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If the way to the heart is through the stomach… Three stories from the Kerning Cultures podcast (listen, runtime: 49:00) take the simple topic of baklava and use it to produce something funny and relatable. The history of Harissa al Halaby, one of the oldest pastry shops in Alexandria, may make you want to go […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
UK trade envoy arrives in Cairo to talk healthcare with gov’t ministers
UK Trade Envoy Sir Jeffrey Donaldson has arrived in Cairo with representatives from two major British healthcare providers, Escalla and AT Medics, to explore ways to increase cooperation between the two countries in the health sector, the British Embassy in Cairo said. Donaldson is expected to meet with Finance Minister Mohamed Maait, Military Production Minister […]
Posted inDiplomacy + Foreign Trade
Israel’s Ayoub Kara withdraws as a candidate for Egypt ambassadorship
Israel’s Communications Minister Ayoub Kara said he is withdrawing his candidacy to serve as ambassador to Egypt, following strong opposition from Israeli diplomats, the Times of Israel reports. Kara has little diplomatic experience, despite being PM Benjamin Netanyahu’s top pick for the job. Diplomats have reportedly been pushing for the appointment of Amira Oron, who […]
Posted inEnergy
Elsewedy Electrometer plans USD 3 mn expansion in Brazil
Elsewedy Electrometer plans to spend USD 3 mn this year expanding its business in Brazil, Chairman & CEO Emad Elsewedy tells Zawya. The company manufactures electricity, gas and water products, including smart meters, which it currently exports to 46 countries around the world. Elsewedy says the Brazilian market has “huge” potential, which will increase thanks […]
Posted inReal Estate + Housing
Misr Italia establishes EGP 100 mn real estate fund
Property developer Misr Italia has established a real estate fund with initial capital of EGP 100 mn, Chairman Hani El Assal told Al Shorouk. The company plans to invest EGP 2 bn this year and is in talks with the National Bank of Egypt over a EGP 500-700 mn loan for its Cairo Business Park […]
Posted inTourism
Thomas Cook Egypt holiday bookings are up as company prepares to open two new hotels in El Gouna
British travel company Thomas Cook’s summer bookings in Egypt are up 15% y-o-y, while winter 2019/2020 bookings have increased 57% y-o-y, the company’s chief of tour operating said in a press release. The company also confirmed that it will open two new hotels in El Gouna later this year. The Cook’s Club will open its […]
Posted inBanking + Finance
Attijariwafa files request to CBE for mobile and internet banking licenses
Attijariwafa Bank has filed requests to the Central Bank of Egypt to acquire mobile banking and internet banking licenses, Chairman Halla Sakr tells Mubasher. The efforts to receive the licenses are part of the bank’s plan to expand its digital services.
Posted inON YOUR WAY OUT
Is the Arab World becoming less religious?
Is the Arab world becoming less religious? The number of Arabs who describe themselves as non-religious has risen to 13% from 8% since 2013, according to research by BBC News Arabic. Working with the Arab Barometer, the broadcaster surveyed 25k people in the Arab region for their opinions on politics, social issues and religion. And […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.6461 | Sell 16.7461 EGP / USD at CIB: Buy 16.64 | Sell 16.74 EGP / USD at NBE: Buy 16.65 | Sell 16.75 EGX30 (Sunday): 14,017.34 (-0.19%) Turnover: EGP 254 mn (65% below the 90-day average) EGX 30 year-to-date: +7.5% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
1H2019 (date TBD): Investment Minister Sahar Nasr will head a delegation of businessmen into Mexico City to explore cooperation avenues with the Latin American country. 25-26 June (Tuesday-Wednesday): US-backed conference on the ‘economic dimension’ of Trump’s Mideast peace plan, Manama, Bahrain. 28-29 June (Friday-Saturday): G20 Global Economic Summit, Osaka, Japan. 30 June (Sunday): June 2013 […]