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The House of Representatives’ Constitutional and Legislative Affairs Committee voted in favor of stripping MP Mohamed Anwar Al Sadat of his membership, based on recommendations from the parliament’s Ethics Committee, MP Mostafa Bakry said. Al Sadat was faced with charges he leaked a draft of the NGO bill to foreign embassies, communicated with the European […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
SAT exam security measures to be tightened
SAT examinations internationally to become more “secure”: The number of SAT college-entrance exams taken outside the United States will be reduced from six to four, the New York-based College Board said, Reuters reported. This is one of several measures taken to tighten the exam’s security, including “increasing the auditing of test centres” and “providing law […]
Posted inON YOUR WAY OUT
Court expected to rule in favor of granting Talaat Mostafa medical release
The Egyptian Council of State (Maglis Al Dowla) issued a recommendation to grant imprisoned businessman Hisham Talaat Mostafa medical release, after Mostafa’s requests had previously been denied, Youm7 reports.
Posted inON YOUR WAY OUT
Qalaa’s RVR sale faces headwinds
Qalaa Holdings reportedly has global bidders for its Rift Valley Railways (RVR) asset in Kenya and Uganda, including “America’s Emerging Capital Markets and South Africa’s giant logistics firm Transnet,” Kenya’s The Standard reports, but could face headwinds as the Kenyan government has made it clear that it will not compensate RVR for losing business to […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7579 | Sell 15.8609 EGP / USD at CIB: Buy 15.7 | Sell 15.8 EGP / USD at NBE: Buy 15.7 | Sell 15.75 EGX30 (Sunday): 12,270 (+0.2%) Turnover: EGP 613.2 mn (41% above the 90-day average) EGX 30 year-to-date: -0.6% THE MARKET ON SUNDAY: 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 26 February 2017
The Finance Ministry reportedly wants the IMF to delay sending a delegation to Cairo for a review of progress on the reform program to which we committed as a condition of the USD 12 bn extended fund facility. The delegation was expected in March, but unnamed sources tell Al Masry Al Youm the Finance Ministry […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Finance Minister Amr El Garhy will appear before the House of Representatives to discuss fiscal policy. It remains an open question whether he will answer questions from MPs on the agreement with the International Monetary Fund for a USD 12 bn extended fund facility. Also in the House this week: The State Contractors’ Compensation Act […]
Posted inON THE HORIZON
On the horizon
Among the investor conferences on the horizon: JP Morgan’s Global Emerging Markets Corporate Conference kicks off tomorrow in Florida. The EFG Hermes One on One takes place in Dubai starting 6 March 2017. Renaissance Capital will host its Egypt Investor Conference in Cape Town 24-25 April 2017.