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Trading on 50,000 global deposit receipts of Alexandria Mineral Oils Company (AMOC) began on Thursday, the company said in a bourse statement (pdf).
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Gov’t denies detaining former lawmaker Mustafa El Nagar
Authorities have denied that former Rep. Mustafa El Nagar was forcibly disappeared and detained in Egypt, according to a State Information Service statement. El Nagar is reportedly a fugitive and was charged to three years in prison over charges of insulting Egypt’s judiciary. The former lawmaker’s wife claimed last week that El Nagar had been […]
Posted inSports
EFA is trying to “compromise” with Mo Salah over image rights dispute
The Egyptian Football Association (EFA) is trying to reach a “compromise” with national footballer Mohamed Salah on their image rights dispute from earlier this year, EFA board member Hazem Emam said, according to the National. The EFA maintains that it has certain rights it also needs to protect, and is close to working out an […]
Posted inSports
Egypt lands seventh bronze at Buenos Aires Olympics with futsal win over Argentina
Egypt won its futsal match against Argentina with a final score of 5-4 at the Buenos Aires Youth Olympics on Thursday, according to a championship release. The win, which Mohamed Talaat made possible by scoring four goals after Argentina secured a 3-0 lead, landed Egypt its seventh bronze medal and its 12th overall at the […]
Posted inSports
EOC bans Mortada Mansour for two years
The Egyptian Olympic Committee (EOC) decided to officially ban Zamalek Football Club chairman Mortada Mansour for two years from all club-related sporting events for making derogatory comments about officials from the Confederation of African Football (CAF), according to KingFut. Earlier this month, the Supreme Media Council banned Mansour from making appearances all media platforms. CAF […]
Posted inON YOUR WAY OUT
Medieval Cairo aqueduct to undergo EGP 6 bn facelift
Cairo’s centuries-old medieval aqueduct is getting a facelift as part of a EGP 6 bn plan to restore the area near the Citadel, which has been damaged by informal housing and a growing number of unlicensed tanner workshops, Gulf News reports. The restoration project includes relocating the workshops away from central Cairo, as well as […]
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): 13,644 (-1.2%) Turnover: EGP 626 mn (11% below the 90-day average) EGX 30 year-to-date: -9.2% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
Mid-October: IMF delegation due in town for its fourth review of Egypt’s economic reform program. 23 October (Tuesday): First Conference on Sukuk (Sharia-compliant bonds), Cairo. 23-24 October (Tuesday-Wednesday): Intelligent Cities Exhibition & Conference 2018, Fairmont Towers Heliopolis, Cairo. 24-25 October (Wednesday- Thursday) 9th Arab-German Energy Forum, Cairo, Egypt. 25-27 October (Thursday-Saturday): 57th ACI World Congress […]
Posted inWhat We're Tracking Today
What we’re tracking on 18 October 2018
It’s a slow news morning in Egypt and global markets alike. The biggest news here at home as we slide into the weekend is the prospect of better terms on oil and gas contracts. Globally, the conversation is dominated by the Khashoggi affair and Canada becoming yesterday the second country in the world to legalize […]