EGX completes procedures for electronic linkage between African exchanges: The Egyptian exchange has completed the necessary procedures to activate the African Exchanges Linkage Project (AELP), EGX Chairman Mohamed Farid said on Thursday, according to a bourse statement (pdf). The EGX is currently in talks with brokerage firms to brief them on the initiative and the […]
Author Archives: enterpriseam admin
Amr Shaat steps down as deputy transport minister
MOVES- Amr Shaat has resigned as deputy transport minister, a source from the ministry tells Al Shorouk. Shaat held the position since August 2018 and was tapped in September to act as chairman of the National Authority for Tunnels. His resignation came a month after the Ramses Station train collision and two weeks after the […]
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Emerging markets can’t rely on a dovish Fed for much longer
Emerging markets can’t rely on a dovish Fed for much longer: Dovish moves by the US Federal Reserve are having less of an impact on emerging markets, Jonathan Wheatley writes in the FT. The Fed’s decision to leave rates on hold last Wednesday did little to prevent EM indices falling at the end of the […]
Tutankhamun exhibition begins in Paris
The traveling Tutankhamun exhibition has opened its doors for Parisians. The exhibition, titled “Tutankhamun: Treasures of the Golden Pharaoh,” offers 150 items on show in its second stop in Paris as part of a 10-city tour, France 24 reports. The current tour will be the last time the pieces will be shown outside of Egypt […]
Egypt in the news on 24 March 2019: Ramy Shehata, Egypt travel
A performance ban on singer Sherine Abdel Wahab leads the conversation about Egypt in the international press this morning. The Musicians Syndicate banned the singer after she made a comment during a concert in Bahrain that lawyer Samir Sabry, known for going after high-profile figures, deemed critical of freedom of speech in Egypt. Sabry had […]
Egypt and Iraq commited to fighting terrorism
El Sisi and Iraqi PM express commitment to fighting terrorism: President Abdel Fattah El Sisi’s meeting with Iraqi Prime Minister Adel Abdul Mahdi topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar). The two countries expressed their commitment to fighting terrorism and enhancing cooperation across […]
Economic ties with Argentina + Iraq, Golan Heights, WFP cap a busy weekend in diplomacy
It was a busy weekend on the diplomatic front. Starting with stories that have an economic angle, Egypt and Argentina have agreed to step up economic cooperation, according to an Investment Ministry statement following a meeting between Sahar Nasr and Argentina’s Minister of Foreign Affairs Jorge Faurie. The two met on the sidelines of UN […]
Lekela announces shortlist of bidders to build Ras Ghareb wind energy plant
Siemens Gamesa, German wind energy company Senvion, and Danish wind turbine manufacturer Vestas have been shortlisted to build Lekela’s 250 MW wind energy plant in Ras Ghareb,Lekela Egypt General Manager Faisal Eissa said. The winning company will be selected within months, Eissa said. Actis-backed Lekela had signed the power purchase agreement for the plant in […]
Netherland’s Van Oord seeks participation in Damietta port expansions
Dutch maritime contracting company Van Oord is planning to participate in the deepening of Damietta Port’s waterway and turning basin as part of the port’s expansions, Damietta Port Authority said in a statement. Port officials are in talks with Van Oord to receive financing for the project from a Dutch bank.