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President Abdel Fattah El Sisi will be inaugurating a number of Japanese schools this week, Education Minister Tarek Shawky said. El Sisi was scheduled to launch the schools yesterday. Shawky announced last week that the government plans to have 34 Japanese schools operational by the start of this academic year.
Author Archives: enterpriseam admin
Posted inHealth + Education
Services under the Universal Healthcare Act will be rolled out next May
The services under the country’s new health insurance scheme will begin rolling out in May, Health Minister Hala Zayed said. A trial run of the services in the newly upgraded and built public hospitals will begin then, she noted. Some 200 doctors have been hired and trained for the roll out of phase one of […]
Posted inTourism
Archaeologists find new sphinx statue in Kom Ombo
Archaeologists discovered a ptolemaic-era sphinx statue at the Kom Ombo temple in Upper Egypt, according to the Antiquities Ministry. Two statues of King Ptolemy V were found in the same location two months ago.
Posted inTelecoms + ICT
TE completes acquisition of MENA cables
Telecom Egypt (TE) announced today that it has officially completed the acquisition of MENA Cables from Orascom Telecom Media and Technology in a USD 90 mn transaction, of which USD 40 mn represented the cost of the cable.
Posted inBanking + Finance
Banque du Caire signs MoU with Uzbek national bank to boost trade and exports
Banque du Caire has signed a cooperation agreement with the National Bank of Uzbekistan aimed at boosting trade ties and stepping up Egyptian exports to a dozen Eurasian counties, Al Shorouk reported. The agreement allows for direct transactions between the two banks, making it easier for exporters to do business.
Posted inEgypt Politics + Economics
Abu Zaid, Youssef vye to head up Support Egypt
Support Egypt Coalition members Rep. Taher Abu Zeid and Rep. Mohamed Youssef appear to be throwing their hats in the election to head up the House of Representatives’ largest political bloc, party insiders tell Al Shorouk. The move follows the surprise announcement by current leader Mohamed Elsewedy that he will not seek another term as […]
Posted inON YOUR WAY OUT
Egyptian musicians on US tour for Center Stage culture program
Egyptian music acts are touring the US as part of Center Stage, a cultural exchange program launched by the US Department of State, according to Egypt Today. Dina El Wedidi, Yousra El Hawary and the Karkade band will tour the United States for one month as part of the program. Egyptian actor Mohamed Karim stars […]
Posted inON YOUR WAY OUT
12 injured in a train accident in Menofiya
12 people were injured when a train derailed at the Shebin El Koum station in Menoufiya yesterday, Health Ministry spokesman Khaled Megahed said, Ahram Online reports. The National Railway Authority formed a committee to investigate the cause of the accident, according to Al Shorouk. Egypt is working on a broader overhaul of the country’s rail […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.96 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 14,756 (-3.6 %) Turnover: EGP 634 mn (20% below the 90-day average) EGX 30 year-to-date: -1.8% THE MARKET ON SUNDAY: The EGX30 […]
Posted inCALENDAR
16 September (Sunday): Creative Industry Summit 2018, Four Seasons Nile Plaza, Cairo. 17-19 September (Monday-Wednesday): INTERCEM Cairo to Cape Town cement industry conference, Dusit-Thani LakeView, Cairo. 18-21 September (Tuesday-Friday): The Big 5 Construct Egypt, Egypt International Exhibition Center, Cairo, Egypt. 18 September (Tuesday): Cairo Economic Court to issue ruling on EGP 5.6 bn antitrust case […]