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Swiss authorities have handed Egypt EGP 596 mn from seized bank accounts belonging to steel tycoon Ahmed Ezz after he reached a EGP 1.7 bn settlement agreement with the government, claims Swiss Info.
Author Archives: enterpriseam admin
Posted inSports
Egypt loses 1-0 against Greece in pre-World Cup friendly match
Egypt’s national football team lost 1-0 against Greece in a World Cup warm-up match yesterday, Ahram Online reports. National team coach Hector Cuper put the team’s second string on the pitch to test out their performance without key players such as Liverpool winger Mohamed Salah. “Although Egypt could have grabbed an early lead, they were […]
Posted inON YOUR WAY OUT
Egypt retrieves three mummy parts smuggled to US 91 years ago
Antiquities Ministry channels Indiana Jones and is on the trail of stolen artifacts: Egypt has retrieved three mummy parts that had been smuggled to the US in 1927, the Antiquities Ministry said in a statement yesterday. The mummy head and two hands, which had been stolen from the Valley of the Kings over 90 years […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5881 | Sell 17.6861 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Tuesday): 17,270 (+1.0%) Turnover: EGP 2.3 bn (99% ABOVE the 90-day average) EGX 30 year-to-date: +15.0% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
28-31 March 2018 (Wednesday-Saturday): Cityscape Egypt, Cairo International Convention Centre, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 27 March 2018
An interest rate cut by the central bank’s Monetary Policy Committee on Thursday will not spell the end of the carry trade, EFG Hermes Research believes. The investment bank says foreign purchases of Egyptian treasury bills will see an “effective” decline in the event the CBE reduces interest rates, EFG Hermes Research head Ahmed Shams […]
Posted inWhat We're Tracking Today
Egyptians head to polling stations
Voting in the 2018 presidential election kicked off yesterday. Voters across the nation cast their ballots under heavy security. Over 11,000 polling stations nationwide will again be open 9:00am to 9:00pm today and tomorrow. President Abdel Fattah El Sisi cast his ballot in Heliopolis. Prime Minister Sherif Ismail also voted yesterday and nudged Egyptians to […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Ismail Cabinet will present its draft FY2018-19 budget to President Abdel Fattah El Sisi this week for approval before shipping it to the House of Representatives at the end of the month, Finance Minister Amr El Garhy told Al Masry Al Youm on Saturday. Pharos Holdings will be holding a two-day investor conference headlined […]
Posted inEnterprise+: Last Night’s Talk Shows
Voter turnout on the first day of elections is all the talking heads can think about
The talking heads were scrambling last night to assess voter turnout during the first day of the presidential election, leaving no room for any other topics on the airwaves. Although none had exact figures, most talk show hosts described turnout as “reasonable” or “average.” Cabinet spokesman Ashraf Sultan told Yahduth fi Masr’s Sherif Amer that […]