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The Administrative Control Authority (ACA) has arrested Supreme Media Council Secretary General Ahmed Selim on charges of bribery, Ahram Online reports. The ACA has reportedly been investigating accusations against Selim for over a month as part of a wider anti-corruption campaign. The operation has ensnared the former head of the Egyptian Customs Authority, the head […]
Author Archives: enterpriseam admin
Posted inSports
Emergency Fifa committee to manage EFA until elections
An emergency Fifa committee will take over the management of the Egyptian Football Association (EFA) until elections are held, Fifa said in a statement yesterday. Four men and one woman have been appointed to the committee, which will oversee the day-to-day management of the association and organize elections. Former EFA president Hany Abou Rida and […]
Posted inSports
Egypt dominates judo in 2019 African Games
Egypt has claimed four gold medals in judo at the 2019 African Games, which is running from 19-31 August in Morocco, Nigerian outlet the Nation Online reports. Egypt’s Ramadan Darwish landed gold in the men’s 100 kg, Ali Abdelmouati in the 73 kg, Abdelrahman Mohamed in the 81 kg, and Ali Hazem in the 90 […]
Posted inON YOUR WAY OUT
YouGov survey names Google most popular brand in Egypt
YouGov survey names Google most popular brand in Egypt: Google has unseated Facebook to assume first place in this year’s YouGov BrandIndex’s annual brand health rankings for Egypt. WhatsApp and YouTube both improved their position compared to last year, coming in at numbers two and three. The annual BrandIndex survey looks at customer opinion about […]
Posted inON YOUR WAY OUT
Egyptian MP calls for ban on the import of energy drinks, citing health concerns
What do our elected representatives do during their summer recess? Worry about energy drinks. House Rep Faiqa Fahim has called for a ban on the import of energy drinks and a campaign to raise awareness of their negative impact on health, Egypt Today reports. She claims that the consumption of energy drinks is particularly high […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.53 | Sell 16.66 EGP / USD at CIB: Buy 16.54 | Sell 16.64 EGP / USD at NBE: Buy 16.52 | Sell 16.62 EGX30 (Tuesday): 14,428 (+0.9%) Turnover: EGP 1.1 bn (87% above the 90-day average) EGX 30 year-to-date: +10.7% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
August: Meetings of the Egyptian-Belarussian Committee for trade, economic, scientific and technical cooperation, Minsk. August: The National Railway Authority is expected to sign a 15-year maintenance agreement for 1,300 railcars it had agreed to purchase from Russia’s Transmashholding under a EGP 22 bn contract. 22 August (Thursday): Central Bank of Egypt’s Monetary Policy Committee will […]
Posted inWhat We're Tracking Today
What we’re tracking on 20 August 2019
We’re just two days away from the Central Bank of Egypt’s Monetary Policy Committee meeting. The general consensus among economists we polled in our survey this week is that the MPC will push ahead with the first rate cut since February, with most anticipating a 100 bps cut. Naeem Holdings’ Yara El Kahky is among […]
Posted inEnterprise+: Last Night’s Talk Shows
Gov’t almost ready to push ahead with privatization program
Gov’t almost ready to push ahead with privatization program: Public Enterprises Minister Hisham Tawfik told El Hekaya’s Amr Adib that the committee in charge of the state’s privatization program has completed 96% of the preparations for state companies due to either sell shares or offer shares in an initial public offering before the end of […]