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An alliance of German Universities known as the UAS7 plans to establish a German university for applied sciences at the new administrative capital, Higher Education Minister Khaled Abdel Ghaffar said, according to Youm7. The project will be developed with support from the German government and German Development Agency (GIZ), Abdel Ghaffar said. The school should […]
Author Archives: enterpriseam admin
Posted inTourism
Sharm airport receives first flight from Kazakhstan
Sharm El Sheikh International Airport received yesterday its first flight from the Kazakh capital of Taraz, which carried 221 Russian tourists, Ahram Online reports. The airport will be receiving one flight a week from Taraz.
Posted inTelecoms + ICT
Egypt signs agreement with GGTT, Korea Telecom for faster landline internet service
South Korea’s Giga Global For Telecom & Technology (GGTT) and Korea Telecom will be supplying the Suez Canal with its new technology system that should help increase the internet speed in the area to 1GBps, Korea Telecom Chairman and CEO Chang-Gyu Hwang announced at a press conference yesterday, Al Mal reports. The two sides signed […]
Posted inEgypt Politics + Economics
Court orders econ book author released pending investigation of “false news” charges
** #8 A Cairo court ordered the release of author Abdel Khalek Farouk yesterday, pending further investigation of charges he spread false news in a forthcoming book critical of the economy, according to Al Masry Al Youm. Farouk was arrested this month along with the publisher of his upcoming book “Is Egypt a poor country?”
Posted inSports
Hossam Hassan appointed as Pyramids FC manager
Saudi-owned Egyptian football club Pyramids announced yesterday that retired Ahly and Zamalek striker Hossam Hassan has been named team manager in place of Argentinian coach Ricardo La Volpe, Ahram Online reports. Hassan resigned from his post as El Masry club’s head coach on Monday morning, but the club’s board has apparently rejected his resignation hours […]
Posted inON YOUR WAY OUT
Upcoming Middle Eastern directors could bring more Oscars home
** #9 Upcoming Middle Eastern directors could bring more Oscars home: Young, upcoming Middle Eastern directors could bring Oscars home with their innovative and unique approachesto filmmaking, says Al-Monitor. “If the young directors pull off a few international awards in 2019, it may mark the beginning of a youth revolution in Middle Eastern cinema,” film […]
Posted inON YOUR WAY OUT
Egypt wins gold at Speedball World Championship, hosts pro wrestling event in Ismailia
Egyptians are into some unusual sports...and are very good at them, apparently. Egypt’s national speedball team snatched all gold medals at the 30th edition of the Speedball World Championship this week, Ahram Online reports. We beat France in both the single- and double-match edition of this game, which is basically a lazy version of tennis […]
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): 13,074 (+0.7%) Turnover: EGP 666 mn (5% below the 90-day average) EGX 30 year-to-date: -12.9% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
28-30 October (Sunday-Tuesday): 1st Sharm El Sheikh Rendezvous, annual meeting of the insurance and reinsurance industry, Savoy Resort, Sharm El Sheikh, Egypt. November: A delegation of French pharmaceutical and medical equipment companies is set to visit Egypt sometime in November to explore potential investments, according to a Trade Ministry statement. 01-02 November (Thursday-Friday): Annual Middle […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 October 2018
Sometimes Mondays roar to life. Others, we’re left wondering, “We got out of bed early / worked overnight for this?” It’s a case of the latter today, at home and abroad. More often than not, that means we’re in for a rather busy day. Spooky pre-Halloween fact: “With European and emerging market equities already down […]