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The fallout from the Egyptian national team’s Afcon exit is still dominating coverage in the foreign press. Mohamed Salah expressed his disappointment at the loss on Twitter, thanking fans for their support and saying he hoped that the team would learn from their mistakes. Meanwhile, Merhan Keller, who accused Amr Warda of [redacted] harassment earlier […]
Author Archives: enterpriseam admin
Posted inON THE FRONT PAGES
Egypt’s president chairs “mini” African summit in Niger
President Abdel Fattah’s chairing of a “mini-summit” yesterday between African leaders and the heads of major economic blocs on the continent during the extraordinary African Union summit in Niger topped the front page of state-owned Al Akhbar. Both Al Ahram and Al Gomhuria’s websites are down again this morning.
Posted inWorth watching
What does science tell us is the best way to fiddle away spare cash?
What does science tell us is the best way to fiddle away spare cash? You may have heard of research findings that beyond a certain level of income, the amount of extra happiness we get from extra cash tends to flatten out. But how we spend our surplus cash is the real game changer, and […]
Posted inDiplomacy + Foreign Trade
Egypt’s president calls for international support for Africa
El Sisi calls for international support for Africa: President Abdel Fattah El Sisi urged the global community to support Africa in developing joint economic projects during a "mini-summit" of African leaders and major economic blocs yesterday, Ahram Online reports. The president separately discussed moving forward with the proposed Cairo-Cape Town highway in a meeting on […]
Posted inTourism
ODE sells 51% stake in Oberoi Zahra for USD 4 mn
Orascom Development Egypt (ODE) has sold its 51% stake in Oberoi Zahra, a Nile cruise floating boat, to a private investor for an enterprise value of USD 4 mn, the company said in a press release (pdf). The sale will result in cash proceeds of USD 2 mn that will be used for the group’s […]
Posted inBanking + Finance
Egypt Post launches new electronic services
Egypt Post has launched a package of new electronic services, including EasyPay, a card to make transactions and online purchases that can be charged at any of the country’s post offices and has a mobile app, the local press reported. The Post Authority has also launched Easy Box, Biometric ATMs, and Interactive Teller Machine services.
Posted inBanking + Finance
Central Bank of Egypt approves capital increase request by BdC’s Cairo International Bank in Kampala
The central bank has approved a request by Banque du Caire (BdC) majority-owned Cairo International Bank in Kampala to raise its capital to USD 5 mn from USD 2 mn, BdC Chairman Tarek Fayed told Masrawy.
Posted inON YOUR WAY OUT
UNDP to support local governance in Upper Egypt
UNDP to support local governance in Upper Egypt: The Local Development Ministry and the United Nations Development Programme (UNDP) have signed an agreement to launch a joint project to improve governance and promote administrative decentralization in Upper Egypt, the UNDP said in a statement. The project “will support the ministry’s efforts to create a modernized […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.54 | Sell 16.66 EGP / USD at CIB: Buy 16.55 | Sell 16.65 EGP / USD at NBE: Buy 16.57 | Sell 16.67 EGX30 (Monday): 14,043 (+0.2%) Turnover: EGP 696 mn (2% above the 90-day average) EGX 30 year-to-date: +7.7% THE MARKET ON MONDAY: 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 […]