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China has signed contracts worth USD 571 mn with Egypt for the maintenance and implementation of its planned Al-Salam City-new capital-Tenth of Ramadan electric train line, the Transport Ministry said in a statement. This included a 13-year, USD 110 mn maintenance contract, and USD 461 mn worth of agreements with a number of Egyptian contractors, […]
Author Archives: enterpriseam admin
Posted inSports
Egypt, Cameroon to stage Africa volleyball Olympic qualifiers
Egypt and Cameroon are set to host the African volleyball Olympic qualifiers in January 2020,Xinhua reports. Egypt will host the men’s competition in January, making this the first time that Egypt will organize an Olympic qualifying tournament since the Confederation of African Volleyball headquarters were transferred to Cairo in 2001.
Posted inON YOUR WAY OUT
Nouran Gohar and Ali Farag win 2019 US Open Squash Championships
Nouran Gohar and Ali Farag win 2019 US Open Squash Championships: Egyptian squash champions Nouran Gohar and Ali Farag defeated compatriots Nour El Tayeb and Mohamed El Shorbagy on Saturday to win the 2019 FS Investments 2019 US Open Squash Championships,Eurosport reports. The women’s final was termed one of the greatest in the championship’s history, […]
Posted inON YOUR WAY OUT
Four Egyptian startups selected for Misk 500 Accelerator program
Four Egyptian startups are among the second cohort of the Misk 500 Accelerator program, 500 Startups and Misk Innovation announced in a statement yesterday (pdf). Edtech platform OTO, sock manufacturer In Your Shoe, online construction platform El Mawkaa, and tech recruitment specialist Techie Matter are among the 20 MENA companies chosen for the program, which […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.19 | Sell 16.31 EGP / USD at CIB: Buy 16.2 | Sell 16.3 EGP / USD at NBE: Buy 16.22 | Sell 16.32 EGX30 (Sunday): 14,220 (-0.6%) Turnover: EGP 345 mn (51% below the 90-day average) EGX 30 year-to-date: +9.1% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
October: A forum will be organized by Russia’s Rosatom and the Nuclear Power Plants Authority to introduce local suppliers and contractors to the Dabaa nuclear plant. October: German businessman delegation will visit Egypt to discuss good projects in order to spend German funds into Egypt. October: A delegation of 40-50 Saudi companies will visit Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 October 2019
Egypt’s headline inflation fell in September for the fourth consecutive month in September, beating pretty much everyone’s expectations. The surprisingly benign numbers are fanning the flames of expectation for a third-consecutive interest rate cut when the Monetary Policy Committee next meets on 14 November. We have chapter and verse in this morning’s Speed Round. Ethiopian […]
Posted inEnterprise+: Last Night’s Talk Shows
IMF says Egypt on right path, but concerns remain
The economy was topic du jour on the airwaves last night: IMF gives us love, but concerns remain: El Hekaya’s Amr Adib noted the IMF’s final review of the economic program, which waxed lyrical on our macroeconomic performance but highlighted concerns such as persistently high unemployment and lagging structural reforms (watch, runtime: 05:41). We have […]
Posted inSpeed Round
Egypt’s annual headline inflation falls again in September, clearing the way for more cuts
Headline inflation falls again in September, clearing the way for more rate cuts: Egypt’s annual headline inflation rate dropped for the fourth consecutive month to 4.3% in September from 7.5% in August, its lowest recording in nearly seven years, according to Capmas data (pdf) released on Thursday. Annual urban inflation decelerated to 4.8% — the […]