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The European Investment Bank (EIB) and Bank of Alexandria (Alexbank) signed yesterday a EUR 20 mn financing agreement to support SMEs in Egypt, according to an EIB statement picked up by Youm7. The agreement, which is part of the EIB’s Economic Resilience Initiative (ERI) and strategy to foster financial inclusion, marks EIB’s first credit line […]
Author Archives: enterpriseam admin
Posted inLaw
Zaki Hashem served as legal advisor to CSCEC on new capital business district development
Zaki Hashem & Partners served as legal advisor to China State Construction Engineering Company (CSCEC) on the company’s USD 3 bn contract to develop the business district of the new administrative capital, Al Masry Al Youm reports. CSCEC had signed the contracts for the project last October.
Posted inON YOUR WAY OUT
Olympian swimmer Farida Osman, Egyptian weightlifter Mohamed Ehab win gold at 2018 Mediterranean Games
View this post on Instagram Egyptian Olympian swimmer Farida Osman clinched the gold medal for the 50m freestyle race yesterday and another for the 50m butterfly event the day before at the 2018 Mediterranean Games, Youm7 reports. Farida’s latest win brings the total number of medals under Egypt’s belt at the championship to 19. Osman […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.83 | Sell 17.93 EGP / USD at CIB: Buy 17.82 | Sell 17.92 EGP / USD at NBE: Buy 17.78 | Sell 17.88
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 25 June 2018
We have another Accidental Legislation Issue this morning as the House of Representatives kicks into overdrive before it winds down for summer recess. Look for more of the same today after the general assembly passed a number of laws and funding agreements yesterday. President Abdel Fattah El Sisi also signed into a law a number […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
A shuffle of governors could be announced by the end of this week, Al Shorouk reports, adding that Prime Minister Mostafa Madbouly has given a preliminary outline of the shuffle to President Abdel Fattah El-Sisi and Local Development Minister Mahmoud Shaarawy. The shuffle could include as many as 15 of 27 governors, including Cairo, Aswan, […]
Posted inEnterprise+: Last Night’s Talk Shows
Sherif Amer could b leaving MBC now that Amr Adib has joined the network
We have some airwaves-related gossip for you this morning: Sherif Amer could be leaving MBC now that Amr Adib has come into the fold. Sources tell Al Dostor that Amer has been frustrated since news of Adib coming over made it to the public sphere, adding that there is a an inclination within the network’s […]
Posted inSpeed Round
House is shopping around legislation to tax social media ads
LEGISLATION WATCH- House is shopping around legislation to tax social media ads: A draft law to tax Egyptian advertisers for their social media spends apparently exists and is already floating around in the House of Representatives, MPs tell Egypt Independent. The proposal would tax both paid and unpaid ads (how that last bit would work […]