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The Social Solidarity Ministry expect to send its final draft of the executive regulations for the NGOs Act to the Madbouly Cabinet before the end of October, Minister Ghada Wali said yesterday. The regs have been delayed to allow the committee drafting them time to address a number of issues with the law, which the […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
EGX mulling new mechanism to calculate shares’ closing price
The EGX is looking into introducing a new mechanism to calculate the closing price of shares, which is currently calculated based on the average price at which a share is traded and the volume of trade over the course of the day, EGX boss Mohamed Farid tells Al Mal. New scenarios under study include using […]
Posted inEgypt Politics + Economics
SIS denounces Human Rights Watch’s report as biased, inaccurate
The Human Rights Watch report alleging that Egypt-born US cab driver Khaled Hassan was forcibly disappeared, tortured, and raped in an Egyptian prison is “biased, politicized, and inaccurate,” the State Information Service said in a statement yesterday.
Posted inNational Security
Military chief of staff in Washington for meetings with US-allied military leaders
Armed Forces Chief of Staff Mohamed Farid is in Washington to attend a gathering of military leadersfrom countries allied with the US in the fight against radical groups, according to an Armed Forces statement. Farid is also expected to sit down for a one-on-one with the Chairman of the US military Joint Chiefs of Staff, […]
Posted inSports
Salma Abdel Masoud wins gold at Buenos Aires 2018 Youth Olympics
Egyptian pentathlete Salma Abdel Maksoud won Egypt’s first-ever pentathlon Olympic medal, snagging gold on Saturday at the Buenos Aires 2018 Youth Olympic Games (YOG), according to the Olympics’ official website. The pentathlon at this year’s YOGs, which wraps up Thursday, combined fencing, swimming, running and shooting. Abdel Maksoud landed Egypt its first-ever pentathlon Olympic medal […]
Posted inON YOUR WAY OUT
Flat6Labs turns 7 years old
Our friends at Flat6Labs turned seven last week. Since its launch in 2011, Flat6Labs has helped more than 180 portfolio companies raise over USD 15 mn in funding, with with contributions from a list of institutional investors that includes the International Finance Corporation (IFC), BLOM Bank, and the Tunisian American Enterprise Fund, the company said […]
Posted inON YOUR WAY OUT
Online bargain aggregator EDEALO.com is now live
Online bargain aggregator EDEALO.com is now live. Egyptian startup Edealo announced yesterday (pdf) that it has launched services on its website, which pools together coupons for online bargains on items including flight tickets, fashion, electronic appliances, and digital courses, to name a few. Access to the coupons comes free of charge. Check out the website […]
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 (Sunday): 13,537 (+1.9%) Turnover: EGP 543 mn (24% below the 90-day average) EGX 30 year-to-date: -9.9% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
Second week of October: NI Capital expected to select winning bid in its tender for the management of Alexandria Containers & Cargo Handling’s stake sale. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 14 October 2018
A thought to keep in mind as we get this show on the road: The real secret to greater productivity is to only do that which you really enjoy. The shortest column we’ve ever read in the Guardian is also one of the best. ** #4 Shorter cooling-off period, new T+0 and margin trading rules […]