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A Cairo court began hearing a case yesterday that aims to force the House of Representatives to amend term limits in the constitution, which would allow President Abdel Fattah El Sisi to stay in office longer, the Associated Press reports. The court has scheduled the next hearing for 20 January.
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
FRA studies proposal to establish Egypt’s first financial markets association
The Financial Regulatory Authority (FRA) is close to finalizing regulations to set up an association to represent employees in capital markets, head of the FRA’s committee on capital markets Soliman Nazmi said, according to Al Mal.
Posted inNational Security
Army Chief of Staff meets US Secretary of the Navy Richard Spencer
Army Chief of Staff Mohamed Farid met yesterday the US Secretary of the Navy Richard Spencer to discuss continuing joint naval drills, according to an Armed Forces statement.
Posted inSports
Egypt to play friendly against Nigeria in March
Egypt’s national football team is expected to play a friendly match against Nigeria sometime in March, Egypt’s Football Association said, according to the BBC. Egypt and Nigeria have both qualified for the 2019 African Cup of Nations.
Posted inON YOUR WAY OUT
Egyptian Down Syndrome documentary to participate in Meknes film festival
An Egyptian documentary on Down syndrome, “My Name is Nour,” will participate in Morocco’s ninth Meknes International Youth Film Festival next February, according to Egypt Today. This is the 14-minute documentary film’s third participation in film festivals abroad, having won the Martine Filippi award and participated in the 14th Kazan Muslim Film Festival in Russia, […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.89 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 12,958 (-1.5%) Turnover: EGP 398 mn (50% below the 90-day average) EGX 30 year-to-date: -13.8% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
December: The government will announce the second phase of its privatization program before year-end, Public Enterprises Minister Hisham Tawfik said. The committee overseeing the state privatization program is also scheduled to hold a meeting next month to look into how market conditions developed since the privatization program was put on ice Mid-late December: The bylaws […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 December 2018
Good morning, friends, and welcome to interest rate week. Will the Central Bank of Egypt send us into 2019 with a rate cut? Unlikely, we think, but look for verbiage in its statement hinting at when it might begin trimming rates in the new year. High interest rates are delaying investment for many of our […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi inaugurates greenhouses in Qaliubiya, Beni Suef
President Abdel Fattah El Sisi’s inauguration of several greenhouse projects yesterday was the talk of the town on the airwaves last night. The greenhouses are meant to increase Egypt’s agricultural output fourfold while cutting down on water consumption by about 60%, Agriculture Minister Ezzedin Abu Steit told Hona Al Asema. These greenhouses will fill the […]