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The government has invited investors to submit their offers for the development of 13.1k feddans in 10 Ramadan City, where it hopes to establish commercial and administrative projects, as well as hotels and health facilities, Prime Minister Mostafa Madbouly said yesterday.
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Second monk arrested in connection with Bishop’s murder
Police forces arrested a second monk yesterday in connection with the murder of St. Macarius Monastery abbot Bishop Epiphanius, the Associated Press reports, citing the state news agency. 33-year-old monk Faltaous was taken into custody after recovering from an attempted suicide. This comes one day after the defrocked monk Ash’eyah was arrested after confessing to […]
Posted inSports
Egypt wins 13 medals at World Para Powerlifting African Championships
Egyptian athletes secured a total of 19 medals at the Algiers 2018 World Para Powerlifting African Championship, including 13 gold medals, four silver medals, and two bronze medals. The tournament wrapped up yesterday, with Egypt finishing as first runners-up after Nigeria. On the final day, our powerlifters won five of six men’s events, according to […]
Posted inON YOUR WAY OUT
Temenos and AUC Venture Lab team up to accelerate fintech innovation in Egypt
Banking software company Temenos will be collaborating with the American University in Cairo’s Venture Lab incubator, providing fintech startups with a model of their top banking software to use while developing their businesses, Temenos said in a press release yesterday. The platform Temenos T24 “will enable startups to integrate their solutions with banking data and […]
Posted inON YOUR WAY OUT
Global economist Samir Amin dies at age 86
Egyptian-French economist Samir Amin died on Sunday at the age of 86. The man who coined the term eurocentrism was born in Cairo in 1931 and spent most of his childhood in Port Said, according to Ahram Online. He moved on to write a number of books and worked extensively in the field of developmental […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.83 | Sell 17.93 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Monday): 15,522 (-1.4%) Turnover: EGP 709 mn (19% below the 90-day average) EGX 30 year-to-date: +3.3% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
16 August (Thursday): CBE’s Monetary Policy Committee meeting. 21-25 August (Tuesday-Saturday): Eid Al Adha (TBC), national holiday. 28-29 August (Tuesday-Wednesday): CI Capital’s 5th Annual Egypt Equities Conference, Cape Town, South Africa. 04-05 September (Tuesday-Wednesday): Euromoney Egypt Conference 2018, Cairo. 10-13 September (Monday-Thursday): EFG Hermes’ 8th Annual London Conference, Emirates Arsenal Stadium, London. 11 September (Tuesday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 18 August 2018
The CBE’s Monetary Policy Committee (MPC) is expected to keep interest rates on hold when it meets this Thursday. Despite a slowdown in inflation levels to 13.5% in July, compared to 14.4% in June, HC Securities Chief Economist Sara Saada says the CBE is expected to maintain overnight deposit and lending rates unchanged at 16.75% […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi inaugurates new barrage at Assiut
President Abdel Fattah El Sisi’s inauguration of a new irrigation dam at Assiut yesterday was the main topic of discussion on the airwaves last night. The irrigation dam, one of the largest water projects on the nile, will benefit farmers across 20% of Egypt’s agricultural land in Giza, Fayoum, Beni Sueif, Assiut, and Minya, Irrigation […]