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Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The first week of the new year looks like it might be a quiet one after all, with no major conferences or events scheduled as far as our radars can see except for Coptic Christmas on Saturday 7 January, which is a national holiday. We don’t expect the government will be giving us 8 January […]
Posted inON THE HORIZON
On the horizon
We’re going to be thinking a lot about 2017 in the days ahead, culminating with our publication early next week with our first-ever CEO Poll, which looks at what some of Egypt’s most high-profile chief executives expect of the new year. With that in mind, we have two international stories worth reading. The Wall Street […]
Posted inEnterprise+: Last Night’s Talk Shows
Ibrahim Eissa goes off air, ACA investigating bribery allegations at Maglis El Dowla
Ibrahim Eissa’s show has been pulled off air at his request, broadcaster Al Kahera Wal Nas said in a statement yesterday. Eissa will take time off to focus more on his writing, according to a statement carried by Al Masry Al Youm. Eissa also issued a statement, thanking the channel, the staff, and his viewers, […]
Posted inSpeed Round
Gov’t approves investment law draft
Habemus investment act: The Ismail cabinet approved the final draft of the investment act at its meeting last Thursday and sent it to the State Council (Maglis Al Dowla) for final review prior. The Council will then forward the law to the House of Representatives for debate. Investment Minister Dalia Khorshid said her ministry has […]
Posted inSpeed Round
CBE keeps interest rates on hold, allows companies to repay foreign currency debt over as many as to three years
CBE leaves interest rates unchanged, says it already moved preemptively: The central bank’s Monetary Policy Committee (MPC) decided to keep interest rates unchanged during its last meeting of 2016, moving with market expectation. The overnight deposit rate remains at 14.75% and the overnight lending rate at 15.75%. The CBE had increased rates by a total […]
Posted inSpeed Round
CBE reports USD 1.9 bn BoP surplus in 1Q2016-17
Egypt’s balance of payments (BoP) recorded a surplus of USD 1.9 bn in 1Q2016-17, driven primarily by a net inflow of USD 7.1 bn in the capital and financial account, the CBE reported. The trade balance in the three months ending September 2017 narrowed to USD 8.67 bn from USD 10.01 bn a year earlier […]
Posted inSpeed Round
Gov’t approves agreement to transfer Tiran and Sanafir to Saudi Arabia, court approves
Has the endgame in the rift with KSA begun? The Ismail government approved an agreement to transfer the Tiran and Sanafir islands to Saudi Arabia on Thursday and passed it on to the House of Representatives for approval. On Saturday, the “appeals court in Cairo upheld a verdict by a lower court that annulled a […]
Posted inSpeed Round
Egypt haggles in the wheat market, manages to secure discounts
GASC, the world’s largest wheat trader, is flexing its muscles: Egypt’s haggling power in the global wheat market is back in full force, Bloomberg reports. The world is overloaded with wheat and Egypt, “bought 235,000 metric tons of wheat in a tender Thursday and managed to pay an average 82 cents a metric ton less […]
Posted inSpeed Round
El Sisi gives nod to pharma price pacts, calls for more investment in the industry
El Sisi gives nod to pharma price pact, calls for more investment in industry: President Abdel Fattah El Sisi appeared to give a nod yesterday to an agreement between big pharma and the Health Ministry that would allow manufacturers hit by spiraling input costs to raise prices on a pre-determined schedule. A statement carried by […]