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BeIN Sports says it rejects the USD 22.7 mn fine that was set by the Egyptian Competition Authority and upheld last week by the Cairo Economic Court, Broadband TV News reports. “beIN’s decision to progressively move its programming from NileSat (its backup satellite operator) to EshailSat (its primary satellite operator) is based on entirely valid […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Double decker buses hit Cairo’s streets
The first batch of 12 double decker buses are officially roaming Cairo’s streets, Al Borsa reports. The MAN-Kastour buses, which cost around EGP 28 mn, hold 71 seats apiece — with the majority of the seats available on the top deck. The Public Transport Authority had signed a EGP 35 mn agreement last year to […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5715 | Sell 17.6707 EGP / USD at CIB: Buy 17.55 | Sell 17.65 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Thursday): 16,999 (+0.7%) Turnover: EGP 3.5 bn (199% ABOVE the 90-day average) EGX 30 year-to-date: +13.2% THE MARKET ON THURSDAY: 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 15 March 2018
As we near the central bank’s Monetary Policy Committee meeting a week from today, research houses are guiding their clients to expect an interest rate cut. The sentiment comes on the back of annual urban inflation falling to 14.4% in February from 17.1% in January, inching ever closer to the CBE’s target inflation rate of […]
Posted inWhat We're Tracking Today
SODIC’s Forty West Project wins Cityscape award
Our friends at SODIC took home hardware from Cityscape for Best Low to Medium Rise Built Residential Project. The team won for the company’s Forty West project, SODIC said in a press release (pdf). The project, which was launched in 2009, was designed by Boston-based Machado and Silvetti Architects, while Eklego was responsible for interior […]
Posted inWhat We're Tracking Today
Sophia the Saudi Robot is coming to Egypt
The stuff of nightmares: Sophia the Saudi Robot is coming to Egypt for the Creative Industry Summit next month, and her video announcement couldn’t possibly be any creepier (watch, runtime: 0:39). She may be the latest and most advanced social robot but Sophia gives us serious “Get Out” vibes. A weeklong heat wave will begin […]
Posted inON THE HORIZON
On the horizon
The newly appointed board of the Financial Regulatory Authority (FRA) will be ratified in the coming days by Prime Minister Sherif Ismail. Once ratified, the board will begin work on issues including setting the executive regulations of the Capital Markets Act, completing the Insurance Act, and drafting legislation that would grant FRA new autonomy. Cabinet […]
Posted inEnterprise+: Last Night’s Talk Shows
Elections, elections, and more elecitons
It’s countdown to elections,and as we noted up top, the campaign to get people out and voting is on full gear. Media censorship issues also continues to be a hot topic among the talking heads. But first, do we really have 6.6 mn state workers in our Jabba the Hutt of a bureaucracy? The nation’s […]