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Egypt, Britain and Italy’s naval forces held joint exercises in the Mediterranean Sea on Friday, according to an Armed Forces statement. The drills covered warship formations, underwater communication, and the process of conducting naval searches, among others.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Danish photographer under investigation for explicit photos atop Egypt’s pyramids
Authorities have launched an investigation into explicit images allegedly made by a Danish photographer atop the Khufu Pyramid, CNN and Sky News reported. The photo can be found here, for those interested (don’t open with the kiddies around). The issue (naturally) received attention on the airwaves, with the Giza Plateau’s general director Ashraf Mohieldin saying […]
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 (Thursday): 12,388 (-1.6%) Turnover: EGP 590 mn (26% below the 90-day average) EGX 30 year-to-date: -17.5% THE MARKET ON THURSDAY: 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 07-09 December (Friday-Sunday): RiseUp […]
Posted inWhat We're Tracking Today
What we’re tracking on 6 December 2018
It’s PMI Day: The Emirates NBD purchasing managers’ index for November is due out at 6:15am CLT. You can download the press release here when it arrives. October’s PMI gauge was largely unchanged from September’s reading. Sir Suma is back in town: EBRD boss Sir Suma Chakrabarti will launch today the institution’s “Economic Inclusion Policy […]
Posted inWhat We're Tracking Today
International business news on 6 December 2017
The top story in global business news this morning is … odd? Canada has arrested Huawei’s global chief financial officer in Vancouver and extradited her to the United States, where she faces charges she violated US trade sanctions against Iran. (Globe & Mail | WSJ | FT | Reuters | Bloomberg) Asian shares are down […]
Posted inWhat We're Tracking Today
Jewish expat community establishes Dubai’s first synagogue
Dubai’s first synagogue is moving out of the shadows as regional attitudes towards Israel soften, Bloomberg writes. While some of the three-year-old synagogue’s 150 members are still hesitant to reveal its location or speak openly about its activities, the UAE’s recent tolerant stance has persuaded others to begin opening up about the house of worship. […]
Posted inEnterprise+: Last Night’s Talk Shows
EDEX comes to a close but remains the star of Egypt’s talk shows
EDEX 2018, which came to a close yesterday, remained the star of last night’s talk shows. Several new products, including Egypt’s first radar, were unveiled at the expo, Military Production Minister Mohamed El Assar said on Al Hayah Al Youm. Preparations will be underway soon for next year’s edition of the event, he said (watch, […]
Posted inSpeed Round
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most” -Capital Economics
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most,” Capital Economics said in a research notethat suggests the Central Bank of Egypt had been leaning on state banks to mobilize their FX liquidity and thereby avoid agitating the IMF by directly intervening. Even though […]