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The General Court of the European Union upheld a Council of the European Union ruling on Thursday to freeze the assets of family members of former Egyptian President Hosni Mubarak. "The General Court upholds the Council’s decision to freeze the assets of members of the Hosni Mubarak family, on the basis of judicial proceedings relating […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
SIS rejects Amnesty International allegation of torture of children
Amnesty International's allegations on the torture of children in Egypt is not based on "tangible evidence and lacks accuracy," the State Information Service (SIS) said in a statement on Thursday. The organization had published a statement on Wednesday accusing Egypt of disregarding basic children’s rights for subjecting six children “to horrific violations including torture, prolonged […]
Posted inEgypt Politics + Economics
FinMin settles 65 tax disputes with QNB, EGP 100 mn repaid
The Finance Ministry has settled 65 tax disputes with QNB Al Ahli worth EGP 100 mn, which the bank has paid, Al Mal reports. The disputes primarily involved stamp tax payments dating back 20 years. The ministry waived 90% of delay penalties and additional fines for QNB as part of the agreement, reducing the bank’s […]
Posted inNational Security
Egypt, Greece and Cyprus to conduct joint training drill Medusa 7
Egypt, Greece, and Cyprus will be holding a multi-day joint naval and air force exercise in Crete, according to an Armed Forces statement. The joint exercise, Medusa 7, will include trainings on naval and air combat maneuvers, as well as drills focusing on the security of offshore natural gas platforms.
Posted inSports
Egypt’s El Sayed crowned Greco-Roman world champion
Greco-Roman wrestler Mohamed El Sayed brought home a gold medal from last week’s Senior U23 World Championships in Bucharest, according to the tournament's website. El Sayed is the first since 2006 to win a wrestling gold across all age, weight, and style groups. Wrestler Ahmed Hassan also snatched a bronze medal at the event.
Posted inSports
Egypt head coach suggests Mo Salah should leave Liverpool
National football team coach Javier Aguirre has said it “may be better” for Mohamed Salah to leave Liverpool sooner rather than later if the Premier League club does not start winning trophies, ESPN reports. Liverpool boss Jurgen Klopp shrugged off the comment, saying at a presser that he “obviously” doesn’t agree, and suggested that Aguirre […]
Posted inSports
Egyptian Olympian Reem Abdalazem joins US national team as coach
Egyptian two-time Olympian Reem Abdalazem has been tapped by USA Synchro as an assistant coach for the US’ national swimming team, according to Swimming World Magazine.
Posted inON YOUR WAY OUT
American artist Jason Derulo visits Egypt, poses by Great Pyramids
Hip-hop singer-songwriter Jason Derulo was in town over the weekend to perform at a concert and did not miss the chance to take some pictures at the pyramids. This was Derulo’s first time performing live in Omm El Donia.
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): 13,675 (-0.4%) Turnover: EGP 1.3 bn (68% above the 90-day average) EGX 30 year-to-date: -8.9% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
End of November: A delegation from the Egypt-Greece Business Council will visit Athens at the end of November to promote investment, the council’s chairman, Hani Berzi, said. 25-28 November (Sunday-Wednesday): 22nd Cairo ICT, Egypt International Exhibition Center, Nasr City, Cairo. 26 November (Monday): The Financial Regulatory Authority (FRA) will look into an appeal by Beltone […]