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EXCLUSIVE- FinMin to expand hedging to other commodities, including wheat: It appears that the Finance Ministry is indeed to looking to initiate a program to hedge against volatility in the global price of wheat in manner similar to its fuel hedging program, a ministry source told Enterprise. The move is part of a series of […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt and China sign agreements worth USD 18.3 bn, Ittihadiya confirms
INVESTMENT WATCH- Get ready to learn a bunch of hard-to-pronounce names as Egypt and China sign agreements worth USD 18.3 bn: The picture of is becoming clearer on the agreements signed in Beijing, as the State Information Service (SIS) announced that President Abdel Fattah El Sisi and Chinese Premier Xi Jinping have witnessed the signing […]
Posted inSpeed Round
Samsung to supply 1 mn educational tablets for 2018-19 academic year
Education Ministry to pay Samsung USD 240 mn for tablets: The Education Ministry has contracted Samsung to supply 1 mn educational tables for the 2018-19 academic year at a cost of USD 240 mn, Al Shorouk reports, citing informed sources. The ministry had awarded Samsung with the contract, which 50 other local and international companies […]
Posted inSpeed Round
EIB plans to sign loan agreements with Egypt worth EUR 589 mn by end-2018
EIB plans to sign loan agreements with Egypt worth EUR 589 mn by end-2018: The European Investment Bank’s (EIB) board of directors has signed off on extending new loans to Egypt worth a combined EUR 589 mn, EIB’s North Africa and Middle East Director Flavia Palanza tells Al Mal. The loans include a EUR 214 […]
Posted inSpeed Round
Libya declares state of emergency in Tripoli as death toll climbs
Libya declared yesterday a state of emergency in Tripoli as the death toll from fighting in recent days reached 39, Deutsche Welle reports. The fighting broke out last week between armed groups from Tripoli against others from the country’s southern suburbs, leaving around 96 wounded. Libya’s UN backed government urged rival militias to stop the […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
It’s the start of fall conference season tomorrow. Euromoney starts tomorrow and the EFG Hermes London conference, the fall’s top gathering of frontier and emerging markets fund managers, starts a week from today. It’s purchasing managers’ index day tomorrow. The Emirates NBD PMIs for Egypt, the UAE and Saudi Arabia will be out and posted […]
Posted inImage of the Day
Ancient Egyptian pregnancy tests are similar to modern day techniques
Egyptian women invested pregnancy tests more than 3,000 years ago? Papyrus texts from 3,500 years ago shows that Ancient Egyptian women followed a similar approach to modern days pregnancy tests by urinating on bags of wheat and barley and waiting on for a chemical reaction to indicate pregnancy, CNN reports.
Posted inEGYPT IN THE NEWS
Ancient neolithic village tops coverage of Egypt
Discovery of neolithic village tops coverage of Egypt: Topping coverage of Egypt in the foreign press this morning is the discovery of a Neolithic period village that predates the pharaohs in Tal Samara near Cairo, the Associated Press reports. Reuters also has the story.
Posted inOn Deadline
Chewing over the shuffle of the nation’s governors
The state needs to be more transparent when it comes time to shuffle governors and ministers, Mohamed Amin writes for Al Masry Al Youm. To do otherwise is to encourage the rumor mill, he argues. (Because as our friends in the West can tell us, there’s never rumors about who’s in or who’s out in […]