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Egypt received the third Type 209/1400 submarine out of the four it has purchased from Germany in an official ceremony held in Kiel on Friday, Ahram Online reports. The first two submarines were received in December 2016 and August 2017, respectively. The agreement is reportedly generating controversy in Israel, according to the Times of Israel.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Holographic displays in Grand Egyptian Museum to show Tutankhamun treasures
Egypt plans to use the latest digital technology to showcase many of Tutankhamun’s treasures to audiences for the first time in two 7,000 sqm galleries in the Grand Egyptian Museum (GEM), Arab News reports. Holographic displays will allow visitors to view hundreds of the Egyptian king’s artifacts, including his world-famous mask. Many of these items, […]
Posted inON YOUR WAY OUT
“Black Birds”: Egyptian photojournalist Heba Khamis wins prestigious World Press Photo 2019 award
Egyptian photojournalist Heba Khamis has won second prize in the people singles category in the 2019 World Press Photo contest for her powerful project “Black Birds,” Egypt Independent reports. The project depicts the complicated reality of young refugees in Germany, marginalized and forced to make harsh choices in order to survive. Khamis had earned the […]
Posted inON YOUR WAY OUT
Is Jennifer Lopez actually coming to Egypt?
Is JLo actually coming to Egypt or is this our version of Fyre Festival? Event planning company Venture Lifestyle announced last week that singer/actress Jennifer Lopez will be performing at a concert in Alamein this summer, but JLo has yet to actually confirm any of this is happening, Egypt Independent reports. Speculation is increasing that […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.12 | Sell 17.22 EGP / USD at CIB: Buy 17.10 | Sell 17.20 EGP / USD at NBE: Buy 17.12 | Sell 17.22 EGX30 (Thursday): 14,880 (-0.3%) Turnover: EGP 315 mn (63% below the 90-day average) EGX 30 year-to-date: +14.2% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. May: An IMF delegation will be in town to conduct its final review of the reform program ahead of the disbursement of the sixth and final tranche of Egypt’s USD 12 bn IMF loan. 6 May (Monday): First day of […]
Posted inWhat We're Tracking Today
What we’re tracking on 2 May 2019
…And we’re back, ladies and gentlemen. Bright eyed and fresh faced from a wonderful extended weekend. What did we do over the break? Exactly nothing — and we have the New York Times on our side on that front. Lest you need a reminder: Ramadan looks set to begin on Monday. Banks and the EGX […]
Posted inEnterprise+: Last Night’s Talk Shows
World Bank extends country partnership framework with Egypt to 2021
The World Bank extending its country partnership framework (CPF) with Egypt to 2021 stole the show on the airwaves last night. Al Hayah Al Youm’s Lobna Assal pointed out the significance of the move in light of Egypt’s economic reform program (watch, runtime: 03:05). The decision to extend followed an official review by the group […]