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IBM is investing in Africa’s workforce: IBM is ramping up its digital skills training program to accommodate as many as 25 mn Africans in the next five years, “looking toward building a future workforce on the continent,” Loni Prinsloo writes for Bloomberg. The company is investing USD 70 mn to roll out the program in […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Endowments Ministry appoints 144 female preachers
The Religious Endowments Ministry officially appointed 144 female preachers, the first time women have earned that designation, Youm7 reported. The women will run all-female classes at major mosques around the country.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.52 | Sell 17.66 EGP / USD at CIB: Buy 17.4 | Sell 17.5 EGP / USD at NBE: Buy 17.47 | Sell 17.52 EGX30 (Sunday): 12,922.44 (-1.47%) Turnover: EGP 777.4 mn (79% above the 90-day average) EGX 30 year-to-date: +4.678% THE MARKET ON SUNDAY: The EGX30 closed […]
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. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 February 2017
Is the EGP strengthening? From lows in the range of 19.50 to the greenback, the EGP has strengthened to an average sell rate of 17.99. But we’re getting conflicting signals on what’s behind the stronger EGP: Lower demand or better supply? A leading manufacturer tells us it’s a drying up of demand as companies lack […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
New UN sec-gen to visit El Sisi: Newly-appointed UN Secretary General Antonio Guterres will be visiting Egypt, Qatar, Oman and the UAE as part of his Middle East tour, Reuters reports. The diplomat began his tour with a visit to Istanbul on Friday and is set to meet with Saudi Arabia’s King Salman today. The […]
Posted inWhat We’re Tracking This Week
100% Egyptian Cotton at London’s International Fashion Showcase 2017
“100% Egyptian Cotton” to be featured at London’s International Fashion Showcase 2017 presented by Mercedes-Benz. Due to run 17-21 February, 100% Egyptian Cotton is billed “a fashion installation featuring Egypt’s best emerging designers.” Egypt is the only Arab country to be represented in this year’s show. The installation is being curated by Susan Sabet, a […]
Posted inON THE HORIZON
On the horizon
German Chancellor Angela Merkel is set to visit Egypt sometime in March, Egypt’s ambassador in Berlin Badr Abdel Atti said. This comes as US President Donald Trump has reportedly invited President Abdel Fattah El Sisi to visit the White House. We’re watching closely for signs the day may be announced.
Posted inEnterprise+: Last Night’s Talk Shows
The new economy, the new cabinet, Lionel Messi
It was an eventful night at the airwaves, with the talking heads discussing everything from the economy to Trump campaign adviser Walid Phares, to Lionel Messi’s visit to Egypt this week. Hona Al Assema’s Lamees Al Hadidi appeared weary of the optimism about a strengthening EGP. Despite an improved exchange rate, importers seeing the backlog […]