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ECO Integrated Industrial Solutions is planning to invest EGP 12 mn next year to upgrade its recycling plant in 15 May City, CEO Essam Hashem tells Al Mal. The company, which also has plans to expand abroad, recently received approval from the General Authority for Freezones and Investors to launch its e-waste recycling startup Dr […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Egyptian lawyer wants Sergio Ramos to cough up EUR 1 bn for injuring Mo Salah
Yes, we all love Mo Salah. But we cannot export our brand of overzealous litigation. An Egyptian lawyer wants Real Madrid’s Sergio Ramos to pay EUR 1 bn for injuring Mohamed Salah during the Champions League final game on Saturday, Sports Illustrated reports. The lawyer, Bassem Wahba, says that, in addition to physically injuring the […]
Posted inON YOUR WAY OUT
Egypt wins 7 medals at 2018 Austrian Open Taekwondo Championship
Egypt’s national taekwondo players Nour Hussein and Mohamed Ayman clinched two gold medals each on Monday at the 2018 Austrian Open Taekwondo Championship, Al Mal reports. Radwa Reda, Seif Eissa, Rawan Refaei, Mohamed Farag and Abdelrahman Wael bagged a bronze each.
Posted inON YOUR WAY OUT
Bitcoin zakat: London mosque accepting donations in bitcoin
Bitcoin Zakat? A mosque in London has begun accepting donations in bitcoin and other cryptocurrencies during Ramadan “in a bid to widen its donor base and cut down on currency conversion fees,” according to Reuters. The move comes despite Egypt’s mufti issuing a fatwa (religious edict) that using bitcoin contravenes Islamic law, but the mosque’s […]
Posted inON YOUR WAY OUT
SODIC holds annual iftar
Our friends at SODIC held their annual Iftar at Bab El Nile tent at Fairmont Nile City, where Managing Director Maguid Sherif spoke on the company’s operations to the press, the company said in a press release (pdf).
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.96 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.80 | Sell 17.90 EGX30 (Monday): 16,791 (+0.9%) Turnover: EGP 821 mn (28% BELOW the 90-day average) EGX 30 year-to-date: +11.8% 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 28 May 2018
The Ramadan news slowdown is real, ladies and gentlemen. We’re determined to enjoy it while it lasts. YouTube is still accessible from Egypt this morning despite a Supreme Administrative Court ruling that it must be shuttered for a month over a years-old video a lower court had decided was insulting to the Prophet Mohammed. We […]
Posted inWhat We're Tracking Today
Murdering, [redacted]-crazed, substance-abusing puppets
In our TBR pile for that hour before iftar: Murdering, [redacted]-crazed, substance-abusing puppets have not pleased the creators of Sesame Street, who have filed a lawsuit against STX Entertainment over how the latter is promoting The Happytime Murders. The summertime comedy stars Melissa McCarthy and a cast of raunchy, [redacted]-hungry, violent puppets. At issue: The […]