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Egypt snatched a total of 11 medals — three gold, two silver, and six bronze — in individual competitions at the 2018 Buenos Aires Youth Olympic Games (YOGs),according to the Olympic Channel. Gold was won by modern pentathletes Salma Abdel Maksoud and Ahmed El Gendy and Karate Olympic athlete Yasmine El Gewely. Egypt will compete […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
House rep. wants to abolish punishments for drug use, suggests therapy instead
House rep. wants to abolish punishments for drug use, suggests therapy instead: House Rep. John Talaat is planning to propose amendments to the penal code that would scrap punishments like prison sentences and fines for drug use, replacing them with provisions that would see drug users ordered into rehab. Talaat told Egypt Today that he […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Wednesday): 13,816 (+0.9%) Turnover: EGP 634 mn (10% below the 90-day average) EGX 30 year-to-date: -8.0% THE MARKET ON WEDNESDAY: 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
Three stories we’re tracking on 17 October 2018
** #6 – Three questions lurk behind the headlines on an otherwise quiet-but-steady newsday: Will the beating handed to the shares of consumer and structured finance player Sarwa earlier this week prompt companies with IPOs now in the market to delay their offerings to 1Q2019 or beyond? Will the Madbouly government postpone the scheduled 21-25 […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 October 2018
** #8 – Making us proud this morning is Yehia Badawy, one of four co-founders behind theregion’s first fully licensed digital currency exchange. Based in Bahrain, “Rain is a digital currency exchange and custodian in the Middle East that allows people to buy, sell, and store digital currency in a regulated, secure, and compliant way,” […]
Posted inEnterprise+: Last Night’s Talk Shows
Last night’s talk shows on 17 October 2018
President Abdel Fattah El Sisi’s visit to Moscow dominated the airwaves last night. We have chapter and verse in this morning’s Speed Round, below. In other news: Egypt qualified for the 2019 Africa Cup of Nations following a 2-0 win against Swaziland yesterday and a favorable result for Tunisia against Niger, sports critic Ihab El […]
Posted inSpeed Round
Global FDI slumped in 1H2018, but Egypt remains Africa’s top destination
** #1 – Global FDI slumped in 1H2018, but Egypt remains Africa’s top destination: Global FDI fell 41% y-o-y in 1H2018 to USD 470 bn, according to UNCTAD’s latest investment trends monitor report (pdf). The slump was driven mostly by “large repatriations by United States parent companies of accumulated foreign earnings from their affiliates abroad […]
Posted inSpeed Round
World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development
** #2 – World Bank pledges USD 3 bn loan for infrastructure projects, Sinai development: Investment and International Cooperation Minister Sahar Nasr reached a final agreement with the World Bank to extend a USD 3 bn loan “over the coming months,” according to a ministry statement (pdf). The funding will be directed towards supporting the […]