Prosecutor General Nabil Sadek has referred the Chairman of the General Nile Company For Roads and Bridges, Ashraf Attiya, and another company official to trial on corruption charges, Al Shorouk reports. The two officials are accused of allegedly accepting EGP 250k-worth of bribes from a contractor in exchange for priority contracts.
Author Archives: enterpriseam admin
Attack on Mariam Moustafa not racially motivated, say police
Attack on Mariam Moustafa not racially motivated, say police: Nottingham police said that the death of the 18 year-old Egyptian-Italian student was not racially motivated as they originally thought, according to the Guardian. A delegation from Egypt’s House of Representatives is scheduled to arrive in London on Thursday to follow up on British police’s investigation […]
Here we go again with Abla Fahita
Here we go again with Abla Fahita: The entire archive of CBC’s satirical puppet show Abla Fahita (El Duplex) has been taken off the show’s YouTube channel, Youm 7 reports. The show’s official Facebook page has also been deleted (We checked ourselves and were unable to access). This comes as a surprise to many as […]
EGP / USD CBE market average: Buy 17.5739 | Sell 17.6717 EGP / USD at CIB: Buy 17.55 | Sell 17.65 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Tuesday): 17,114 (-0.3%) Turnover: EGP 1.6 bn (39% ABOVE the 90-day average) EGX 30 year-to-date: +13.9% THE MARKET ON TUESDAY: The EGX30 ended […]
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 […]
What we’re tracking on 20 March 2018
Debating the Ismail government’s deficit-reduction target: The analyst community is asking questions of the deficit reduction target in the draft FY2018-19 budget approved by cabinet on Sunday. The document sees the deficit falling to 8.4% of GDP against an expected 9.6-9.8% this year. Sigma Capital chief economist Aya Abdullah sees the goal as very achievable, […]
What we’re tracking this week
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 a spot in the workshop, tap here […]
On the horizon
The Game Sports Industry Conference — Egypt’s first-ever platform dedicated to the sports industry — kicks off in Cairo on 11 April. The conference, which will bring together industry professionals, leaders, and enthusiasts, will feature discussions on innovation and entrepreneurial thinking in the sports industry, leveraging sports as a marketing channel, and the digital transformation […]
Tourism Minister Rania Al Mashat sits down for her first televised interview
Sudanese President Omar Al Bashir’s visit yesterday drummed up some chatter among the talking heads last night but the highlight of the evening was Tourism Minister Rania Al Mashat’s first television appearance as minister on Hona Al Asema. The minister delved into her plans for the sector, which begin with the structural reform of all […]