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Egypt’s cotton exports rose 181.6% y-o-y in 2Q2017-18 to 379,700 qintars, up from 134,800 qintars during the same period last year, according to CAPMAS figures cited by Al Shorouk.
Author Archives: enterpriseam admin
Posted inHealth + Education
International Eye Hospital plans to set up three facilities in Egypt and abroad
The International Eye Hospital is planning to establish two facilities abroad in the coming period in addition to opening a satellite facility in Giza, Chairman Beshr Kenawy said, Al Mal reports. Kenawy did not provide any details on the expected investment value of the planned expansions or where the international facilities will be established.
Posted inTourism
Pyramisa Hotels plans to readdress Agri Ministry to build EGP 500 mn resort
Pyramisa is planning to resurrect a EGP 500 mn touristic resort by Egypt’s new Grand Egyptian Museum in Giza, which authorities had refused to license last year claiming the company was looking to build on agricultural land, Chairman Magdy Azab tells Al Mal. The company plans to self-finance the project and is currently studying partnership […]
Posted inON YOUR WAY OUT
FAO launches USD 2.3 mn fruit, vegetable waste reduction program
FAO launches USD 2.3 mn fruit, vegetable waste reduction program: The Food and Agriculture Organization (FAO) has launched a USD 2.3 mn project in Egypt and Tunisia to cut down on the spoilage and waste of vulnerable crops such as tomatoes and grapes, FAO’s representative in Egypt Hussein Gadain says. The program, which is funded […]
Posted inON YOUR WAY OUT
Spotted: Egyptian empathy still exists
Perhaps it’s the spirit of Ramadan, but we couldn’t help but share with you this rare moment of genuine empathy between man and dog. 37-year-old Mohamed Wardany shot this image last April in the midst of the buzzing annual Sayeda Zeinab Mouled and it has since gone viral on social media, the photographer told Enterprise.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95 EGP / USD at CIB: Buy 17.84 | Sell 17.94 EGP / USD at NBE: Buy 17.8 | Sell 17.9 EGX30 (Monday): 16,404 (-1.6%) Turnover: EGP 924 mn (18% BELOW the 90-day average) EGX 30 year-to-date: +9.2% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
14 June (Thursday): 2018 World Cup kickoff match between Russia and Saudi Arabia, Moscow, Russia. 15 June (Friday): Egypt’s first 2018 World Cup match against Uruguay, Yekaterinburg, Russia. 15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday). 19 June (Tuesday): Egypt plays […]
Posted inWhat We're Tracking Today
What we’re tracking on 4 June 2018
Annual increase in stock market stamp tax has come into effect: The stamp tax on capital market transactions rose to 0.15% yesterday from 0.125%, Al Mal reports. The levy, which came into effect last year, will rise to 0.175% next year. The Financial Regulatory Authority is debating whether to cut regulatory fees on stock market […]
Posted inON THE HORIZON
On the horizon
The central bank’s monetary policy committee will meet on 28 June. Saudi Arabia could be upgraded to MSCI emerging markets status this month. Do you have an idea for a tech-enabled business idea that could make agriculture in Egypt more efficient? The World Bank may have seed funding, access to mentorship, and an accelerator / […]