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Banque du Caire has begun issuing “Meeza” debit cards, CEO Tarek Fayed said, according to Al Mal. The state-owned bank plans to issue 450,000 cards this year, Youm7 reports. Banque Misr and the National Bank of Egypt began issuing the state-backed debit card last month. The central bank had said last year that it plans to […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
State employees who embezzled EGP 30 mn arrested
Two Egyptian state employees have been arrested by the authorities after embezzling some EGP 30 mn allocated as compensation for state-appropriated property, Ahram Online reports. The Administrative Control Authority said that specialists are investigating the crime and examining loopholes to understand how the employees were able to embezzle the funds.
Posted inSports
Six venues in Egypt announced for AFCON
The Egyptian Football Association has announced the six venues chosen for the African Cup of Nations (AFCON) running from 21 June to 19 July, Reuters writes. Cairo Stadium, Borg el Arab Stadium, Ismailia Stadium, June 30 Stadium, Suez Stadium, and Port Said Stadium will host matches. Separately, President Abdel Fattah El Sisi met with Confederation […]
Posted inMy Morning Routine
Ahmed Zahran, co-founder and CEO, KarmSolar
Ahmed Zahran, co-founder and CEO of KarmSolar: My Morning Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Ahmed Zahran, co-founder and CEO of KarmSolar, Egypt’s largest private off-grid […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.52 | Sell 17.62 EGP / USD at CIB: Buy 17.53 | Sell 17.63 EGP / USD at NBE: Buy 17.49 | Sell 17.59 EGX30 (Wednesday): 15, 213 (+0.4%) Turnover: EGP 1.6 bn (79% above the 90-day average) EGX 30 year-to-date: +16.7% THE MARKET ON WEDNESDAY: The EGX30 […]
Posted inCALENDAR
21 February (Thursday): The Middle East & Africa Fintech Forum, Nile Ritz Carlton Hotel, Manama, Bahrain. 21-24 February (Thursday-Sunday): Furnex & The Home Exhibition, Egypt International Exhibition Center (EIEC), Cairo, Egypt. 23 February (Saturday): The Supreme Administrative Court will rule in an appeal by Uber and its competitor Careem against a lower court ruling ordering […]
Posted inWhat We're Tracking Today
What we’re tracking on 20 February
It’s a (not-unpleasantly) slow news morning as we head into the final couple days of the week. The Solar Show MENA 2019, which kicked off yesterday, will wrap up today at the Nile Ritz Carlton in Cairo. Tap or click here for the official website or here for the agenda. Flights to Bahrain will be […]
Posted inEnterprise+: Last Night’s Talk Shows
Terrorist bomber in Al Azhar dominates Egypt’s talk shows
As we anticipated yesterday, the terrorist bomber who killed two police officers near Al Azhar mosque on Monday dominated last night’s talk shows. The security services’ pursuit of the bomber, who was responsible for an attempted attack on police on Friday, earned the praise of former assistant interior minister Mohamed Zaky (watch, runtime: 12:21). Yahduth […]
Posted inSpeed Round
Egypt markets USD-denominated eurobonds to international investors
Egypt opens book for USD-denominated eurobonds: Egypt marketed its USD-denominated eurobonds to international investors in Luxembourg yesterday, Finance Minister Mohamed Maait told Reuters. “We started in the morning and will continue to receive offers from investors everywhere in the world until late [on Tuesday],” he said, declining to reveal the value or maturity date of […]