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Egypt’s Al Ahly Football Club team arrived in Uganda on Saturday for the CAF Champions League group A encounter with Uganda’s Kampala Capital City Authority (KCCA) Football Club, Kawowo reports. The game is scheduled for Tuesday at 3:00pm CLT.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Arkan Plaza to become Egypt’s first mall to run entirely on solar power by 2021
Arkan Plaza to become Egypt’s first mall to run entirely on solar power by 2021: KarmSolar will build solar power stations with a total generation capacity of 20 MW at Arkan Plaza in Sheikh Zayed that should see the mall rely entirely on solar energy by 2021, the company announced in a release (pdf). The […]
Posted inON YOUR WAY OUT
Egyptian startup beXel wins second place at RDPETRO
Egyptian startup beXel wins second place at RDPETRO: Egyptian startup beXel won second place at the International Research and Development Petroleum Conference and Exhibition (RDPETRO) in Abu Dhabi, according to Oil Review Middle East. The cloud-based app allows users run instant field tests on various oil and gas equipment.
Posted inON YOUR WAY OUT
TV presenter Tawfik Okasha arrested for forging his PhD diploma
You can run, but you can’t hide: Security forces arrested former TV presenter and MP Tawfik Okasha yesterday to carry out his one-year prison sentence for forging his PhD diploma after a misdemeanor court rejected Okasha’s appeal against the initial ruling from last year, Youm7 reports.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.75 | Sell 17.85 EGP / USD at CIB: Buy 17.74 | Sell 17.84 EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Sunday): 17,184 (+0.2%) Turnover: EGP 814 mn (30% BELOW the 90-day average) EGX 30 year-to-date: +14.4% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
14 May (Monday): Flat6Labs’ Cairo Spring Demo Day, InterContinental Semiramis, Cairo. 17 May (Thursday): Expected date for the start of Ramadan. 17 May (Thursday): CBE’s Monetary Policy Committee meeting. 15-17 June (Friday-Sunday): Eid Al Fitr (TBC), national holiday (Look for possible Monday off given the first day falls on a Friday). 28 June (Thursday): CBE’s […]
Posted inWhat We're Tracking Today
‘Tis the last Sunday before Ramadan, ladies and gentlemen. The holy month begins Wednesday or Thursday (most likely the latter, according to the National Authority for Astronomy). So, when can we eat? Maghrib is at 6:42pm CLT on Thursday. You’ll have until 3:20 am on Friday to finish your sohour. Looking for ideas on food, […]
Posted inWhat We're Tracking Today
Headline inflation drops as core inflation inches up slightly in April
It’s also interest rate week, ladies and gentlemen. And in advance of that: Headline inflation drops, core inflation up fractionally in April. Annual headline inflation rates dropped to 13.1% in April from 13.3% the month before, the central bank announced yesterday. Core inflation for the month inchedwas up fractionally at 11.62% from 11.59% in March. […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 May 2018
The Financial Regulatory Authority has handed down last week new regulations on the licensing of non-bank financial institutions. We’re still digesting the next, but the regulations outline requirements for market studies; rules on ownership structure of new entrants to the field; require regulatory approvals for stake sales; and force minority shareholders holding stakes of up […]