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CORRECTION- The EGX30 closed Wednesday’s session down 0.3% — not up 2.5%, as we incorrectly noted in Thursday’s The Market Yesterday section. We flipped the Wednesday figure (-0.3%) with the YTD figure (+2.5%). The figures have since been corrected on our website.
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inUp Next
What we’re tracking this week and beyond
French President Emmanuel Macron will be in town in the coming weeks, France’s ambassador in Cairo, Stéphane Romatet said last week, according to Al Ahram. We had previously reported that security cooperation (including the situation in Libya) as well as economic ties will feature high on the agenda.
Posted inImage of the Day
Egypt’s children’s passion for football captured on dusty fields
A Reuters image gallery capturing scenes of pick-up football games between Egyptian boys in graveyards and on streets was published by the National yesterday. “Just because their pitch may consist of a dusty field or wasteland doesn't mean their passion for the beautiful game is dimmed,” said the National, in reference to the shots. The […]
Posted inEGYPT IN THE NEWS
Police forces killing six terrorists tops coverage of Egypt in the foreign press
Topping coverage of Egypt in the foreign press this morning: Interior Ministry forces killed six suspected terrorists in a raid on their hideout between Sohag and Assiut, according to a government statement. The story has received attention from the Associated Press, Anadolu Agency, and AFP. Also getting plenty of coverage: US Secretary of State Mike […]
Posted inEGYPT IN THE NEWS
Egypt and Israel are far from normalization despite close military cooperation
Egypt and Israel are far from normalization despite the “close” military cooperation between the two countries, Zvi Bar’el writes for Haaretz (paywall). President Abdel Fattah El Sisi confirmed in a 60 Minutes interview broadcasted last week that Cairo and Tel Aviv have been cooperating in Egypt’s anti-terror campaign in Sinai, and Israeli Prime Minister Benjamin […]
Posted inEGYPT IN THE NEWS
National Egyptian football gets attention in foreign press
Football is also getting attention from the international media: The Egyptian Football Federation (EFA) is building a new headquarters and will house the national football squad in the same complex, FIFA, football’s global governing body, says in a feature on its website. FIFA is giving the Egyptian association some USD 2.25 mn to help fund […]
Posted inON THE FRONT PAGES
President Abdel Fattah calls for new government complex in El Wadi El Gedeed
President Abdel Fattah El Sisi’s call to establish a complex to house all government bodies in El Wadi El Gedeed is top news this morning in state-owned Al Ahram and Al Akhbar. Al Gomhuria alone takes note of El Sisi’s scheduled trip to Amman, Jordan today. The Education Ministry administering practice exams under the reformed […]
Posted inDiplomacy + Foreign Trade
Hamas announces Egypt to fully reopen Rafah border crossing
Egypt will reportedly fully reopen the Rafah border crossing, Hamas announced after an Egyptian security delegation met with senior Hamas officials on Thursday, according to Al Arabiya. The Palestinian Authority had pulled its staff from the crossing last week, leading Egypt to close it completely before eventually allowing limited passage.
Posted inBasic Materials + Commodities
Egypt’s GASC purchases 415k tonnes after receiving wheat offers
State grain buyer GASC purchased 415,000 tonnes of Russian wheat in two international tenders on Wednesday, according to Al Shorouk. The shipments are due for delivery between 28-29 February and 1-10 March, according to the GASC tender offer. Russian suppliers’ “clean sweep” in the GASC tender pushed wheat futures trading on Paris’ Euronext and the […]