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EGP / USD CBE market average: Buy 18.74 | Sell 18.92 EGP / USD at CIB: Buy 18.75 | Sell 18.85 EGP / USD at NBE: Buy 18.6 | Sell 18.7 EGX30 (Tuesday): 13,436.1 (+1.29%) Turnover: EGP 1.808 bn (315% above the 90-day average) EGX 30 year-to-date: +8.839% THE MARKET ON TUESDAY: The EGX30 closed […]
Author Archives: enterpriseam admin
Posted inCALENDAR
17-20 January (Tuesday-Friday): World Economic Forum, Davos, Switzerland 17-18 January (Tuesday-Wednesday): Underground Infrastructure & Deep Foundations Egypt, Nile Ritz-Carlton, Cairo. 22-31 January (Sunday-Tuesday): 28th African Union Summit, Addis Ababa, Ethiopia. 24 January - 26 January (Tuesday-Thursday): Global Oil & Gas Middle East and North Africa 2017, Cairo International Convention Center, Cairo. 25 January (Wednesday): Revolution […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 January 2016
A CABINET SHUFFLE IS COMING, expect Sherif Ismail to remain as PM: President Abdel Fattah El Sisi confirmed in the second part of his sit-down with state-owned newspapers that a cabinet shuffle is in the works. Speaking on his faith in the government of Prime Minister Sherif Ismail, the president said a cabinet shuffle is […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Something is happening with the investment and automotive industry acts this week, and we’re hoping for more clarity on both tomorrow. Both Maglis El Dowla and the House are said to be reviewing Dalia Khorshid’s proposed investment act, while — oddly, in our view — the Central Bank of Egypt appears to have taken an […]
Posted inEnterprise+: Last Night’s Talk Shows
Tiran and Sanafir, all anyone wants to talk about; except for Sherif Amer who paid attention that A CABINET SHUFFLE IS COMING
Tiran and Sanafir are all anyone wanted to talk about — except for Sherif Amer, who appears to have been the only talking head to have paid attention to the fact that a cabinet shuffle is coming. We appear, as a nation, to be losing our collective mind over Tiran and Sanafir, islands few had […]
Posted inSpeed Round
Egypt retains highest economic strength assessment in region, risks remain -Moody’s
Moody’s has stable outlook for North Africa and Levant economies, sees Egypt growing 4-4.5%: Moody’s says a lower energy price environment as well as reform momentum in the region are the main drivers for its stable outlook for the Levant and North Africa economies. In a report on 2017 outlook for the region released yesterday, […]
Posted inSpeed Round
Higher Administrative Court rejects gov’t appeal on Tiran, Sanafir
The Higher Administrative Court has handed down a final verdict rejecting the transfer of Tiran and Sanafir to Saudi Arabia,citing what it called government lawyers’ failure to provide evidence that the islands belonged to Saudi Arabia in the first place, Reuters reported. The court had earlier annulled the agreement in June, but an appeal by […]
Posted inSpeed Round
Cabinet shuffle coming soon, says El Sisi
Day two of El Sisi’s interview with state newspapers: Beyond dropping the bomb on the cabinet shuffle, President Abdel Fattah El Sisi’s sit-down with the editors of state-owned newspapers saw the president announce he is forming a political advisory council on both domestic and foreign affairs. Egypt has made tremendous strides in combating the ideology […]
Posted inSpeed Round
Naguib Sawiris in GBP 3 bn mining merger
Naguib Sawiris behind GBP 3 bn merger of gold miners: “Bn’aire Sawiris behind planned Endeavour-Acacia merger,” blares the headline in the Financial Times, suggesting that Naguib is the force moving a merger to create a GBP 3 bn London-listed gold producer. Sawiris and other family members have “large stake” in Toronto-listed Endeavour Mining, which has […]