Back to the complete issue
Thursday, 28 September 2017

On this day: 28 September

ON THIS DAY- On this day last year we were panicking because the EGP had weakened to EGP 13.00 to USD 1 on the parallel market in anticipation of what was seen as an “imminent” devaluation. A year before we were reading President Abdel Fattah El Sisi’s op-ed in the Wall Street Journal and mourning the death of over 55 Egyptians in last year’s hajj stampede. In 1995, Israeli Prime Minister Yitzhak Rabin and leader of the Palestine Liberation Organisation Yasser Arafat signed an agreement giving Palestinians self-rule in the West Bank. Much earlier in history, Confucius was born on this day in 551 BC. Former Canadian Prime Minister Pierre Trudeau, and father of current Prime Minister Justin Trudeau, died on this day in 2000; so did Louis Pasteur in 1895 and Edwin Hubble in 1953. One of favourite quotes from Trudeau Sr., one of Canada’s greatest-ever prime ministers, seems rather apropos this morning: “There’s no place for the state in the bedrooms of the nation.”

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.