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Egypt is “an ideal” outsourcing location due to its young population, large industry sector, and growing services sector, the International Association of Outsourcing Professionals (IAOP) says. The country is also improving its infrastructure through technology and business parks, and the reform program is helping to “unleash the economy’s potential,” the report notes. The report notes […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
SICO launches first Egyptian-made tablet, to raise CAPEX to EGP 1 bn
Egyptian electronics manufacturer SICO launched yesterday the first Egyptian-made tablet PC, the SICO Express 3, Ahram Gate reports. The company plans to bring its total investments to EGP 1 bn over the coming three years, up from a current EGP 422 mn, CEO Mohamed Salem said yesterday.
Posted inEgypt Politics + Economics
Former assistant health minister sentenced to 10 years in prison
A criminal court sentenced yesterday former Assistant Health Minister Ahmed Aziz to 10 years in prison and handed him a EGP 500k fine for accepting bribes worth EGP 4 mn, Al Masry Al Youm reports. The court acquitted a co-defendant in the case. The two were arrested back in May 2016.
Posted inSports
EFA says sorry, not sorry, for horrendous World Cup performance
Egyptian Football Association (EFA) head Hany Abu Rida apologized yesterday for the national team’s “very bad” performance at the World Cup. Speaking at a press conference, Abu Rida said the EFA is expecting to receive a technical report from team coach Hector Cuper on the reasons behind the team’s successive match losses, according to Youm7. […]
Posted inSports
Weightlifter Gaber Mohamed clinches two golds at 2018 Mediterranean Games
Egypt’s Gaber Mohamed scored two gold medals for the men’s weightlifting 105 kg class at the 2018 Mediterranean Games yesterday, the official website for the tournament shows. He brings the total number of Egypt’s medals at the Mediterranean Games tournament to 34.
Posted inON YOUR WAY OUT
Jump like the Pharaohs
Adrenaline junkies over the Pyramids: Sixty five world-record skydivers from twenty countries around the world gathered in Cairo this week to take part in the a 15k feet skydive dubbed “Jump Like the Pharaoh.” The organizers say their aim is to “support tourism, but we also want to advocate establishing a permanent drop zone in […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Wednesday): 16,176 (-0.1%) Turnover: EGP 1 bn (90% below the 90-day average) EGX 30 year-to-date: +7.7% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
28 June (Thursday): CBE’s Monetary Policy Committee meeting. 29 June (Friday): IMF’s executive board meeting to review progress on Egypt’s reform program. 1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge. 16 July (Monday): Cairo Court of Appeals to issue ruling on EGP 5.6 bn antitrust case against pharma companies including Ibnsina. 23 July (Monday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 27 June 2018
We had lunch yesterday with some of the most plugged-in people we know. All are ‘household names’ in our community, and we threw in a couple of distinguished foreign guests for good measure. We’re still mulling the discussion, but a handful of random observations stick out in our minds this morning. We’d like to share […]
Posted inWhat We're Tracking Today
Mohamed Safwat could be the first Egyptian at Wimbledon since 1980
Still nursing World Cup blues? Maybe Safwat’s shot at Wimbledon will help clear it up: Egyptian tennis player Mohamed Safwat could qualify for Wimbledon if he wins a match today against American Michael Mmoh, according to Sport360. Qualifying would make Safwat the first Egyptian to play in the championship since 1980. “While Egypt’s first World […]