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Egyptian squash champions Nouran Gohar and Mohamed Elshorbagy won the women’s and men’s PSA British Open in Hull yesterday, according to Inside the Games. Gohar defeated France’s Camille Serme for the women’s title — making her the second Egyptian woman to earn the title — while Elshorbagy defeated compatriot and world number one Aly Farag […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Scientists discover gold-detecting fungi Down Under
Scientists discover gold-detecting fungi Down Under: Scientists have found a strain of fungus near Boddington in Western Australia that dissolves and precipitates gold on its surface, moving it closer to the Earth’s surface, researchers said in a paper for Nature Communications, according to The Scientist. “Gold is so chemically inactive that this interaction is both […]
Posted inON YOUR WAY OUT
New bike park opens in Egypt’s Future City
Egypt officially has its first bike park: The aptly named Bike Park, Egypt’s first-ever park dedicated to cyclists, is now open on Future City’s Ismailia Road, according to Scoop Empire. The 210-acre park includes cafes and other facilities, as well as a racing track. Cyclists can also rent out bikes at the park for a […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.81 | Sell 16.91 EGP / USD at CIB: Buy 16.80 | Sell 16.90 EGP / USD at NBE: Buy 16.83 | Sell 16.93 EGX30 (Sunday): 13,982 (+1.5%) Turnover: EGP 378 mn (52% below the 90-day average) EGX 30 year-to-date: +7.3% THE MARKET ON SUNDAY: 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 26 May 2019
Expect a slow(ish) news day today as we enter the last full work week of Ramadan, ladies and gentlemen. But what news there is? Well, it’s big: The tax authority looks set to settle with Global Telecom Holding, potentially removing an overhang that has sapped sentiment on the EGX; The central bank left interest rates […]
Posted inEnterprise+: Last Night’s Talk Shows
The talking heads are on their annual Ramadan hiatus. You’ll find our daily roundup here after Eid.
Posted inSpeed Round
Egypt’s central bank keeps interest rates on hold
With one eye on inflation, the central bank leaves interest rates on hold: The Central Bank of Egypt’s Monetary Policy Committee left key interest rates unchanged on Thursday, in line with analyst expectations. The MPC left the overnight deposit and lending rates at 15.75% and 16.75%, respectively, and also left on hold its main operation […]
Posted inSpeed Round
EGP hits fresh two-year highs
EGP hits fresh two-year high, breaking the EGP 17 / USD 1 barrier: The EGP rose to a new two-year high against the greenback on Thursday, advancing to 16.9317 from 17.0500 on Wednesday, central bank data shows. The EGP has risen 5.7% against the USD since the beginning of the year, becoming one of the […]