• Tuesday, 3 May 2016

    Devaluation is “credit positive” for Egypt, says Moody’s

    Add Moody’s to the list of outfits banging the drum for devaluation, with the ratings agancy saying in a note released this past Friday that March’s 14% devaluation of the EGP and the subsequent hiking of interest rates by 150...
  • Monday, 29 February 2016

    Egypt Tourism Information Briefing on 1 March

    The second Egyptian Tourism Investment Briefing, sponsored by Sahl Hasheesh, gets underway tomorrow at 9:30am at the Ritz-Carlton. More than 100 industry players including global brands, domestic and regional investors, and bankers will gather for the event, which will include...
  • Sunday, 28 February 2016

    Coffee with Magued Sherif, Chief Executive Officer, SODIC

    Four months into his tenure as the new chief executive officer of SODIC, Magued Sherif (official bio) is fully readjusted to life in Egypt, saying that “life in the suburbs has its charms.” The early-rising exercise addict (he’s out of bed...
  • Thursday, 4 February 2016

    Kickstarting Growth

    Could the Central Bank’s new directives be the, uhm, encouragement that Egypt’s banks need? In an increasing trend, the Central Bank of Egypt (CBE) has been leaning on the local banking sector to support fiscal and monetary policy goals as...
  • Tuesday, 2 February 2016

    What the jailing of a 28 year-old artist says about Iran’s plan to double its population

    Atena Farghadani is simply the first, but certainly not the last casualty of Iran's goal to double its population through the systematic repression of its women: The story of jailed 28-year old Iranian artist Atena Farghadani exposed an otherwise-unaware world...
  • Monday, 1 February 2016

    Fortune may yet favor the brave

    As the saying goes, “Fortune favors the brave”. This cannot be more true today, as oil prices take a dip, with a wide array of opinions on what the price will do next. I believe the price will stay low,...
  • Wednesday, 27 January 2016

    EAEF looking to create “parallel fund” for Egypt

    The Egyptian-American Enterprise Fund (EAEF) is working to “facilitate the entry of other institutional investors into the Egyptian market by developing a ‘parallel fund’ that could invest alongside the EAEF,” according to an emailed statement. Saying its size of USD...
  • Tuesday, 26 January 2016

    Enterprise Calendar — The GCC Edition

    26-27 January 2016 (Tuesday-Wednesday): U.S. Federal Reserve’s Federal Open Market Committee meets. Fed chair will not hold press conference. 07-09 Feb 2016 (Sunday-Tuesday): Saudi Water & Electricity Forum, Al Faisaliah Hotel, Riyadh. 09 Feb 2016 (Tuesday): National Sports Day, National...
  • Sunday, 24 January 2016

    Why MENA should welcome slower growth in China

    By Simon Kitchen Two decades of strong growth in China has been good for the MENA (Middle East and North Africa) region. Demand for energy has kept oil prices high, and high rates of saving in China have been as...

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