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Tickets for the African Nations Cup (AFCON 2019) being hosted in Egypt this summer will be on sale in two weeks, the manager of the tournament's organising committee Mohamed Fadl has said according to Ahram Online.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Home-grown art makes an appearance in Cairo’s galleries
The art works of several up-and-coming Egyptian artists are being displayed in galleries scattered across Cairo, with styles ranging from bronze sculptures to surrealist paintings. Arab News highlights six of the exhibitions.
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.27 | Sell 17.37 EGP / USD at CIB: Buy 17.28 | Sell 17.38 EGP / USD at NBE: Buy 17.26 | Sell 17.36 EGX30 (Tuesday): 15,166 (+1.4%) Turnover: EGP 837 mn (9% below the 90-day average) EGX 30 year-to-date: +16.3% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
April: The African Tripartite Trade Area (TFTA) agreement is set to take effect in April after a majority from the participating governments ratified it, COMESA Secretary General Chileshe Kapwepwe said. April: A World Bank delegation will be in town to review current investment legislation, economic policies and administrative reforms as part of the preparations for […]
Posted inWhat We're Tracking Today
What we’re tracking on 02 April 2019
Tuesday is our least favourite day of the week, so let us start with some good news to brighten things up around here: You can expect clarity “within days” on what, exactly, you’re paying as taxes into the new healthcare system, according to remarks attributed yesterday by the domestic press to Finance Minister Mohamed Maait. […]
Posted inEnterprise+: Last Night’s Talk Shows
Different themes occupy the nation’s talking heads yesterday
No particular theme dominated last night’s talk shows. Among the handful of business-relevant stories: Egypt’s balance of payments report carried with it some “cheerful” economic news, El Hekaya’s Amr Adib said in reference to the central bank report (watch, runtime: 7:38). Egypt was a net oil exporter for the first time in four years and […]
Posted inSpeed Round
New Banking Act will not impose term limits on banks’ managing directors
LEGISLATION WATCH- There are no term limits for bank managing directors in the draft of the amended Banking Act now being reviewed by cabinet, Al Masry Al Youm reports, citing unnamed sources. The story pours cold water on suggestions earlier this week that a recent shakeup in the top ranks of the industry that has […]
Posted inSpeed Round
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt (CBE) introduces a relevant licensing mechanism, according to the domestic press. The report claims the celebrity bn’aire spoke with CBE Governor Tarek Amer about creating a class of tier-two lender that would cater to the […]
Posted inSpeed Round
Egypt automotive sales down 5.2% y-o-y in February to 10,857 vehicles
Total vehicle sales fell 5.2% y-o-y in February to 10,857 vehicles, according to figures from the Automotive Information Council (AMIC), an industry association. Passenger car sales dropped 9% y-o-y to 6,980 units, but bus sales climbed 4% y-o-y to 1,304. Truck sales were up just under 3% y-o-y to 2,573, the report showed. February’s top-selling […]