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The EGX cancelled all trades in Qalaa Holdings (QH) shares made yesterday prior to the company’s shares being suspended pending its explanation of why it believed its share price has surged of late, Al Borsa reports. Qalaa shares have been among the day’s top gainers in recent trading sessions with exceptionally high volumes. In a […]
Author Archives: enterpriseam admin
Posted inSpeed Round
2016 was the worst year for portfolio flows to emerging markets since the global financial crisis
2016 was the worst year for portfolio flows to emerging markets since the global financial crisis trough of 2008, according to figures released yesterday by the Institute of International Finance (pdf). A “dismal” reading in December “cuts total net non-resident EM portfolio inflows for 2016 to just USD 28 bn — the weakest year since […]
Posted inTHE MACRO PICTURE
Summers and Eurasia Start the New Year With Dire Global Warnings
Donald Trump (who had an awfully good day yesterday between the Ford jobs announcement and his criticism of Republican lawmakers) is creating “major uncertainty” and the world is going into a period of “geopolitical recession.” Thank you, Bloomberg, for the not-so-rosy look at why 2017 may be a lot worse than many had feared. On […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Another beautifully quiet news day for Egypt in the international press on 4 January 2017
It’s another wonderfully quiet news day for Egypt in the international press: Angus Blair, head of the Signet Institute and chief operating officer at Pharos, speaks with Bloomberg on “Will the EGP hold steady in 2017?” (watch, run time: 2:27) Stratfor suggests that Egypt and Ethiopia will “find common ground despite the ongoing construction of […]
Posted inOn Deadline
Calls by business for presidential intervention are a policy failure
Calls by business for presidential intervention are a policy failure, former deputy Prime Minister Ziad Bahaa El Din suggest in his weekly Al Shorouk column. He does not believe the government was prepared to respond to the economic and social ramifications of the EGP float, although he sees it as having been the right (if […]
Posted inOn Deadline
Tiran and Sanafir case shows a split in the judiciary and a visionless gov’t
The series of events surrounding the Tiran and Sanafir case — from the initial announcement last April to the contradictory court rulings on the matter — highlight a split in the country’s judiciary and a government that takes actions without a vision or consideration for the repercussions, Mahmoud Khalil says in a column penned for […]
Posted inWorth watching
The ages at which humans peak at everything, according to science
If you tend to fret about how fleeting time is, you might not want to upset yourself with this video: Scientific studies have established the ages at which certain behaviors and characteristics reach their all-time high, a video on Business Insider shows. Although we’re guessing that most of our readers have passed the milestones when […]
Posted inDiplomacy + Foreign Trade
Haftar has no plans to talk with rival in western Libya
Eastern Libya’s military leader Khalifa Haftar has no plans to talk with Fayez Seraj, who heads the internationally recognised government in Tripoli, a source told Reuters. Haftar, who has close ties to Egypt and the UAE, was reportedly going to discuss the possibility of forming a government of national union with Seraj, but now says […]
Posted inEnergy
IOC receivables down to EGP 3.5 bn by 2016’s end -El Molla
Receivables due from EGPC to IOCs have dropped to USD 3.5 bn in 2016’s end, down from USD 3.6 bn at the end of September, Oil Minister Tarek El Molla said. The government bought USD 5.4 bn worth of crude and natural gas from IOCs last year and paid USD 5.5 bn, El Molla clarified, […]