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Liverpool forward Mohamed Salah came in sixth place in the Ballon d’Or awards, coming in behind Croatian midfielder Luka Modric, Cristiano Ronaldo, Antoine Griezmann, Kylian Mbappé and Lionel Messi, according to BBC. Salah is the first Egyptian to ever be nominated for a Ballon d’Or — one of the most prestigious individual awards in football.
Author Archives: enterpriseam admin
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 (Tuesday): 12,625 (-2.4%) Turnover: EGP 628 mn (21% below the 90-day average) EGX 30 year-to-date: -15.9% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
03-05 December (Monday-Wednesday): First Egypt Defense Expo “EDEX 2018”, Egypt International Exhibition Center, Nasr City Cairo. 04-05 December (Tuesday-Wednesday) Irish Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection Pat Breen in town heading a delegation of 12 companies to explore investment prospects, according to an Irish Embassy in Cairo […]
Posted inEnterprise+: Last Night’s Talk Shows
Egypt’s defense expo and the exoneration of the 57357 hospital from corruption charges
The talking heads were largely occupied last night with the inauguration of EDEX 2018 and an investigation clearing the 57357 children’s cancer hospital of corruption. Scriptwriter Wahid Hamed had alleged earlier this year that the hospital’s funds have been mismanaged and that donations meant to finance pro-bono medical care were spent elsewhere. A committee found […]
Posted inSpeed Round
Our exclusive sit-down with CIT Minister Amr Talaat
EXCLUSIVE- CIT minister looks to develop business-critical tech talent, turn Egypt Post into services and banking hub: We recently had the pleasure of sitting down with Communications and Information Technology Minister Amr Talaat for a quick chat on how he is helping pull the economy into the 21st century. Immediate bonus for business: Building the […]
Posted inSpeed Round
FinMin looks to raise Egypt’s average borrowing tenor to 3.5 years
FinMin looks to raise average borrowing tenor to 3.5 years: The Finance Ministry is looking to extend the average tenor of the state’s debt to 3.5 years from a current average of two or fewer by the end of FY2018-19, Vice Minister of Finance Ahmed Kouchouk said, according to Reuters’ Arabic service. The ministry is […]
Posted inSpeed Round
Jumia Black Friday sales jump 280% in 2018 compared to 2017
FACT OF THE MORNING- We love e-commerce. Jumia’s Black Friday sales grew 280% this year compared to 2017, helping drive 180% sales growth at the platform this year, CEO Hesham Safwat told Enterprise. Top sellers this year included mobile phones, home appliances, beauty and baby products and fast-moving consumer goods, he added. Amazon-owned Souq did […]
Posted inSpeed Round
Careem Bus launches in Cairo
Careem Bus began operations in Cairo yesterday. The bus service is accessible through the Careem Bus app and covers routesstretching across Downtown Cairo, Maadi, Six October and the Fifth Settlement. Fares are fixed at 60-70% less than a regular Careem ride, Menabytes reports. Careem launched the service after market research found 40% of the Egyptian […]
Posted inSpeed Round
Germany’s Bayer to double investments in Egypt in five years
INVESTMENT WATCH- German pharma player Bayer plans to double its investment in Egypt in the next five years to EUR 140 mn by introducing new cardiac, oncological and women’s health products, Bayer Managing Director for Egypt Hatem Safei told Al Mal. Safei claims that at 54%, Bayer’s top line in Egypt grew the fastest in […]