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President Abdel Fattah El Sisi approved yesterday a EUR 4 mn grant for Egypt from a multi-donor trust fund signed with the African Development Bank (AfDB) in February, Egypt Today reports. The funds will go to Tanmia Wa Tatweer, Egypt’s Entrepreneurship Development Project, which is managed by the AfDB. It is intended to support innovation […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
NPA to announce new digitization strategy for Egyptian state-owned newspapers
The National Press Authority will announce in the “next few weeks” a new strategy to digitize Egypt’s three state-owned papers — Al Ahram, Al Akhbar, and Al Gomhuria — the authority said in a statement picked up by Ahram Online. The strategy will aim to “employ radical solutions” to face dwindling revenues from the paper […]
Posted inSports
Mohamed Elneny joins Besiktas on season-long loan
Arsenal has agreed to loan midfielder Mohamed Elneny to Turkish football team Besiktas, where he will remain until the end of the season, Ahram Online reports. Elneny joined Arsenal in January 2016, moving from Switzerland's FC Basel.
Posted inSports
Egypt’s Al Ahly FC appoints Swiss coach Rene Weiler for top role
Al Ahly has signed Swiss coach Rene Weiler to take on the top role starting the 2019-2020 season, the Cairo giants said in a statement. Three assistant managers, all of whom were unnamed, will add the 45-year-old, the statement notes. Weiler, who succeeds the sacked Uruguayan coach Martin Lasarte, was a former Swiss league defender. […]
Posted inON YOUR WAY OUT
Coffin of ancient Egyptian Queen Tausert to be displayed for first time
Egypt to display coffin of 19th Dynasty’s last ruler for first time: The Antiquities Ministry will in the coming days put on display for the first time the coffin of Ancient Egyptian Queen Tausert, Xinhua reported. Discovered two decades ago at King Bay’s tomb in Luxor’s west bank, the six-tonne granite coffin has been transferred […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.49 | Sell 16.62 EGP / USD at CIB: Buy 16.50 | Sell 16.60 EGP / USD at NBE: Buy 16.50 | Sell 16.60 EGX30 (Thursday): 14,835 (+1.6%) Turnover: EGP 1.3 bn (113% above the 90-day average) EGX 30 year-to-date: +13.8% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
September: Cairo will host an Egypt-Hungary business forum, according to a Trade Ministry statement (pdf) 2-4 September (Monday-Wednesday): The Big 5 Construct Egypt, Egypt International Exhibition Center, Nasr City, Cairo. 3-4 September (Tuesday-Wednesday): Shared Services and Outsourcing Forum Middle East, Nile Ritz Carlton, Cairo. 8 September (Sunday): The Supreme Administrative Court has postponed appeals filed […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 August 2019
It’s day two of the Tokyo International Conference on African Development (Ticad) today: The opening day saw President Abdel Fattah El Sisi meet with his Japanese counterpart Shinzo Abe, and discuss education initiatives with the Japanese International Cooperation Agency. The event, designed to facilitate Japanese investment on the African continent, will wrap up tomorrow. We […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi meets Abe in Japan, Cabinet passes new energy exploration agreements
Talk shows look like they’re about ready for the weekend: President Abdel Fattah El Sisi’s meeting with Japanese Prime Minister Shinzo Abe at the Tokyo International Conference on African Development (Ticad) was more or less the talk of the town last night (watch, runtime: 04:24) and (watch, runtime: 01:49). We have all you need to […]