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EGP / USD CBE market average: Buy 18.1026 | Sell 18.4394 EGP / USD at CIB: Buy 17.95 | Sell 18.26 EGP / USD at NBE: Buy 18 | Sell 18.25 EGX30 (Monday): 12,290.61 (-0.44%) Turnover: EGP 999.41 mn (130% above the 90-day average) EGX 30 year-to-date: -0.44% THE MARKET ON MONDAY: The benchmark index […]
Author Archives: enterpriseam admin
Posted inCALENDAR
07 January (Saturday): Coptic Christmas, national holiday. 13 January (Friday): Egypt to attend Africa-France Summit 2017 in Mali. 25 January (Wednesday): Revolution (police) day, national holiday. 30 January – 2 February 2017 (Monday-Thursday): Arab Health Exhibition, Dubai International Convention & Exhibition Center, UAE. 14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 31 […]
Posted inWHAT WE’RE TRACKING TODAY
PSA #1: How to get your fuel smart card
Public service announcement #1: If you, like us, haven’t obtained a fuel smart card, now may be the time to look into it. As exactly none of us here have yet done so, a handful of us will be trying to register vehicles in the coming days — Egyptian and foreigner, in Arabic and in […]
Posted inWHAT WE’RE TRACKING TODAY
PSA #2: Get rid of round GBP 1 coins
Public service announcement #2: Get rid of round GBP 1 coins before 15 October. New 12-sided pound coins go into circulation on 28 March 2017, and any existing coins will become worthless on 15 October. Given GBP 1 equals roughly EGP 6.02×10^23, you may want to think seriously about spending those pounds or exchanging them […]
Posted inWHAT WE’RE TRACKING TODAY
US Customs and Border Protection system is down, which means you’re not gonna get into Amreeka in the next few hours
Public service announcement #3: God help you if you’re en route to America as you read this. From The Verge: “Massive lines at US airports after nationwide customs outage: A problem in the computer systems used by United States Customs and Border Protection (CBP) authorities has left thousands stuck in airports and unable to enter […]
Posted inWHAT WE’RE TRACKING TODAY
Still thinking about the shape of the year? We certainly are — we just need to get far enough down our task list to give it the time it deserves. On that topic: We’ll have our first-ever CEO poll for you next week, and in the meantime recommend two Financial Times pieces on what to […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Emirates NBD Egypt PMI by Markit is due out tomorrow morning by 6:15am or so. The Saudi and UAE PMIs are due out at the same time. Strong reserves report expected: The central bank is expected to tell us by Thursday how much reserves were in its coffers at the end of 2016, and […]
Posted inON THE HORIZON
On the horizon
Look for news on the eurobonds in the coming 2-3 weeks. We expect the Finance Ministry to announce Egypt’s planned USD 2.5-3 bn eurobond issuance sometime in the coming two to three weeks. The plan, as announced in December, was to move ahead with the issuance mid-January. Deputy Finance Minister Mohamed Maait said at the […]
Posted inEnterprise+: Last Night’s Talk Shows
Suicide of senior judge in police custody dominates airwaves last night
A senior Egyptian judge arrested early this week on corruption charges was found dead in his detention cell yesterday and is believed to have committed suicide, Reuterssaid. Wael Shalaby, a deputy chief justice in the administrative courts system and secretary-general of Maglis Al Dowla, had been arrested on suspicion of bribery and corruption along with […]