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The Tourism Ministry has launched a summer promotional campaign in Saudi Arabia, Kuwait and the UAE, according to a press release picked up Masrawy. The ministry’s campaign uses billboards, primetime TV ads, and online content to target GCC-based tourists.
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
Egypt automotive sales down 5% y-o-y in 4M2019
Total vehicle sales in Egypt fell 5% y-o-y to 46,589 vehicles in 4M2019, compared to 49,062 vehicles in the same period last year, according to figures from the Automotive Information Council (AMIC) cited by Al Mal. Passenger car sales dropped 10% y-o-y to 31,349 units, while bus sales climbed 8% y-o-y to 4,504. The automotive […]
Posted inLegislation + Policy
Official Gazette publishes non-banking financial markets monitoring law amendments
The Official Gazette has published amendments to the monitoring regulations of non-banking financial markets and instruments, which will see the Financial Regulatory Authority channel 80% of its proceeds from depository services to state coffers, Al Shorouk reports.
Posted inON YOUR WAY OUT
Hurghada tries to tackle plastic waste by providing alternatives
Officials in Hurghada are hoping that providing alternatives to plastic bags will help to enforce the plastics ban that has now come into effect, Al Masry Al Youm reports. The ban will not be enforced with a fine. Local officials instead hope to dissuade citizens from using plastic by raising awareness about its effects on […]
Posted inON YOUR WAY OUT
Egyptian student is top reader at a US public school
Egyptian student is top reader at a US public school: An Egyptian girl attending an ESL program in New Hampshire’s Portsmouth is her school’s top reader by a mile. Noor El Said (pictured above, credits to The Portsmouth Herald) checked out 144 books from the library in a single school year. Her passion for books […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.72 | Sell 16.82 EGP / USD at CIB: Buy 16.7 | Sell 16.8 EGP / USD at NBE: Buy 16.75 | Sell 16.85 EGX30 (Sunday): 13,691 (-0.6%) Turnover: EGP 181 mn (77% below the 90-day average) EGX 30 year-to-date: +5.0% 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. June: International Forum for small and medium enterprises (SMEs). June: Egypt will host the first economic forum for Union for the Mediterranean (UfM) countries to promote trade and investment in […]
Posted inWhat We're Tracking Today
What we’re tracking on 02 June 2019
It’s shaping up to be a five-day holiday weekend after cabinet announced over the weekend that Tuesday through Thursday will be off for the civil service in observance of Eid El Fitr. There have been no announcements yet from the Central Bank of Egypt or the EGX, but government holiday = CBE holiday = banks […]
Posted inEnterprise+: Last Night’s Talk Shows
We’re on the last few days of the talking heads’ annual Ramadan hiatus. Check back here for our usual rundown of last night’s talk shows after Eid break.