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Look for cold temperatures and winds nationwide, with overnight lows tonight in the single digits — dropping as far as 3-4°C in Assiut and Sohag, according to Ahram Online. The ports of Dekheila and Alexandria were both shut yesterday due to high waves and winds.
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Ismail to meet investors caught upside down by float: Prime Minister Sherif Ismail is set to meet with a delegation from the Egyptian Union of Investor Associations sometime this week to discuss fallout from the float of the EGP, Ahram Gate reports. Health Ministry to unveil pricing strategy on Thursday: The Health Ministry plans to […]
Posted inON THE HORIZON
On the horizon
The Egypt-Jordan Business Council will meet in Cairo on 15 January and will feature 14 firms in renewable energy, contracting, real estate investment, tourism, automobiles, and export industries, Al Masry Al Youm reported.
Posted inEnterprise+: Last Night’s Talk Shows
Women won’t be conscripted, five-year plan for sermons
Talk show hosts had religion on the brain last night. Lamees El Hadidy started off last night’s episode of Hona Al Assema with President Abdel Fattah El Sisi’s announcement last Friday that the new Administrative Capital will be home to the largest church and mosque in the country around this time next year. Members of […]
Posted inSpeed Round
Pharma producers reportedly refuse chronic disease-treatment classification, demand price increases across the board
International pharma producers have reportedly refused the government’s proposal to only increase prices medications for non-chronic diseases, Al Mal reported. International producers have reportedly submitted the government a list of all their products, expecting their prices to increase by 20% across the board, regardless of whether or not they are for chronic diseases. There were […]
Posted inSpeed Round
CBE reserves end 2016 at USD 24.3 bn
The Central Bank of Egypt had reserves totaling USD 24.3 bn at the end of 2016, after adding USD 1.2 bn to the balance recorded in November and registering the highest balance since August 2011. Last week we speculated the central bank would manage to surpass Governor Tarek Amer’s verbal target of USD 25 bn […]
Posted inSpeed Round
EGP expected to appreciate 14% this year -The Economist
The EGP is among 12 currencies expected to appreciate against the USD in 2017, Economist Intelligence Unit chief economist Simon Baptist writes. “Our most bullish call is for the EGP; we think that the markets have overshot after the welcome float of late 2016 and expect a 14% appreciation this year,” he added. Current account […]
Posted inSpeed Round
Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year
Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year, the Wall Street Journal notes in its This Week on the Frontiers column. Citi frontier markets analyst Andrew Howell says investors the bank surveyed in December “are enthusiastic about the prospects for a handful of markets” including […]
Posted inSpeed Round
Egypt’s eurobond faces competition from Brazil, Nigeria, Honduras, among others
Egypt’s eurobond issuance faces competition. Quoth the Financial Times: “Patrick Esteruelas, head of research at EMSO Asset Management in New York, pointed out that there was likely to be a flurry of issuance from emerging markets in January, with Brazil, Honduras, Nigeria, Egypt, Saudi Arabia and the Philippines all sounding out investors.” The piece focuses […]