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Banque Misr has yet to decide whether it will establish an independent mortgage financing arm, and is looking into the possibility of adding mortgage financing services to the already-established BM Lease, Chairman Mohamed El Etreby told Al Mal on Monday. Unnamed bank officials had said last year that management found the decision untimely and decided […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Morsi, Qaradawi and Aboutrika back on Egypt’s terror watchlist
A Cairo Criminal Court has placed 1,529 defendants, including retired footballer Mohamed Aboutrika, deposed President Mohamed Morsi, and preacher Yusuf al-Qaradawi, back on the terror list for another five years, Egypt Today reports. The court also ruled in favor of freezing their assets over allegations of connections to the outlawed Ikhwan group. This comes only […]
Posted inON YOUR WAY OUT
Egypt’s chicken hatcheries could be a hotbed of antibiotic resistant bacteria
Chicken hatcheries in Egypt could be a hotbed of bacteria that is resistant to antibiotics, Down To Earth reports. This phenomenon “can be a major contributor to the environmental burden of antibiotic resistant genes posing an eminent threat to poultry and human health,” according to Caio University microbiology professor Kamelia Osman. Antibiotic resistance in bacteria […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.61 | Sell 17.71 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Monday): 18,296 (-0.1%) Turnover: EGP 1.9 bn (64% ABOVE the 90-day average) EGX 30 year-to-date: +21.8% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
02-03 May (Wednesday-Thursday): Cisco Connect Egypt 2018, Nile Ritz-Carlton Hotel, Cairo. 03 May (Thursday): Egypt’s Emirates NBD PMI reading for April released. 4-6 May 2018 (Friday-Sunday): International Conference on Network Technology (ICNT 2018), venue TBD, Cairo. 05-06 May (Saturday-Sunday): Inclusive Growth and Job Creation Conference, venue TBD, Cairo. 07 May (Monday): American Chambers of Commerce […]
Posted inWhat We're Tracking Today
What we’re tracking on 30 April
Up next on the government’s legislative agenda: Changes to the Banking Act and executive regulations for the Capital Markets Act. The board of the Central Bank of Egypt is expected to review the latest draft of the Banking Act today, according to statements yesterday by CBE Governor Tarek Amer. We have more on that in […]
Posted inON THE HORIZON
On the horizon
RIZ talks kick-off ahead of May contract signing: Russia’s Deputy Industry and Trade Minister Georgy Kalamanov met with Suez Canal Economic Zone deputy head Abdel Qader Darwish in Cairo yesterday to begin the final round of talks on a Russian Industrial Zone (RIZ) in East Port Said, according to an SCZone statement picked up by […]
Posted inEnterprise+: Last Night’s Talk Shows
Mo Salah and the weather law on last night’s talk shows
The nation’s talking heads had only a couple things on their collective mind last night: Mo Salah’s dispute over image rights with mobile operator WE and the crazy weather spell that’s expected to last through the week. On the Mo Salah bit, the issue is this: He has an exclusive sponsorship agreement with Vodafone. That […]
Posted inSpeed Round
Banking Act will not set term limits for managing directors -Amer
LEGISLATION WATCH- The amended Banking Act will not set term limits for bank managing directors, CBE Governor Tarek Amer reportedly said yesterday. “We will keep an eye on things in a different way,” he told Al Shorouk, without elaborating. The pending law — the latest draft of which the central bank’s board is expected to […]