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EGP / USD CBE market average: Buy 18.2877 | Sell 18.4149 EGP / USD at CIB: Buy 18.20 | Sell 18.30 EGP / USD at NBE: Buy 18.2 | Sell 18.25 EGX30 (Tuesday): 13,129.27 (+2.18%) Turnover: EGP 1.722 bn (292% above the 90-day average) EGX 30 year-to-date: +6.353% THE MARKET ON TUESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
26 January - 10 February (Thursday-Friday): Cairo International Book Fair, Nasr City fairgrounds. 08 February (Wednesday): N Gage Debate on National Food Safety Authority, Four Seasons Hotel Nile Plaza, Cairo. 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. 23 February (Thursday): […]
Posted inWhat We're Tracking Today
Downtown Cairo is angling for a new lease on life
Downtown Cairo is angling for a new lease on life. We have, for nearly two decades now, been fascinated by the notion of redeveloping Downtown using a model not dissimilar to that used by Solidere in Beirut. It’s an idea to which we were first introduced by Alaa Saba, who went on with Karim Shafei, […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Among the other stories on which we’re keeping an eye this fine winter morning: A cabinet shuffle is still in the cards, but Prime Minister Sherif Ismail is yet to provide guidance on which it might be announced. A delegation from the Confederation of Indian Industry is expected in Egypt between tomorrow through Friday, Ahram […]
Posted inEnterprise+: Last Night’s Talk Shows
Verbal divorce is now Egypt’s crusade of the week; Russians appear to be satisfied with our airports
Verbal divorce has now become the social cause celebre of the week and has crossed over to the airwaves. Expect to hear more on this in the short term. The House of Representatives’ Religious Affairs Committee plans to draft legislation that would ban men from verbally divorcing their wives, MP Amr El Hamroush told Al […]
Posted inSpeed Round
Electricity prices set to increase in July
We’re all going to start paying more for electricity come July: The Electricity Ministry is repricing electricity following the increase in fuel prices as a result of the EGP flotation, ministry spokesman Ayman Hamza told Al Shorouk, without providing details on the new pricing formula. The move comes as the Ismail government is under pressure […]
Posted inSpeed Round
Shoukry to meet EU foreign ministers, but there’s no refugee deal for Egypt on the table
Shoukry to meet EU foreign ministers, but there’s no refugee deal for Egypt on the table: Foreign Minister Sameh Shoukry has been invited to attend next month’s meeting of European Union foreign ministers, but a long-rumored financial assistance package to curb the flow of refugees to Europe is not in the cards. That’s the word […]
Posted inSpeed Round
Natural gas from East Med could supply Europe if disputes are resolved
Natural gas reserves in the East Mediterranean can fuel Europe, David Wainer writes in an evergreen story for Bloomberg. Looking at gas from Egypt, Cyprus, and Israel, Wainer writes: “hundreds of miles of undersea pipelines will cost [bns of USD] and pose a technical challenge for their designers. And even that task is dwarfed by […]
Posted inSpeed Round
AMOC to issue GDRs
The Alexandria Mineral Oils Company (AMOC) board has approved converting 10% of the company’s shares into GDRs, Al Mal reported. We had earlier reported that the company could be offering an additional 10-20% of its shares in 2017, having originally floated 20% of its shares in 2014.