Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
The Agricultural Bank of Egypt (ABE) signed agreements with Western Union, MoneyGram, and Transfast to facilitate overseas transfers from Egyptian expats, Vice President Tamer Gomaa said yesterday, AMAY reports. The bank is looking to sign similar agreements with Gulf-based organizations, including Saudi’s Al Rajhi Bank.
Author Archives: enterpriseam admin
Posted inBanking + Finance
Banque Misr partners with Visa and Exxon Mobil to provide electronic payment
Banque Misr and Visa are rolling out electronic payment at 100 Exxon Mobil petrol stations, according to AMAY.
Posted inOther Business News of Note
Arafa Holding to expand clothes retail activities
Arafa Holding plans to expand its activities in clothes retail through its subsidiary Euromed for Trading and Marketing, the group’s head of IR Mohamed Talaat tells Al Mal. The company plans to introduce a new fashion line to its Concrete brand targeting the mid-income bracket, he said, without elaborating.
Posted inEgypt Politics + Economics
Strong Egypt deputy head Mohamed El Qassas ordered arrested
Prosecutors ordered the 15-day detention of Strong Egypt party deputy head Mohamed El Qassas on charges of spreading false news, according to Ahram Online. His detention is pending investigation, according to El Qassas’ lawyer, who said that 50 others face similar charges. Amnesty International had issued a statement on Friday saying that Qassas was at […]
Posted inSports
Mohamed Salah named top African goalscorer in FIFA poll
Football star Mohamed Salah was named Africa’s top goalscorer with 51% of votes in a FIFA poll on Twitter. Salah is now the fourth African player to score 20+ goals in aPremier League season, according to FIFA. Phil McNulty writes for BBC that Salah is a “humble superstar.”
Posted inSports
Human rights activists call on FIFA to change Egypt’s base for the World Cup
Human rights groups called on FIFA to change Egypt’s training base for the World Cup from the Chechen capital of Grozny over leader Ramzan Kadyrov’s heavy human rights violations, according to USA Today.
Posted inSports
Fans attend first football match at Port Said stadium since 2012
A “restricted crowd of 10,000 people” were allowed yesterday to attend the first football match at the Port Said stadium since the 2012 Port Said massacre, Reuters reports.
Posted inON YOUR WAY OUT
Government launches campaign to promote water conservation
The Ministries of Agriculture, Endowments, and Water Resources have joined forces to launch a nationwide campaign promoting water conservation, the Agriculture Ministry said in a statement. The campaign will focus on the rationalization of irrigation water and reducing the consumption of drinking water by spreading awareness through schools, mosques, and youth centers. The Agriculture Minister […]
Posted inON YOUR WAY OUT
Egyptian entrepreneurs launch travel journal
Two Egyptian entrepreneurs have caught Lonely Planet’s eye with their scratch map travel journal. Khaled Mounir and Amr Mashaly started Wanderkit as a domestic travel journal but have since gone global, adding a world (scratch) map, space to take notes, and QR codes that can be scanned for instant information on a place.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6092 | Sell 17.7092 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.58 | Sell 17.68 EGX30 (Thursday): 14,921 (-0.8%) Turnover: EGP 1.1 bn (2% BELOW the 90-day average) EGX 30 year-to-date: -0.7% THE MARKET ON THURSDAY: The EGX30 ended […]