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EGP / USD CBE market average: Buy 16.38 | Sell 16.51 EGP / USD at CIB: Buy 16.4 | Sell 16.5 EGP / USD at NBE: Buy 16.45 | Sell 16.5 EGX30 (Wednesday): 12,448.35 (-0.44%) Turnover: EGP 861.1 mn (98% above the 90-day average) EGX 30 year-to-date: +0.838% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 16 February (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 18 February (Saturday): Egyptian-Turkish Business Forum conference. 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, […]
Posted inWhat We're Tracking Today
What we’re tracking on 15 February 2017
EFSA staff, brokers implicated in scam to defraud investors: Staff at the nation’s financial regulator and employees at an unnamed brokerage house are alleged to have colluded to defraud investors by siphoning mns of EGP from brokerage accounts using forged documents. The allegation has been levelled by Mohamed Erfan, the widely respected chairman of the […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Central Bank of Egypt’s Monetary Policy Committee to leave interest rates unchanged when it meets on Thursday, a Reuters poll suggests.
Posted inON THE HORIZON
On the horizon
Investor conferences on the horizon: HSBC’s MENA & Turkey Equity Conference takes place in Dubai next Wednesday (22 February) JP Morgan’s Global Emerging Markets Corporate Conference kicks off in Florida on 27 February The EFG Hermes One on One takes place in Dubai starting 6 March 2017 Renaissance Capital will host its Egypt Investor Conference […]
Posted inEnterprise+: Last Night’s Talk Shows
Cabinet shuffle fills the airwaves with interviews from new appointees, views from inside the House
The cabinet shuffle was the only thing of note on the minds of the nation’s Talking Heads, prompting Finance Minister Amr El Garhy to make the rounds for the second day in a row. Al Hayah Al Youm’s Tamer Amin spoke with El Garhy on the merger of the ministries of investment and international cooperation. […]
Posted inSpeed Round
Sahar Nasr to head a merged Ministry of Investment of International Cooperation
We have a cabinet; El Garhy and Kabil keep their posts. The House of Representatives has approved a cabinet lineup with eight new faces and one already-serving minister taking on an expanded portfolio. We can confirm (with much relief) that the ministers of finance (including deputies), trade and industry, and electricity will remain in their […]
Posted inSpeed Round
Finance Ministry stands its ground on subsidies
Finance Ministry stands its ground on subsidies as El Moselhy takes over Supply Ministry: It is unlikely that more subsidized goods will be tacked on to the subsidies system in the near future, said Deputy Finance Minister Mohamed Maait. He tells Al Mal that raising the monthly allotment of subsidized goods to EGP 21 from […]
Posted inSpeed Round
Global oil majors dish out love for Egypt
Global oil majors dish out love for Egypt: The oil and gas industry has given us two of the best headlines to come out of Egypt in recent weeks: “Eni, BP Pouring More Investment Into Egypt Than Anywhere Else” (Bloomberg) and “Oil companies bullish on Egypt, eyeing more investment, discoveries” (Reuters). The occasion was the […]