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Egypt has inaugurated the African Cinema Club at the Cairo Opera House’s Hanager Cinema as part of a bid to “deepen cultural and political ties” with African countries, Al-Monitor reports. Screenings are scheduled to take place on the first Saturday of every month.
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.34 | Sell 18.48 EGP / USD at CIB: Buy 18.35 | Sell 18.50 EGP / USD at NBE: Buy 18.3 | Sell 18.35 EGX30 (Monday): 12,849.42 (-0.26%) Turnover: EGP 1.498 bn (252% above the 90-day average) EGX 30 year-to-date: +4.087% THE MARKET ON MONDAY: The EGX30 ended […]
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
What we’re tracking on 6 February 2017
The Finance Ministry was expected to sign off yesterday on accounting regulations governing how businesses treat expenses incurred in sourcing FX outside the banking system for the period between 1 January 2016 to 3 November 2016, according to statements by Deputy Finance Minister Amr El Monayer picked up by Al Mal. As we noted last […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Prime Minister Sherif Ismail deflected rumors that candidates for cabinet posts are turning down the opportunity to serve because of the low salary paid to ministers, Al Shorouk reported. There’s still no word on when the new lineup will be announced; a spokesman for Ismail said late last week that it is still a work […]
Posted inON THE HORIZON
On the horizon
Interest rate watch: The Central Bank of Egypt’s Monetary Policy Committee will meet on Thursday, 16 February to review rates. The MPC’s full-year 2017 schedule is here. Flights from Russia to resume? Keep an eye on 23 February, the date state-owned Russian news service Sputnik said had been penciled in for the likely resumption of […]
Posted inEnterprise+: Last Night’s Talk Shows
Football, football, football, no pharma strike, football
As we expected, the African Cup of Nations final was on everyone’s mind last night, and the talking heads were no different. Hona Al Assema’s Lamees Al Hadidi sums up our thoughts perfectly on the national team's performance: “We never expected to reach this stage in the championship … we are winners anyway.” Sports writer […]
Posted inSpeed Round
Cameroon defeats Egypt 2-1 to take home Afcon 2017 title
Cameroon walked away with the African Cup of Nations championship after defeating Egypt 2-1 in what was a disappointing final for Egypt’s national team. Unlike previous games that saw the Pharaohs scoring in the last minutes, Mohamed Elneny — who sat out the last two games due to injury — scored in the 22nd minute […]
Posted inSpeed Round
PMI reading points to another month of worsening business conditions
Waiting for Godot: There is little evidence an economic recovery is underway, according to the Emirates NBD Egypt’s PMI reading, which registered 43.3 in January. “Egypt’s non-oil private sector began 2017 in the same way that it ended 2016, with economic conditions worsening again. Underpinning the downturn were ongoing reductions in output and new orders,” […]