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A US court has rejected a 2014 jury verdict that found the Jordan-based Arab Bank liable for Hamas-linked suicide bombings that killed and wounded Americans in Israel, Reuters reports.
Author Archives: enterpriseam admin
Posted inOther Business News of Note
First contracts awarded for Saudi Arabia's USD 500 bn Neom city
The Saudi government has begun awarding contracts for the massive USD 500 bn Neom city (aka Tomorrowland, aka DesertWorld). It’s commencing the development not with anything to accommodate the thousands of robot inhabitants, but with five Saudi royal palaces (typical Saudi), sources tell Reuters. Saudi Binladin Group, the country's largest construction firm, was reportedly commissioned […]
Posted inEgypt Politics + Economics
Economic Courts begin establishing bankruptcy courts
The Cairo Economic Court is in the process of establishing special bankruptcy courts to mediate and arbitrate bankruptcy cases, as is mandated by the Bankruptcy Act, unnamed judicial sources tell Al Borsa. The legislation, which was approved by parliament last month, will decriminalize bankruptcy by abolishing prison sentences and introduce mechanisms to help settle commercial […]
Posted inEgypt Politics + Economics
Moussa Moustafa to announce electoral program on Thursday
Presidential candidate Moussa Moustafa told Al Shorouk that he will announce his electoral program on Thursday, which will be largely focused on economic development.
Posted inEgypt Politics + Economics
Court sentences 33 Ikhwan members and supporters to prison over 2014 violence
A Cairo Criminal Court sentenced 33 alleged Ikhwan members and supporters to prison yesterday over the killing of Al Dostour journalist Mayada Ashraf and two others during anti-government protests in 2014, judicial sources tell Reuters’ Arabic service. 17 received lifetime sentences.
Posted inON YOUR WAY OUT
Startup pitch advice from the Goldman Sachs’ annual Private Internet Company Conference
Practice with the least important pitches first: Successful entrepreneurs must convince prospective investors, employees, and customers to take a chance on their business. Five founders and CEOs gave advice at Goldman Sachs’ annual Private Internet Company Conference on crafting a successful pitch. Make sure you strike the right balance between numbers and performance but also […]
Posted inON YOUR WAY OUT
The army’s Talaea El Geish club sponsors Aswan marathon sensation Marwa
This 11-year-old Aswan marathon runner is our tear-jerker moment of the week: 11-year-old Aswan street vendor Marwa Hassan won over hearts all over the nation after grabbing first place in The TriFactory’s children’s marathon for the Aswan Heart Center, Al Arabiya reports. Marwa did not have the EGP 200 fee required to participate, or any […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6185 | Sell 17.7185 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.58 | Sell 17.68 EGX30 (Sunday): 14,828 (-0.6%) Turnover: EGP 619 mn (45% BELOW the 90-day average) EGX 30 year-to-date: -1.3% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
10-12 February 2018 (Saturday-Monday): Third Africa STI Forum, Cairo. 12-14 February 2018 (Monday-Wednesday): Egypt Petroleum Show 2018 (EGYPS), New Cairo Exhibition Center. 19-20 February 2018 (Monday-Tuesday): The Banking Tech North Africa, The Nile Ritz-Carlton, Cairo 17-21 February 2018 (Saturday-Wednesday): Women For Success - Women SME's "World of Possibilities" Conference, Cairo/Luxor. 05 March (Monday): Egypt’s PMI […]
Posted inWhat We're Tracking Today
What we’re tracking on 10 February 2018
It’s an exceptionally packed issue this morning, folks, as a heavy news day on Thursday gave birth to a very busy weekend at home and abroad. Look for worthy news straight all the way down to What We’re Tracking Today. Finance Ministry delegation headed by Minister Amr El Garhy is heading to London tomorrow to […]