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Online car rental platform Dryve announced earlier this month that it was partnering up with Uber to launch a new service that would allow clients to rent out their cars to licensed Uber drivers for a share of the profit. Clients are expected to make a monthly profit of EGP 5,000-12,000. The company is collaborating […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
CAPMAS to begin national economy survey in November
State census agency CAPMAS will launch its quinquennial survey of Egyptian business and the economy this November and announce the results by October 2019, Planning Minister Hala El Saeed said, according to Al Shorouk.
Posted inEgypt Politics + Economics
Prosecutor General brings corruption charges against Env. Ministry official
Prosecutor General Nabil Sadek brought charges against an official in the Environmental Protection Fund (EPF) for allegedly attempting to embezzle EGP 3 mn in public funds, according to Egypt Today. The EPF is an Environment Ministry initiative that provides financing to eco-friendly projects.
Posted inSports
Aguirre announces the 12 foreign-based players for Egypt-Swaziland AFCON qualifier games
National football team coach Javier Aguirre announced on Thursday the full lineup of overseas-based players set to play Egypt’s third 2019 Africa Cup of Nations qualifier against Swaziland on 12 October, according to KingFut. The squad list includes the same players who took on Niger 6-0 earlier this month, except for Ramadan Sobhi who is […]
Posted inON YOUR WAY OUT
SIS releases previously unseen documents for peace treaty with Israel:
SIS releases previously unseen Camp David peace accord documents: Egypt’s State Information Service (SIS) released last week official documents from the Camp David summit, outline the terms of the accords on the 40th anniversary of their signing.
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 (Thursday): 14,083 (-0.1%) Turnover: EGP 1.4 bn (81% above the 90-day average) EGX 30 year-to-date: -6.2% THE MARKET ON THURSDAY: The EGX30 index […]
Posted inCALENDAR
23-24 September (Sunday-Monday): Arab Security Conference on cyber security, Nile-Ritz Carlton, Cairo. 24-25 September (Monday-Tuesday): Arqaam Capital MENA Investors Conference 2018, Four Seasons Resorts, Dubai. 24-25 September (Monday-Tuesday): Egypt Water Desalination Forum, venue TBD. 25 September (Tuesday): President Abdel Fattah El Sisi in New York for UN General Assembly. 26 September (Wednesday): E-Commerce Summit, Nile-Ritz […]
Posted inWhat We're Tracking Today
What we’re tracking on 20 September 2018
**#2 The EGX fell yesterday to its lowest close this year, marking its sharpest one-day drop since mid-2016, according to Reuters. The EGX fell 3.8% on Wednesday only a few days after the benchmark EGX30 closed down 3.6%, at the time its lowest level since January 2017. What’s going on? Local retail and institutional investors […]
Posted inEnterprise+: Last Night’s Talk Shows
Politics and education top coverage on the airwaves last night
It was a boring night on the airwaves, with much brain-melting ensuing. The economy was largely ignored in favor of (very little) political news. Elsewedy says goodbye to Support Egypt: House of Representatives Social Solidarity Committee chair Abdel Hady El Kassaby has taken over leadership of the Support Egypt Coalition, making it the topic of […]