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The Mortgage Finance Fund (MFF) is expecting a second tranche of USD 50 mn from the World Bank loan in the next two months, Managing Director Mai Abdel Hamid told Amwal Al Ghad. The bank has disbursed so far USD 257 mn of the USD 500 mn loan, which aims to help middle- and low-income […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
EgyptAir to receive the first of its six 787 Boeing Dreamliners in March
EgyptAir is set to receive the first of its six previously ordered 787 Boeing Dreamliners in March, Boeing Middle East President Bernie Dunn told Youm7 during an interview at EDEX 2018. EgyptAir Chairman Ahmed Adel met with a delegation from Boeing International to expand the national flag carrier’s fleet last July. EgyptAir then went on […]
Posted inLegislation + Policy
House Transport Committee discusses national land transport regulation
The House of Representatives’ Transportation Committee discussed yesterday a draft law to regulate land transportation ahead of referring it to the general assembly next week, according to Youm7. The draft law aims to improve public transport systems and expand services to new governorates.
Posted inEgypt Politics + Economics
Ex-head of Egypt’s Customs Authority faces graft charges
Former Customs Authority head Gamal Abdelazim will stand trial before a criminal court for accepting bribes amounting to EGP 750,000 in exchange for allowing the entry of goods without paying custom duties, according to Reuters. A date for the trial has yet to be set.
Posted inNational Security
Egypt’s defense minister meets US homeland security secretary
Defense Minister Mohamed Zaki met yesterday US Secretary of Homeland Security Kirstjen Nielsen to discuss military and security cooperation, according to an Armed Forces statement.
Posted inON YOUR WAY OUT
UNESCO registers Egyptian “Aragoz” as intangible cultural heritage
UNESCO declares “Aragoz” to be intangible cultural heritage: UNESCO has added Egypt’s Aragoz — “the puppet with the red cap and acid tongue has satirized politics and social life for centuries” — to its list of Intangible Cultural Heritage in Need of Urgent Safeguarding. The Aragoz is an old form of Egyptian theater using traditional […]
Posted inON YOUR WAY OUT
ESLSCA University Egypt signs agreement with LaLiga Business School and will now be offering sports business management courses
You can now study the business of sports in Egypt: ESLSCA University Egypt signed an agreement with the Spanish Premier League (La Liga) Business school to offer sports business management courses, the university said in a press release (pdf). March 2019 will see the launch of this collaboration beginning with a sports marketing course. Lectures […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 12,476 (+2.8%) Turnover: EGP 742 mn (6% below the 90-day average) EGX 30 year-to-date: -16.9% THE MARKET ON MONDAY: 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 11 December (Tuesday): The […]
Posted inWhat We're Tracking Today
What we’re tracking on 10 December
It’s all about the money this morning: From multilateral institutions to Big Oil and homegrown VC funds, this morning’s headlines are dominated by announcements of several bn USD in fresh investment and financing. Funds from multilateral institutions are flowing to the private sector and infrastructure, and private sector companies have committed to investing bns of […]