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MENA <> India Corridors 
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V-Day spending in MENA: Data from MasterCard tells us most people in Egypt delay their Valentine’s Day birthday to a last minute dash. The MasterCard Love Index showed that MENA bucked the global trend in terms of flower sales, pushing them up by 30% over the last three years. Overall, the data also shows that […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
German archaeologists discover children’s footprints and painted murals near Qantir
German archaeologists discover children’s footprints and painted murals near Qantir: Archaeologists working near modern Qantir, have discovered children’s footprints preserved in mortar and fragments of a large painted wall, both dated to roughly the era of Pharaoh Ramses II. There are some indications that a fresco technique, similar to that used by contemporary Mycenaean Greeks, […]
Posted inON YOUR WAY OUT
Court unfreezes Salem’s assets
A criminal court has overturned a decision to freeze the assets of Mubarak-era business tycoon Hussein Salem and his family, Ahram Online reported.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 16.5103 | Sell 16.6138 EGP / USD at CIB: Buy 16.5 | Sell 16.6 EGP / USD at NBE: Buy 16.53 | Sell 16.58 EGX30 (Tuesday): 12,503.73 (-1.85%) Turnover: EGP 1.021 bn (143% above the 90-day average) EGX 30 year-to-date: +1.286% THE MARKET ON TUESDAY: The EGX ended […]
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 14 February 2017
Happy Valentine’s Day, wonderful readers. It looks like we’re getting a basket of gifts, including positive economic indicators, a love letter from America, a tub-tub from the head of the EBRD and … a new cabinet? That’s right, folks: A new cabinet. We look to be hours away from learning who keeps their seats and […]
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. Nine out of 13 economists polled forecast the bank will hold overnight deposit rates at 14.75% and overnight lending rates at 15.75%. "Higher interest rates will not help curb inflation which is elevated […]
Posted inEnterprise+: Last Night’s Talk Shows
El Garhy, Kouchouk tout economic progress on Hona El Asema; Messi interviewed by Adib (this should be good); oh, yeah, and cabinet stuffs
The Guess-a-thon of who will be sitting around the cabinet table (it really should be a game show at this point) was the talk in the airwaves last night. We have chapter-and-verse in Speed Round, and the Talking Heads added little to our base of knowledge, so here’s the rest of it: The IMF delegation […]
Posted inSpeed Round
It’s cabinet shuffle day, and here are the likely incoming ministers
It’s cabinet shuffle day as the House of Representatives is set to vote on Prime Minister Sherif Ismail’s new line-up, having received the final roster from the PM last night. The list of ministers has been leaking piecemeal to the press, and there have been a handful of contradictory reports. Based on a statement last […]