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The Criminal Court annulled yesterday a 2011 verdict freezing the assets of Mubarak-era Agriculture Minister Youssef Wali and his family, Ahram Online reports. The former deputy chairman of Mubarak's now-dissolved National Democratic Party has had several corruption cases against him dismissed in the past few years. Other Mubarak-era figures have also been cleared, including steel […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
The world’s most misogynistic Mother’s Day cake — detergents and all
Someone decided to take their misogynist ideas too far by celebrating Mother’s Day with a cake adorned with detergents, according to StepFeed. The cake — which is far worse than the awful idea that gifting your mother with kitchen appliances is the best way to celebrate her role — has earned the ire of many […]
Posted inON YOUR WAY OUT
Court acquits TV presenter Reham Saeed of incitement for kidnapping children
Reham Saeed won’t stay down, giving us haunting flashbacks of Night of the Living Dead: The Giza Criminal Court acquitted TV presenter Reham Saeed of incitement for kidnapping children on her show, Sabaya Al Kheir, Al Shorouk reports. The show’s producer was sentenced to one year in prison. Saeed had aired an episode claiming her […]
Posted inON YOUR WAY OUT
Egypt, Italy launch anti-migration, human trafficking academy in Cairo
Egypt and Italy have launched a new academy to train police personnel from 22 African countries on curbing human trafficking and illegal migration, ANSA reports. The academy plans to train 360 police officers and border officials and equip them to pass on their training to other security personnel. “The training aims to strengthen skills in […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5814 | Sell 17.6786 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Wednesday): 17,147 (+0.2%) Turnover: EGP 1.8 bn (57% ABOVE the 90-day average) EGX 30 year-to-date: +14.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
23 March (Friday): Orchestra In Art gala concert “The Three Egyptian Tenors,” Arts-Mart Gallery, 9:00pm. 28-31 March 2018 (Thursday-Sunday): 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 March, 2018
Random thought of the morning: Don’t underestimate the amount of cash Egyptians have squirrelled away under mattresses. From a Reuters piece on Al Futtaim saying it will be committing additional investment to Egypt (details in Speed Round, below): “The company is expecting sales [in Egypt] this year to reach EGP 4.5 bn compared with EGP […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Workshop on blockchain in capital markets tomorrow: Egypt’s first fintech-focused accelerator, the Pharos-affiliated Pride Capital, is hosting a workshop on Thursday titled “A Bright Future for Blockchain in Capital Markets” at the Greek Campus. The workshop will feature a discussion with EGX Chairman Mohamed Farid and Henerby Blockchain Consulting CEO Bobby Henerby. To register for […]
Posted inON THE HORIZON
The Three Egyptian Tenors headline “Orchestra in Art” event
The Arts-Mart Gallery is bringing together visual and performing arts through its second ‘Orchestra In Art’ event, The Three Egyptian Tenors this coming Friday.The show features a full orchestra performing amidst a specially curated exhibition of Egyptian contemporary art. World-renowned conductor Nader Abassi and award-winning Egyptian tenors Hany Abdelzaher, Ragaa Eldin, and Amr Medhat will […]