Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Hurghada has made it to the top of 25 destinations for 2018 on TripAdvisor’s Travelers’ Choice Awards, having been ranked as the 21st best holiday spot. The Red Sea resort town has been on the rise in the past few years, becoming Egypt’s premier Red Sea destination after the downing of a Russian plane in […]
Author Archives: enterpriseam admin
Posted inAutomotive + Transportation
EAMA wants to get electric cars exempted from VAT and custom duties
The Egyptian Automotive Manufacturers Association (EAMA) will be meeting with the ministers of environmental affairs and trade and industry to discuss a proposal to grant imported electric cars exemptions from custom duties and the value-added tax, EAMA boss Khaled Saad said yesterday, Al Mal reports. The proposal means to incentivize consumers to make the switch […]
Posted inBanking + Finance
Private sector banks begin lowering interest rates in response to CBE’s latest rate cut
Private sector banks have begun lowering rates and scrapping high-yielding CDs in response to the CBE’s decision last Thursday to slash key interest rates by 100 bps, according to Al Mal. CIB slashed rates on its savings accounts and certificates by 100-125 bps and QNB Al Ahli-Egypt also docked 50 bps off its three-year CDs, […]
Posted inBanking + Finance
CBE wants to make banking more accessible for the disabled
The central bank is considering new regulations to help make banking services more accessible for people with disabilities, a banking source tells Al Mal. The bank is consulting NGOs and civil society organizations dealing directly with people with disabilities to identify their needs, the source adds. The move is the latest in a series of […]
Posted inON YOUR WAY OUT
People with autism to be included in Karama
The Social Solidarity Ministry marked World Autism Day by announcing that it will be including people with autism in its Karama welfare program, Al Shorouk reports. The move comes as part of a wider government plan to expand the Takaful and Karama programs. Meanwhile, Egypt’s buildings and landmarks lit up in blue yesterday as part […]
Posted inON YOUR WAY OUT
Author Ahmed Khaled Tawfik passes away at 55
Tanta-born author Ahmed Khaled Tawfik passed away last night at a Cairo hospital after suffering an unknown health complication, BBC’s Arabic service reports. The 55 year-old fantasy and sci-fi novelist is best-known for his book series Ma Wara’ Al Tabia, Fantasia, and Safari.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5971 | Sell 17.6968 EGP / USD at CIB: Buy 17.59 | Sell 17.69 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Monday): 17,685 (+0.5%) Turnover: EGP 2.5 bn (116% ABOVE the 90-day average) EGX 30 year-to-date: +17.4% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
02-03 April (Monday-Tuesday): Pharos Holding’s investor conference: In Search for Egypt Alpha, Cairo. 08 April (Sunday): Easter Sunday, national holiday. 09 April (Monday): Sham El Nessim, national holiday. 11 April (Wednesday): The Game Sports Industry Conference, Nile Ritz-Carlton Hotel, Cairo. 17-18 April (Tuesday-Wednesday): Creative Industry Summit, Four Seasons Nile Plaza Hotel, Cairo. 24-25 April (Tuesday-Wednesday): […]
Posted inWhat We're Tracking Today
What we’re tracking on 01 April 2018
Could the Ride-Hailing Apps Act pass the House today? The House of Representatives is expected to discuss the Ride-Hailing Apps Act today in its first plenary session after a 25-day recess, according to Youm7. It remains unclear whether the discussion will culminate in a vote on the legislation, which has been fast-tracked through Cabinet and […]