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The government is planning to allocate another 100k feddans to individual farmers in late June as part of the 1.5 mn feddan desert reclamation project, Al Shorouk reports. The land plots will be located in West Minya, Farafra Oasis, and Maghara. The Egyptian Countryside Development Company announced last month that it was planning to tender […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Mobile gaming revenues set to grow 52% by 2022: Forbes report
Egyptians appear to be gaming away their fasting hours. According to a recent study by AdColony EMEA, Egyptians are using their cell phones to play around 20-40 minutes of games everyday, Forbes reports, noting that USD 50 bn mobile gaming industry’s revenues are set to grow 52% by 2022.
Posted inON YOUR WAY OUT
Egyptian actress Madiha Yousri passes away at age 96
Egyptian actress Madiha Yousri passed away yesterday at age 96, Youm7 reports. Yousri, who was born to a Turkish father and a Sudanese mother, is best known for her roles in Wafaa (1954), Inni Rahela (1955), Shahr El Assal (1946), and Al Khataya (1962), as well as the television series Hawanem Garden City.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.87 | Sell 17.97 EGP / USD at CIB: Buy 17.87 | Sell 17.97 EGP / USD at NBE: Buy 17.80 | Sell 17.90 EGX30 (Tuesday): 17,006 (+1.3%) Turnover: EGP 814 mn (29% BELOW the 90-day average) EGX 30 year-to-date: +13.2% THE MARKET ON TUESDAY: 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 29 May 2018
State-owned enterprises will be in the spotlight today as we expect the Ministry of Public Enterprise to start announcing multiple overhaults drives that will see SOCs forced to restructure both their debt and their organizations. The move is a prelude, in some cases, to new partnerships with the private sector and potential stake sales The […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
President Abdel Fattah El Sisi will be sworn in for his second presidential term on Saturday, 2 June, at the House of Representatives, Ahram Gate reports. Afreximbank is hosting a conference on deepening Egypt-Africa Trade this Thursday, 31 May. The event is a precursor to the Afreximbank-backed Intra-African Trade Fair, set to run in Cairo […]
Posted inON THE HORIZON
On the horizon
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 / incubator program for you through its “DigitalAG4Egypt” program. The deadline for submissions is 1 July. Tap or click here for more information. Upcoming […]
Posted inEnterprise+: Last Night’s Talk Shows
Last night’s talk shows on 29 May 2018
They’re still on hiatus. If we were them, we’d be in a konafa-induced food coma by now. But we work for a living, so…