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The Illicit Gains Authority (IGA) has decided to unfreeze the assets of Mubarak-era Interior Minister Habib El Adly and Chief of Staff Zakaria Azmy, Ahram Online reports. Adly was acquitted of squandering Interior Ministry funds earlier this month.
Author Archives: enterpriseam admin
Posted inSports
Al Ahly threatens to withdraw from premier league if matches are postponed
Al Ahly football club has threatened to pull out of the Egyptian Premier League (EPL) if the Egyptian Football Association were to postpone any of its remaining matches until after the African Cup of Nations, which is slated to kick off 21 June, Ahram Online reported. The EPL said last week that Al Ahly would […]
Posted inON YOUR WAY OUT
Cairo’s bridges through history
Cairo’s bridges through history: Rod El Farag bridge has been inaugurated and made it into the Guinness Book of World Records, but what position have Cairo’s other bridges occupied in history? Egyptian Streets takes a look at the historical and practical value of some of our city’s best-known landmarks.
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.83 | Sell 16.93 EGP / USD at CIB: Buy 16.81 | Sell 16.91 EGP / USD at NBE: Buy 16.85 | Sell 16.95 EGX30 (Thursday): 13.777 (+0.8%) Turnover: EGP 355 mn (55% below the 90-day average) EGX 30 year-to-date: +5.7% THE MARKET ON THURSDAY: 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 23 May 2019
It’s interest rate day and the consensus among 12 economists we polled is that the central bank will leave rates on hold, while three of the 14 Reuters polled are calling rate cuts of 50-100 bps. The central bank left rates unchanged at its last meeting in March, after cutting the overnight deposit and lending […]
Posted inEnterprise+: Last Night’s Talk Shows
Check back after Eid for the return of our daily roundup of last night’s talk shows. The nation’s talking heads are off enjoying their annual Ramadan hiatus.
Posted inSpeed Round
Egypt announces formation of its EGP 200 bn sovereign wealth fund BoD
Habemus SWF board members: The Planning Ministry announced yesterday the formation of the board of directors for the planned EGP 200 bn sovereign wealth fund (watch, runtime: 0:58). The board will be headed by Planning Minister Hala El Said as a non-executive chairman and includes representatives from the planning, finance, and investment ministries as well […]