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Investment Minister Sahar Nasr signed off on Thursday on the new model contract to establish joint stock, limited liability, and single-shareholder companies, according to a ministry statement. The amendments bring the contracts in line with the new Companies Act.
Author Archives: enterpriseam admin
Posted inLegislation + Policy
Gov’t to use fines to enforce e-payments for gov’t services and transactions in Jan
The Finance Ministry will enforce mandatory electronic payments to government bodies in January 2019 as per the newly amended Government Accounting Act, according to a ministry statement cited by the local press. This will include fines.
Posted inEgypt Politics + Economics
El Sisi ratifies amendments to two education aid agreements with US
President Abdel Fattah El Sisi ratified on Thursday amendments to aid agreements with the US government related for education initiatives targeting school and higher education degrees, according to local media reports. The two agreements were signed on 26 September 2017.
Posted inEgypt Politics + Economics
Egypt court suspends ruling that allows bearded police to return to work
An Egyptian court has suspended a ruling that allowed bearded policemen to return to work, AFP cited a judicial source as saying in a report picked up by News24. An appeals court in July had ruled that bearded officers could stay on the force.
Posted inNational Security
Egyptian, Pakistani navies holds drills in the Mediterranean
Egypt’s naval forces held joint military exercises with their Pakistani counterparts on Thursday, as Pakistani military ship SAIF PNS passed through the country, Youm7 reports. The drills featured a series of field exercises and military maneuvers.
Posted inSports
Egypt finishes first with 44 medals in the 13th CANA African swimming championships
Egypt claimed the first place in the 13th CANA African swimming championships, which wrapped up on Saturday in Algiers, winning 27 gold, 14 silver, and 4 bronze medals, Al Ahram reports. Egyptian swimmer Mohamed Sami won best player award after snatching 11 golds.
Posted inSports
Egypt meets England in the final of women’s world squash championships
Egypt will face England this morning (9:30 CLT) at the final of this year’s CGG WSF Women’s World Team Squash Championship held in Dalian, China reports insidethegames.biz. In other squash news, Youssef Soliman secured a win at The International Squash Tournament in Hong Kong and Rowan El Arabi secured women’s honour at The International Squash […]
Posted inON YOUR WAY OUT
Int’l Samaa’ Festival for Spiritual Music & Chanting to kick off in Cairo next week
The International Samaa’ Festival for Spiritual Music & Chanting will kick off in Cairo next week, with musicians from 20 countries expected in attendance, Reuters’ Arabic service reports. Tap or click here for more about the event.
Posted inON YOUR WAY OUT
Egypt’s sunken cities artefacts to be features at USA’s Minneapolis Institute of Art
Around 200 objects discovered from Egypt’s sunken cities will be exhibited at the USA’s Minneapolis Institute of Art on 4 November, according to Star Tribune. The items include some 16-foot-tall sculptures of pharaohs and queens, gold coins, and jewelry.
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): 15,309 (-1.2%) Turnover: EGP 601 mn (25% below the 90-day average) EGX 30 year-to-date: +1.9% THE MARKET ON THURSDAY: The EGX30 index […]