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Nearly 50,000 Iraqi tourists visited Egypt in 1Q2018, tour operator Reda Dawoud told reporters yesterday, according to Egypt Today. Dawoud called for facilitated entry visas as the number of Iraqi tourists is expected to hit 400k by the end of the year. This comes only two weeks after EgyptAir resumed flights to and from Erbil, […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
First river port development tenders will be issued in early FY2018-19
The first tenders for the development of ports along the Nile River will be issued to investors in early FY2018-19, River Transport Authority (RTA) head Abdel Azim Mohamed tells Al Mal.. Abdel Azim said last week that an unnamed Saudi-Bahraini consortium was close to signing a USD 100 mn agreement to develop a waterway connecting […]
Posted inSports
Court upholds ruling to unfreeze Aboutrika’s assets
The Supreme Administrative Court upheld yesterday a previous ruling to unfreeze the assets of retired footballer Mohamed Aboutrika, Xinhua reports. The court suspended a government appeal against the unfreeze order, which the former Ahly FC star received over allegations of connections to the Ikhwan.
Posted inSports
El Shorbagy, El Welily crowned El Gouna Squash Open champions
Marwan El Shorbagy and Raneem El Welily won the El Gouna International Squash Open titles on Friday, Egypt Today reports. El Shorbagy defeated Ali Farag 3-0, winning the title for the first time in his career, while El Welily defeated world number one Nour El Sherbiny 3-1 in the final game.
Posted inON YOUR WAY OUT
Skydivers fly over Giza Pyramids in Egypt Air Games 2018
Around 65 skydivers and paramotor pilots from at least 20 countries flew over the Giza Pyramids yesterday as part of the 2018 Egypt Air Games, which concludes today, Xinhua reports. "This is totally different from all my previous jumps. It is really exceptional to fly above the pyramids," said skydiver Ahmed Alawy from Oman. The […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.75 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Thursday): 18,363 (+1.3%) Turnover: EGP 1.9 bn (64% ABOVE the 90-day average) EGX 30 year-to-date: +22.3% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
30 April (Monday): High Representative of the EU for Foreign Affairs and Security Policy and Vice President of the EU Commission Federica Mogherini visits Cairo. 30 April (Monday): Cypriot President Nicos Anastasiades and Greek counterpart Prokopis Pavlopoulos visit Egypt. 01 May (Tuesday): Labor Day, national holiday. 02-03 May (Wednesday-Thursday): Cisco Connect Egypt 2018, Nile Ritz-Carlton […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 April 2018
Bad news on which to close the week: After rain and flooding Tuesday night and yesterday, the national weather service is warning that we can expect “unstable weather” to continue today in Cairo,with torrential rain forecast for some areas of country. Look for a high temperature of 30°C in Cairo and for the mercury to […]
Posted inWhat We're Tracking Today
Egyptian debt is still a safe bet for investors
Egypt still attractive to the carry trade. Although rising US interest rates and global acknowledgement of credit risk from government bonds undermines slightly the competitive advantage of emerging markets, there is a view that the gap is still “meaningful enough” to indicate that EMs will do just fine this year. “The trick is to seek […]
Posted inWhat We're Tracking Today
US Supreme Court might uphold Muslim travel ban as Macron challenges Trump on climate change, Iran nuclear pact
It’s looking like the US Supreme Court might actually uphold The Donald’s so-called Muslim ban. The five conservatives on the nine-member court “indicated during arguments in the high-profile case their unwillingness to second-guess [Donald] Trump on the national security justifications offered for the policy,” Reuters reports. In other news on The Donald, French President Emmanuel […]