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The founder of a Facebook page that praises ousted President Hosni Mubarak has been detained by the authorities and will remain in custody for 15 days pending investigation over accusations of spreading false news and misusing social media, Reuters reports. A statement posted on the page said that Karim Hussein had been taken in for […]
Author Archives: enterpriseam admin
Posted inSports
Egypt’s Kahraba to reportedly sign for Turkey’s Denizlispor
Egyptian football player Mahmoud Kahraba has reportedly left to Turkey to sign for Turkish top-flight side Denizlispor, reports KingFut. The move will take Kahraba to a newly-promoted Denizlispor.
Posted inON YOUR WAY OUT
Egypt opens Bent Pyramid of Sneferu to public after restoration
The “Bent” Pyramid of Sneferu at Dahshur is now open to the public for the first time since 1965 after completing its restoration, Antiquities Minister Khaled El Anany said, according to Al Masry Al Youm. Visitors will now have access to two chambers deep inside the 4600-year-old structure and to an 18-meter high side pyramid […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.55 | Sell 16.68 EGP / USD at CIB: Buy 16.55 | Sell 16.65 EGP / USD at NBE: Buy 16.57 | Sell 16.67 EGX30 (Thursday): 13,814 (-1.4%) Turnover: EGP 619 mn (7% below the 90-day average) EGX 30 year-to-date: +6.0% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
July: Customs officials from Egypt and the US will sit down to discuss “procedural and administrative matters” as part of the Trade and Investment Framework Agreements (TIFA). 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 July 2019
Admit it: You didn’t expect to see inflation at single digits last month. Annual inflation plunged to three-year lows in June, hitting single-digit figures for the first time since March 2016. Capmas data shows that inflation fell to 9.4% last month from 14.1% in May. Will this have any impact on the central bank’s decision […]
Posted inEnterprise+: Last Night’s Talk Shows
Inflation, bread subsidies, diplomacy with Africa get airtime on Egypt’s airwaves
Yesterday’s release of lower-than-expected inflation figures was among the highlights on the airwaves last night, which were otherwise relatively bland. Yahduth fi Masr’s Sherif Amer gave us a blow-by-blow of Capmas’ report on June’s inflation figures, which were driven down by a drop in most foodstuff, particularly vegetables. Some food items, including seafood and fruits, […]
Posted inSpeed Round
Egypt’s inflation rate in single digits for first time since March 2016, CBE still expected to hold rates
Inflation hits lowest levels in over three years, but mind the subsidy cuts in next month’s reading: Egypt’s annual headline urban inflation rate dropped to 9.4% in June from 14.1% in May, the first time the reading has come in single digits since March 2016, the CBE said (pdf) in a statement on Wednesday. Capmas […]
Posted inSpeed Round
No stake sales in state companies happening before September
EXCLUSIVE- No stake sales in state companies happening before September: The sale of additional stakes in already listed state companies will not take place before September, Public Enterprises Minister Hisham Tawfik tells Enterprise. The sale of an additional stake in Alexandria Containers and Cargo Handling Company (ACCH), Abu Qir Fertilizers, and Sidi Kerir Petrochemicals (Sidpec) […]