USD at NBE: Buy 15.7 | Sell 15.75 EGX30 (Monday): 12,024 (-2.0%) Turnover: EGP 933.3 mn (114% ABOVE the 90-day average) EGX 30 year-to-date: -2.6% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
23 February - 16 March (Thursday-Thursday): ‘Glimpses of Upper Egypt’ exhibition at Accademia d’Egitto in Rome. 02-03 March (Thursday-Friday): German Chancellor Angela Merkel’s visit to Egypt. 06-08 March (Monday-Wednesday): 13th EFG Hermes One on One Conference, Dubai, United Arab Emirates. 08 March (Wednesday): Microfinance forum, Nile Ritz-Carlton, Cairo. 09-11 March (Thursday-Saturday): Egypt Projects Summit, Cairo […]
Posted inWhat We're Tracking Today
What we’re tracking on 27 February 2017
Clifford Chance optimistic on Egyptian M&A in 2017. The multinational law firm says it “expects the consumer goods and retail sector to be particularly active given the demographics of the Egyptian economy. Other sectors will also benefit from private equity and strategic investors as the [EGP] trends towards a ‘new norm’ in FX markets.” The […]
Posted inWhat We're Tracking Today
Oscars kicked off at 3:30am CLT; Bill Paxton dies overnight
The 89th Oscars, hosted by late-night funnyman Jimmy Kimmel, kicked off a few hours ago at around 3:30 am CLT. By dispatch time, the Best Picture winner had yet to be announced, but notable winners include Mahershala Ali as Best Supporting Actor for his role in Moonlight and Viola Davis as Best Supporting Actress for […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
It’s a busy week for: Finance Minister Amr El Garhy, who is due to brief the House of Representatives on all things fiscal and whose team is sorting the executive regulations for the value-added tax after receiving feedback on them from the State Council. The Tax Authority, which ultimately reports to El Garhy, is meeting […]
Posted inEnterprise+: Last Night’s Talk Shows
Amer gets blamed for parallel market resurgence; UK Foreign Secretary, CENTCOM Commander interviews
Foreign policy dominated the airwaves last night in the wake of visits from UK Foreign Secretary Boris Johnson and United States Central Command boss Gen. Joseph L. Votel. But first, backlash against Tarek Amer’s Friday interview: MP Enas Abdel Halim requested a probe into CBE Governor Tarek Amer’s statement during a televised interview on Friday […]
Posted inSpeed Round
House expects to vote on Investment Act in late March
House to vote on Investment Act by end of March: The House of Representatives’ Economic Committee expects to bring the Investment Act to a vote before the House as a whole by the end of March, committee chair Amr Ghallab tells Al Borsa. Investment and International Cooperation Minister Sahar Nasr reportedly promised to attend all […]