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Retrial of Ikhwan leaders tops coverage of Egypt in international headlines: The Cairo Criminal Court ordered yesterday the retrial of Ikhwan leader Mohammed Badie and deputy Khairat El Shater, and several others, over violence-related charges from 2013. The first hearing has been scheduled for 7 October, Reuters says, citing the state news agency. The story […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Teachers are at the heart of educational reform in Egypt
Teachers are at the heart of educational reform in Egypt: Past attempts to reform education in Egypt through a change in curriculum have all proven ineffective, political science professor Mona Makram Ebeid writes in a piece for Al Masry Al Youm, where she argues that a lesson is only as good or bad as the […]
Posted inWorth watching
Polygamous societies are more violent
Is there a correlation between polygamy and violence in a society? Countries in which men are legally permitted to marry morethan one woman are plagued by instability as poorer men turn to violence to amid a shortage of brides, according to the Economist. “If the richest and most powerful 10% of men have four wives […]
Posted inDiplomacy + Foreign Trade
Hamas delegation in Cairo for more reconciliation talks
A Hamas delegation arrived in Cairo yesterday for further talks with Egyptian officials to discuss brokering a truce with rival Palestinian faction Fatah and alleviating the blockade of Gaza, spokesman Hossam Badran said, Brinkwire says.
Posted inEnergy
Egypt’s RGS, Saudi, French investors to bid on two solar plants worth USD 160 mn
Egyptian solar panel company RGS is planning to partner with unnamed Saudi and French companies to bid on two 50 MW solar power plants worth a combined USD 160 mn, RGS CEO Mohamed Ali told Al Mal. He expects the contracts for the plants to be signed next month, with work to begin in November. […]
Posted inAutomotive + Transportation
Car sales rise 12% y-o-y in August amid market recovery
Egypt’s passenger car sales rose 12% y-o-y in August as the market continued to recover, but fell 8% m-o-m “likely due to seasonal impact,” according to figures from the Automotive Information Council (AMIC). GB Auto’s total car sales went down by 5% to 3,740 units while its market share fell to 32.5% in August compared […]
Posted inSports
EOC bans Mortada from sporting events and calls on House to lift his immunity
The Egyptian Olympic Committee (EOC) decided yesterday to ban Zamalek Football Club chairman Mortada Mansour from all club-related sporting events and called on the House of Representatives to lift Mansour’s parliamentary, the organization said in a statement. This came just one day after the Confederation of African Football (CAF) decided to ban him for one […]
Posted inON YOUR WAY OUT
Trevor James’ take on Alexandria’s street food
Chinese food blogger Trevor James took a stroll through Alexandria’s side streets to review some of its authentic breakfast placeslike Mohamed Ahmed and “Alexandrian fondue place” Alban Swisra. James vlogs his way through the city as he visits a busy seafood market in Bahary, picks and purchases some fresh squid, shrimp and crab and watches […]
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): 14,616 (-0.1%) Turnover: EGP 550 mn (27% below the 90-day average) EGX 30 year-to-date: -2.7% THE MARKET ON SUNDAY: The EGX30 index […]
Posted inCALENDAR
October: The Madbouly cabinet has until the end of the month to come up with a plan for “the development and restructuring” of public companies under a directive from President Abdel Fattah El Sisi. 01 October (Monday): First day of trading on shares in CIRA’s IPO. 02 October (Tuesday): House of Representatives due back in […]