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Egypt is launching a new initiative to test and treat recovering drug addicts from Hepatitis C as part of a larger drive to eradicate the disease from the country, Social Solidarity Minister Ghada Wali announced on Sunday, according to Ahram Online. Waly also announced that women are the primary breadwinners for at least a quarter […]
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7576 | Sell 15.8606 EGP / USD at CIB: Buy 15.75 | Sell 15.85 EGP / USD at NBE: Buy 15.75 | Sell 15.8 EGX30 (Sunday): 12,549 (-0.8%) Turnover: EGP 716.4 mn EGX 30 year-to-date: +1.7% THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session 0.8% down. CIB, […]
Posted inCALENDAR
20-21 February (Monday-Tuesday): Fulbright Student Alumni Regional Conference: Contemporary Health Issues, Conrad Hotel, Cairo. 20-22 February (Monday-Wednesday): 20th International Conference on Petroleum Mineral Resources and Development, Egyptian Petroleum Research Institute, Cairo. 23 February (Thursday): Potential date for resumption of flights between Egypt and Russia, according to Izvestia newspaper. 06-08 March (Monday-Wednesday): 13th EFG Hermes One […]
Posted inWhat We're Tracking Today
What we’re tracking on 19 February 2017
Keep an eye on the EGP today. The pound is flirting with the EGP 16.00 barrier this morning, with the CBE quoting a 16.0038 / 16.1062 buy / sell split in its table of average market rates for Thursday. Anecdotal evidence over the weekend suggests to us that small-time USD hoarders are selling into the […]
Posted inWhat We're Tracking Today
100% Egypt Cotton on display at London Fashion Showcase
100% Egypt Cotton, a fashion installation featuring some of Egypt’s best emerging designers, continues at London’s International Fashion Showcase 2017 until Tuesday. The installation, sponsored by our friends at CIB, opened Thursday night. Designers were welcomed at the Egyptian ambassador’s residence for a reception on Friday night. A friend who sent in photos from the […]
Posted inON THE HORIZON
On the horizon
Finance Minister Amr El Garhy will appear before the House of Representatives next week to discuss budget deficit projections, public debt, and what MPs are characterizing as a delay in presenting the USD 12 bn IMF loan agreement to the House for review, sources tell Al Borsa. Representatives have reportedly been growing concerned with the […]
Posted inEnterprise+: Last Night’s Talk Shows
Talking heads channelling frustrations on inflation; Interviews with Tarek Kabil and Libya’s General Haftar
Prices and why aren’t they falling fast enough was all the talking heads could discuss last night, and in a blessed change of pace after hours of complaints from The Talking Heads that prices aren’t falling in lock-step with a strengthening EGP, Trade and Industry Minister Tarek appeared with Lamees El Hadidy on Hona Al […]
Posted inSpeed Round
MPC maintains key interest rates in Thursday meeting
CBE leaves key interest rates on hold for the third consecutive meeting: As many had been anticipating, the Central Bank of Egypt’s Monetary Policy Committee (MPC) decided on Thursday to leave overnight deposit and lending rates unchanged at 14.75% and 15.75%, respectively, according to a CBE statement (pdf). January’s record-high inflation rate was the primary […]
Posted inSpeed Round
International optimism about Egypt’s economy continues
International optimism about Egypt’s economy continues: Economists at Bank of America Merrill Lynch see declining bond yields as one of the primary indicators that stabilizing foreign reserves and an appreciation of the EGP are drawing in foreign investors, according to its February insight report. The report takes the view the reform agenda has galvanized demand […]