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Careem has introduced a new mobile wallet feature, Careem Pay, which allows users in Egypt, the UAE, and Pakistan to top up their mobile phone credit, the company told MENAbytes last week. The feature is available on all leading mobile networks in the three countries, with Android users already able to access it through an […]
Author Archives: enterpriseam admin
Posted inSports
10,000 fans allowed to attend Egypt Super Cup
10,000 fans will be allowed into the Egypt Super Cup between Al Ahly and Zamalek next Friday at Borg El Arab Stadium, according to KingFut. After the success of the African Cup, the Egyptian Football Association is slowly reintegrating fans into the stadiums, with 5,000 fans allowed to attend for each team.
Posted inON YOUR WAY OUT
UNWTO names Egypt’s PeopleToPeople campaign best promotional movie in the Middle East
Egypt’s PeopleToPeople campaign has been named “the best promotional movie in the Middle East” by the World Tourism Organization (UNWTO). The announcement came at the latest meeting of UNWTO’s General Assembly, which took place in St Petersburg between 9 and 13 September. PeopleToPeople, curated by global travel brand Beautiful Destinations, was released last month and […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.35 | Sell 16.48 EGP / USD at CIB: Buy 16.35 | Sell 16.45 EGP / USD at NBE: Buy 16.37 | Sell 16.47 EGX30 (Thursday): 15,110 (+0.6%) Turnover: EGP 839 mn (36% above the 90-day average) EGX 30 year-to-date: +15.9% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
17 September (Tuesday): E-Commerce Summit 2019, Nile Ritz Carlton, Cairo. 17-18 September (Tuesday-Wednesday): US Federal Open Market Committee will hold its two-day policy meeting to review the interest rate. 18 September (Wednesday): Egyptian Private Equity Association’s venture capital event (pdf) at the Conrad Hotel, Cairo. 21 September (Saturday): Cairo’s streets get really, really crowded as […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 September 2019
Reactions to Tuesday’s unexpected inflation figures continue to roll in: August’s inflation figures could give the central bank room to cut rates by 150 bps between now and the end of the year Anita Yadav, vice chair of the Gulf Bond and Sukuk Association, told Bloomberg TV yesterday (watch, runtime: 5:41). And if it goes […]
Posted inEnterprise+: Last Night’s Talk Shows
Mixed bag of nuts on a quiet night on Egypt’s airwaves
Last night was a mixed bag of nuts on a rather humdrum night on the airwaves. Banking system statistics, healthcare, and national projects were among the topics keeping the country’s talking heads occupied. Deposits by Egyptians in local banks reached EGP 4 tn for the first time, the Central Bank of Egypt’s latest statistical monthly […]
Posted inSpeed Round
EBRD, Sawiris Foundation team up to develop Egyptian SMEs
EBRD and SFSD team up to develop Egyptian SMEs: The European Bank for Reconstruction and Development (EBRD) and the Sawiris Foundation for Social Development (SFSD) are partnering up to support the development and expansion of SMEs in Egypt, focusing on those of young people and women, according to an EBRD statement (pdf). Training programs for […]
Posted inSpeed Round
Egypt, World Bank sign USD 500 mn facility extending social safety program
In other news from international financiers: Egypt, World Bank sign USD 500 mn facility to extend social safety net: Investment Minister Sahar Nasr and World Bank director in Egypt Marina Weis have signed an agreement to extend a program to support Egypt’s social safety net for three years, the ministry said in a statement. The […]