Back to the complete issue
Wednesday, 23 November 2016

Also in the news: Mexico’s bourse isn’t doing badly

Other stories at home and abroad worth noting this morning:

  • Donald Trump has establishment Washington, the mainstream press up and the alt-right up in arms. The US president-elect earned the ire of his right-wing supporters when he backed away from a promise to “lock up” rival Hillary Clinton for her use of a personal email server, saying he doesn’t want to cause the Clintons “pain” and wants Hillary to have time to “heal” after having lost the election. Nobody in the US appears to be cheering his decision to “keep an open mind” about whether to withdraw the US from last year’s Paris climate change treaty, It goes on. The best place to start: Trump’s interview yesterday with the New York Times, which reporters live-tweeted.
  • A record collapse of the Turkish lira is “causing headache for Turkey’s central bank,” the FT notes. Meanwhile, Erdoland has withdrawn a bill that would have allowed men guilty of statutory [redacted] with underage girls to avoid jail time by marrying their victims, the BBC reports.
  • We’re delighted to report that our friends in Mexico aren’t doing so badly despite the rise of Mr. Trump. The Financial Times has a nice overview here, noting that while Mexico’s IPC is down more than 7% since Trump’s election, it’s still beating the CAC and DAX on a YTD basis.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.