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Easyjet has begun operating weekly flights directly to Marsa Alam from Napoli and Milan, said Asser Hamdy, the chairman of a Marsa Alam tourism company, according to Al Shorouk. The British budget carrier made a comeback to Red Sea destinations last October after a near three-year hiatus following the 2015 Metrojet crash.
Author Archives: enterpriseam admin
Posted inBanking + Finance
Industrial Development Bank to contribute USD 10 mn to El Canal Sugar’s loan
The Industrial Development Bank is providing USD 10 mn in a syndicated loan for El Canal Sugar Company, a bank official told Masrawy. The loan is divided into a EGP 1.2 bn tranche and another USD 100 mn tranche. The additional funding will be used to finance the establishment of its sugarcane factory in Minya. […]
Posted inPOLITICS + ECONOMICS
Egypt’s media council suspends talk show over guest’s racist comments
The Supreme Media Council has decided to suspend talk show Sheikh El Hara over an episode in which a guest made racist comments, the council said on Sunday. The guest had recounted a story in which he had a “nighttime rendezvous with three women … and was ‘shocked’ to discover the women were ‘Africans,’ referring […]
Posted inON YOUR WAY OUT
Netflix to adapt Ahmed Khaled Tawfik’s “Paranormal,” its first original production in Egypt
Netflix announces first series to be produced in Om El Donia: Netflix has announced its plans to produce its third Arabic original series — and its first in Egypt, Variety reports. “Paranormal,” an adaptation of the best-selling horror books written by late author Ahmed Khaled Tawfik, will be directed by Amr Salama (of “Sheikh Jackson” […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.78 | Sell 16.88 EGP / USD at CIB: Buy 16.78 | Sell 16.88 EGP / USD at NBE: Buy 16.80 | Sell 16.90 EGX30 (Monday): 13,960 (-0.2%) Turnover: EGP 338 mn (57% below the 90-day average) EGX 30 year-to-date: +7.1% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. 27-28 May (Monday-Tuesday): UK International Trade Secretary Liam Fox will visit Egypt for meetings with senior officials on boosting bilateral trade and investments. 28 May (Tuesday): 30 Saudi stocks join the MSCI Emerging Markets Index at the end of the […]
Posted inWhat We're Tracking Today
What we’re tracking on 27 May 2019
Good morning, friends, and welcome to the slowest news day in forever. It’s the end-of-Ramadan slowdown here in Egypt, running headlong into Memorial Day weekend in the United States and the late-May bank holiday in the United Kingdom. We’re not holding our collective breath, but don’t discount the odds of a late-week news pickup as […]
Posted inEnterprise+: Last Night’s Talk Shows
The return of our daily roundup of last night’s talk shows is within arm’s reach. Check back after the Eid break.
Posted inSpeed Round
EGX releases short-sellable stocks list
Have someone you want to short? Here is your list of targets: The Egyptian Exchange released yesterday the list (pdf)of stocks that can be shorted. The list of 30 companies includes Telecom Egypt, EFG Hermes, Palm Hills, Qalaa Holdings, Elsewedy Electric, Orascom Investment, Talaat Moustafa, CIB, Sodic and the EGX30 Index ETF, among others. How […]