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Christie’s London is auctioning off nine 7th century pages from the Quran on Thursday, according to their website. The folios, which are on sale for USD 112.2k-168.4k, were likely crafted in Egypt as biblical text in the Coptic language shows clearly under the Arabic script, according to the Times of Oman.
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.75 EGP / USD at CIB: Buy 17.65 | Sell 17.75 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Monday): 18,081 (+1.0%) Turnover: EGP 1.9 bn (64% above the 90-day average) EGX 30 year-to-date: +20.3% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
20-27 April (Friday-Friday): Seventh edition of El Gouna International Squash Open, El Gouna. 24-25 April (Tuesday-Wednesday): Renaissance Capital’s 3rd Annual Egypt Investor Conference, Cape Town, South Africa. 25 April (Wednesday): Sinai Liberation Day, national holiday. 30 April (Monday): High Representative of the EU for Foreign Affairs and Security Policy and Vice President of the EU […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 April 2018
Will Egypt be anointed as an energy export hub for the EU today? Egypt is expected to sign a new oil and gas cooperation agreement with the European Union this afternoon, a government source told us yesterday. The agreement comes as EU Energy Commissioner Miguel Arias Cañete arrived in Cairo on Sunday for energy cooperation […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
LEGISLATION WATCH: The Housing Committee is expected to begin “within days” hearings on amendments to the legislation governing rent control. The House Planning and Budgeting Committee is due to complete its review of the proposed Auctions and Tenders Act by Tuesday, 24 April.
Posted inON THE HORIZON
On the horizon
French foreign minister Jean-Yves Le Drian is due in Cairo before the end of the month. EU foreign policy chief Federica Mogherini is set to visit Cairo on Monday, 30 April. She’s expected to sign a number of cooperation agreements Uber / Careem appeals scheduled: The Supreme Administrative Court has postponed to Saturday, 28 April […]
Posted inEnterprise+: Last Night’s Talk Shows
Private sector to participate in Metro operations, political parties consider consolidation, Aboul Fotouh health in the spotlight
The biggest story on what was otherwise a boring night on the airwaves was news that the House of Representatives has signed off on a bill that will allow for private sector participation in running the Cairo Metro. Private sector to get a piece of the Metro pie: The House gave preliminary nod yesterday to […]
Posted inSpotlight
Egypt: 100 mn and ready for take-off
In exclusive commentary for Enterprise, Charles Robertson, chief global economist at Renaissance Capital, argues that Egypt will become a destination for low- and medium-weight manufacturing plants that in the 1990s were built in Central Europe and Romania. In two years, there will be 100 mn Egyptians, better educated than ever before, with competitive wages, able […]
Posted inSpeed Round
IFC on track to invest USD 1 bn in Egypt’s private sector this year
INVESTMENT WATCH- IFC on track to invest USD 1 bn in Egypt’s private sector this year: The International Finance Corporation (IFC) announced that it is on track to invest USD 1 bn in Egypt this fiscal year, the IFC said in a statement on Sunday (pdf), citing as a driver Egypt’s proven track record of […]