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Kuwait has handed over to Egypt eight detainees that it claims have links to the Ikhwan, according to state news agency KUNA, Reuters reports. Kuwait’s interior ministry stated that the detainees had fled Egypt after receiving prison sentences of up to 15 years, and that they had been returned based on the terms of bilateral […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Authorities release Egyptian transgender activist El-Kashef
Authorities have released transgender woman and rights activist Malak El-Kashef, who was arrested in March on charges of “belonging to a terror group,” reports Al Shorouk. El-Kashef was allegedly arrested after calling for protests in the wake of the Ramses train crash, the Egyptian Commission for Rights and Freedoms said at the time.
Posted inON YOUR WAY OUT
Yes, lunar mining is a thing (but it’s fraught with complications)
Yes, lunar mining may become a thing (but it’s fraught with complications). The latest step in the space race has governments and companies all over the world bickering about how best to exploit the moon for minerals and fuel sources. Nobody can seem to agree on whether to allow for private ownership of lunar resources, […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.54 | Sell 16.66 EGP / USD at CIB: Buy 16.54 | Sell 16.64 EGP / USD at NBE: Buy 16.56 | Sell 16.66 EGX30 (Monday): 13,628 (-0.3%) Turnover: EGP 703 mn (9% above the 90-day average) EGX 30 year-to-date: +4.5% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
July: The National Railway Authority will launch a tender for the purchase of 100 new locomotives expected to be financed through an agreement with the European Bank for Reconstruction and Development (EBRD). 14-18 July (Sunday-Thursday): The government is expected to announce the details of the new export subsidies framework. 17 July (Wednesday): Harvard Business School […]
Posted inWhat We're Tracking Today
What we’re tracking on 15 July 2019
Al Mashat in the US, talks tourism reform, promotion: Tourism Minister Rania Al Mashat met this week with International Monetary Fund (IMF) executives in the US to discuss structural reforms currently being implemented in Egypt’s tourism sector, the ministry said in a statement (pdf) without providing further details. Al Mashat also separately discussed the preparation […]
Posted inEnterprise+: Last Night’s Talk Shows
A humdrum night for Egypt’s talk shows
Another humdrum night on the airwaves: President Abdel Fattah El Sisi’s meeting with the cabinet economic committee, the state’s new health insurance scheme, and a military-owned greenhouse project all got attention on last night’s talk shows. Recapping socioeconomic indicators: Hona Al Asema’s Reham Ibrahim highlighted El Sisi’s meeting with the group, which gave a rundown […]
Posted inSpeed Round
Egypt’s new NGOs Act receives preliminary House approval
LEGISLATION WATCH- New NGOs Act receives preliminary House approval: The House of Representatives has approved “in principle” the proposed NGOs Act that would replace the controversial 2017 legislation, reports Al Masry Al Youm. The new legislation, the full draft of which is available here courtesy of Youm7, would scrap prison sentences imposed on violators of […]
Posted inSpeed Round
UAE-based investor acquires USD 37 mn stake in Maridive
INVESTMENT WATCH- UAE-based investor acquires USD 37 mn stake in Maridive: Maridive & Oil Services’ board of directors has approved an offer by UAE-based investor Najjad Zeenni to acquire a USD 37 mn stake in the company, the company announced in a statement (pdf). Zeenni, who is chairman, CEO and a 25% shareholder in Maridive […]