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Egypt’s imports of Ukrainian grains increased 10.5% y-o-y in 2017, remaining the top destination of Ukraine’s grain products, according to Unian Information Agency. Egypt also accounted for 12.8% of Ukraine’s total agricultural exports during the year.
Author Archives: enterpriseam admin
Posted inReal Estate + Housing
Mountain View and Redcon sign EGP 500 mn project in New Cairo
Mountain View and Redcon Construction have signed an EGP 500 mn agreement to co-develop an administrative-commercial project in New Cairo, Mountain View Chairman Amr Soleiman tells Al Borsa. Sales for the project, which will be built inside the 50-feddan Mountain View II complex, will open in six months.
Posted inEgypt Politics + Economics
Court upholds four-year prison sentence for former El Watan reporter
The Giza Criminal Court upheld yesterday a four-year prison sentence and EGP 20,000 fine against former El Watan reporter Ahmed El Khateeb, Al Shorouk reports. El Khateeb was referred to trial last year after Al Azhar’s Grand Imam Sheikh Ahmed Al Tayeb filed a lawsuit against him, claiming he defamed the institution by spreading false […]
Posted inEgypt Politics + Economics
Dozens smash police cars after officer kills man in Dakahlia cafe
Dozens of people smashed two police cars outside the Manazala General Hospital in Dakahlia on Tuesday after a police officer “accidentally” shot a man dead while on patrol, Al Masry Al Youm reports. The police officer is being held for four days pending investigation into the incident, the newspaper adds.
Posted inEgypt Politics + Economics
Court adds Tarek El Zomor and 318 Wilayit Sinai members to terror list
The Cairo Criminal Court has added the fugitive Jama’a Islamiyah leader Tarek El Zomor and 318 members of Daesh’s North Sinai affiliate Wilayit Sinai to Egypt's terror list for three years, Al Shorouk reports. The decree freezes their assets and bans them from travel.
Posted inEgypt Politics + Economics
Philippines releases Egyptian “falsely” accused of joining Daesh
Philippine Authorities have release an Egyptian man and his Filipina girlfriend after prosecutors found that police might have fabricated evidence linking the couple to Daesh, Reuters’ Arabic service reports.
Posted inON YOUR WAY OUT
Egypt’s struggling job market is a “blessing in disguise” for entrepreneurship, World Bank blog writes
Egypt’s struggling job market is a “blessing in disguise” for the country’s budding entrepreneurial scene, as more people are creating their own jobs, Mostafa Amin writes for the World Bank’s blog. Amin — who co-founded news platform Egyptian Streets, startup directory Wassel, and delivery-based bakery Breadfast — says that, while the country’s brain drain is […]
Posted inON YOUR WAY OUT
Damage from Sheikh Zayed Transformer Station fire estimated at EGP 24 mn
A fire at the Sheikh Zayed Transformer Station yesterday has caused an estimated EGP 24 mn-worth of damages, an Electricity Ministry source tells Al Mal. Italy’s Gitra, which was developing the project, will pay for the damages, as the station was still on a trial run. The fire was contained, and power fully restored to […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.56 | Sell 17.66 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.55 | Sell 17.65
Posted inCALENDAR
07-10 March (Wednesday-Saturday): ITB Berlin Convention, Berlin, Germany. 12-16 March (Monday-Friday): AmCham’s 40th Doorknock mission, Washington D.C., USA. 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, […]