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Eight banks are allegedly providing Orascom Construction Industries (OCI) with a USD 476 mn five-year syndicated loan, Al Shorouk reportsin a poorly-written piece citing sources. All we can gather from the story is that loan will be doled out in both USD and EGP, and it has something to do with funding Egyptian Fertilizers Company […]
Author Archives: enterpriseam admin
Posted inSports
Liverpool’s Mohamed Salah named PFA Player of the Year 2018
Liverpool winger Mohamed Salah has been crowned Player of the Year by England's Professional Footballers' Association (PFA), Ahram Online reports. The Egyptian footballer is now embroiled in a dispute with his Egypt’s football federation over rights of use to his images ahead of the World Cup, according to Liverpool Echo.
Posted inSports
Mohamed Elneny injured playing for Arsenal
Arsenal midfielder Mohamed Elneny was carried off on a stretcher yesterday during a Premier League game following an ankle injury, TSN reports. It is too early to know whether Elneny’s injury will prevent him from playing at the World Cup, but Sky Sports reporter Geoff Shreeves confirmed that the injury was not serious, according to […]
Posted inON YOUR WAY OUT
Archaeologists unearth bust of Roman Emperor Marcus Aurelius in Aswan
Archaeologists in Egypt have unearthed a bust of Roman Emperor Marcus Aurelius in Aswan, the Associated Press reports. The head was discovered in the Temple of Kom Ombo during work to protect the site from groundwater, the Antiquities Ministry has said, adding that archaeologists have also found artifacts belonging to a shrine for the god […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.64 | Sell 17.74 EGP / USD at CIB: Buy 17.64 | Sell 17.74 EGP / USD at NBE: Buy 17.57 | Sell 17.67 EGX30 (Sunday): 17,898 (+0.7%) Turnover: EGP 1.2 bn (5% ABOVE the 90-day average) EGX 30 year-to-date: +19.2% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
20-27 April (Friday-Friday): Seventh edition of El Gouna International Squash Open, El Gouna. 23 April (Monday): Pride Capital’s “Financing Small Merchants” workshop, the Greek Campus, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 April 2018
Deepening ties with the European Union is the theme of the week, it seems: EU Energy Commissioner Miguel Arias Cañete is in Cairo from today through Tuesday to sign an MoU on energy cooperation with Egypt, announce a funding package from the EU and French Development Agency to support the connection of more households to […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Pride Capital workshop on financing small merchants to run tomorrow: Pharos-affiliated Pride Capital, Egypt’s first fintech-focused accelerator, is hosting a workshop titled “Financing Small Merchants” tomorrow at the Greek Campus. Our friends at Renaissance Capital are holding their third annual Egypt Investor Conference in Cape Town on Tuesday and Wednesday.
Posted inON THE HORIZON
On the horizon
You can expect the French foreign minister in town before month’s end. French President Emmanuel Macron has instructed Jean-Yves Le Drian to visit Egypt by the end of April, Macron told President Abdel Fattah El Sisi in a phone call yesterday, according to an Ittihadiya statement. The International Monetary Fund and Central Bank of Egypt […]