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Five consortiums of local and international companies have submitted financial and technical offers to set up the necessary infrastructure to protect the USD 30 bn Dabaa nuclear plant from groundwater in the first major tender for the plant by Russia’s state-owned nuclear company Rosatom, according to Al Mal. The consortiums included Orascom Construction, Arab Contractors, […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
NBK appoints Yasser El Tayeb as acting CEO
The National Bank of Kuwait has appointed deputy managing director and board member Yasser Al Tayeb as the acting CEO and managing director following the departure of Yasser Ismail Hassan, sources inside the bank tell Masrawy.
Posted inEgypt Politics + Economics
CBE signs MoU on technical training
The Central Bank of Egypt signed on Monday an MoU with AfreximBank and the Egyptian Banking Institute on technical training for staff in African central and commercial banks, according to Al Masry Al Youm.
Posted inSports
Ramy Ashour announces retirement from professional squash
Former Squash world number one Ramy Ashour publicly announced on Monday his retirement from the professional game. Ashour, who has struggled with injuries for years, is widely recognized as one of the most talented players on the professional circuit, having won a total of eight world championships at the junior and senior levels.
Posted inON YOUR WAY OUT
Gov’t looks to private sector to save 150 of Egypt’s 20th century buildings
The government is working on a plan to enlist the private sector to renovate and lease out some 150 ailing early 20th century buildings in Cairo, Alexandria and Port Said, Public Enterprises Minister Hisham Tawfik said during a business conference, according to Reuters. The Insurance Holding Company, which owns some 150 buildings “classified as historic,” […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.11 | Sell 17.21 EGP / USD at CIB: Buy 17.10 | Sell 17.20 EGP / USD at NBE: Buy 17.12 | Sell 17.22 EGX30 (Tuesday): 14,646 (-1.1%) Turnover: EGP 477 mn (44% below the 90-day average) EGX 30 year-to-date: +12.4% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
23-24 April (Tuesday-Wednesday): SME Corporate Governance Workshop, Fairmont Nile City Hotel, Cairo, Egypt. 25 April (Thursday): Sinai Liberation Day, national holiday. 25 April (Thursday): Belt and Road Forum for International Cooperation, Beijing, China. 28 April (Sunday): Easter Sunday, national holiday. 29 April (Monday): Easter Monday, national holiday. 30 April-1 March (Tuesday-Wednesday): US Federal Open Market […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 April 2019
Polls closed last night in the constitutional referendum, ending three days of balloting that have dominated the front pages here at home and the conversation on Egypt in the international media. Just over 61 mn people were eligible to vote. The National Elections Authority says to expect the results of the referendum no later than […]
Posted inEnterprise+: Last Night’s Talk Shows
Mixed night on Egypt’s airwaves: constitutional referendum, Arab stock exchange conference, electricity policy
After two days of talking up the constitutional referendum, the chattering class that dominates our nation’s nighttime talk shows seemed to run out of steam. The third and last day of the referendum still got some play, with Al Hayah Al Youm’s Lobna Assal pushing out the government’s message (watch, runtime: 4:12) that poll booths […]