![]() ![]() The bourse has tapped Al Ahly Pharos to help manage the roadshow, with EGX boss Rami El Dokany set to meet with as many as 100 regional and international financial institutions, the source said.įuel prices to rise this month? We’re expecting the government to hike fuel prices for the seventh consecutive quarter when the fuel pricing committee meets this month. The EGX is looking to drum up interest in listed companies on a roadshow to Dubai and Abu Dhabi later this month, an EGX source told Enterprise. We’ll be back with the results in a couple of weeks.īread reform committee should get House approval on Sunday: The House should approve Supply Minister Ali El Moselhy’s proposal to form an ad hoc committee to look into possible changes to the country’s massive bread subsidy program during its session on Sunday, 16 October. Take a few minutes to fill out our short survey. We want to hear from you: We’re taking the pulse on how the nation feels about Egypt’s nascent EV transition. Take our EV survey: Are you an ex-petrolhead shopping around for your first electric vehicle? EV-curious and wondering what all the fuss is about? Or are you not ready to say goodbye to that sweet smell of benzene as you wait at the gas station? Egypt’s external debt dropped 1.3% q-o-q to USD 155.7 bn during the fourth quarter of last fiscal year (from April-June 2022), down from an all-time high of USD 157.8 bn the preceding quarter.The Siemens-built, 4.8 GW combined-cycle power plant in Beni Suef has reportedly been tapped as the first of the three plants to be transferred to the Sovereign Fund of Egypt’s (SFE) pre-IPO fund before the end of the year.An assistance package from the IMF is in the “final confirmation” stage, Finance Minister Mohamed Maait said on the sidelines of the IMF / World Bank Annual Meetings.** CATCH UP QUICK on the top stories from today’s EnterpriseAM: The story is on the front pages of the Wall Street Journal, the New York Times, and the Financial Times this afternoon. ![]() The core inflation figure, which strips out food and energy costs, rose 0.3 percentage points from August. US core inflation hit a four-decade high in September, although the consumer price index rose at a slower pace during the month, coming in at 8.2%, according to Bureau of Labor Statistics data. The statement also reiterates Egypt’s calls for Russian and Ukraine to reach a diplomatic solution to the conflict. The entry has been updated on our website and we apologize for the error.Įgypt backs UN resolution condemning Russia’s Ukraine annexations: Egypt voted in favor of a UN General Assembly Resolution earlier this week condemning Russia for annexing several regions in Ukraine and demanding that Russia reverse the move, the Foreign Ministry said in a statement. It was digital banking app Telda that raised the round. The slide into the weekend is much calmer than we had anticipated, as the news cycle takes a bit of a breather this afternoon.ĬORRECTION- In this morning’s edition of EnterpriseAM, we incorrectly wrote in the TL DR that Trella raised a USD 20 mn round. ![]()
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