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The Transport Ministry is reportedly days away from signing an agreement with Russia’s Transmashholding to purchase 1,300 new railway cars, Al Mal reports, citing a cabinet statement. A Russian-Hungarian banking consortium had offered to provide the Egyptian National Railways (ENR) with a loan to finance the purchase of the railway cars from Transmashholding, which would […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
Pharos Holding increases AUM to EGP 4.55 bn in 1H2018
Pharos Holding raised its assets under management (AUM) to EGP 4.55 bn by the end of 1H2018, Chairman and CEO Elwy Taymour told Amwal Al Ghad. Pharos plans to increase its AUM through the remainder of the year largely by working to diversify its portfolio.
Posted inEgypt Politics + Economics
Former monks accused of bishop’s murder referred to trial
Prosecutor General Nabil Sadek referred former monks Wael Saad and Ramon Mansour to trial on Sunday for their alleged involvement in Bishop Epiphanius' murder, according to Reuters' Arabic service. Saad and Mansour confessed to the premeditated crime, the newswire says.
Posted inEgypt Politics + Economics
Sisi pardons over 2,300 prisoners
President Abdel Fattah El Sisi issued a presidential pardon last week for 2,376 inmates on the occasion of Eid Al Adha, according to an Interior Ministry statement.
Posted inNational Security
Egyptian navy holds military exercises with Italian, Greek, South Korean counterparts
Egypt’s naval forces held joint military exercises with their Italian, Greek and South Korean counterparts off the Mediterranean and the Red Sea coasts last Monday, according to an Armed Forces statement.
Posted inSports
Egyptian national football team FIFA ranking drops to 65th
Egypt’s national football team took a plunge in the latest FIFA World Ranking, dropping to the 65th spot from 31 previously. The drop also pushed us out of our position among the top 10 African teams. World Cup champions France sit at the top of the ranking, while Germany — whose performance at this year’s […]
Posted inSports
Mo Salah shortlisted for UEFA best player and UCL best forward
Egyptian footballer Mohamed Salah is among the shortlisted nominees for the Union of European Football Associations (UEFA) Player of the Year and the UEFA Champions League (UCL) Forward of the Year. Both awards will be presented during the 2018/19 UCL group stage draw in Monaco on 30 August. Salah is up against Cristiano Ronaldo and […]
Posted inSports
Javier Aguirre calls up 13 foreign-based players for Egypt
National football team coach Javier Aguirre will announce on 31 August the full roster of overseas-based players set to join the team for the 2019 Africa Cup of Nations qualifier against Niger next month, according to BBC. Mo Salah is naturally on the preliminary list with the likes of, El Neny, Ramadan Sobhi, and Mahmoud […]
Posted inON YOUR WAY OUT
Cyprus extradites lovejacker to Egypt for trial
Cyprus extradites lovejacker (remember him?) to Egypt for trial: Seif Eddin Mustafa, the man who hijacked a domestic EgyptAir plane and diverted it to Cyprus, has been extradited to Egypt to be tried for the 2016 incident, according to Reuters. The extradition came after “Cairo provided assurances that he would faced legal proceedings that conform […]
Posted inON YOUR WAY OUT
Kofi Annan dies at 80
Former UN secretary general Kofi Annan died last Saturday at the age of 80 after a “short unspecified illness” at a hospital in Switzerland, according to Bloomberg. The first black African to head the body, Anan served two terms between 1997 and 2006. He was awarded the Nobel peace prize for his humanitarian work with […]