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The Supreme Military Court upheld two death sentences yesterday that it had issued against two defendants said to be implicated in the 2013 murder of police personnel in North Sinai, Ahram Online says. The verdict cannot be appealed.
Author Archives: enterpriseam admin
Posted inNational Security
Egypt mobilizes forces to western border as Libyan military bombs terrorists in Darnah
Egypt mobilized military forces to secure its western border as the Libyan National Army bombed militant-held areas near Darnah, according to a Stratfor Worldview report. The two countries’ authorities have been “working together” ahead of Libya’s bombing campaign.
Posted inON YOUR WAY OUT
Menoufia welcomes its first cinema in 20 years
Menoufia’s Shebin El Kom city saw the opening of the governorate’s first movie theater in 20 years with much fanfare, Masrawy reports. Cinemas had been gradually shutting down in the governorate for years, with residents left with no option but to attend the local culture center’s weekly screenings. The new cinema comes as part of […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6042 | Sell 17.7042 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.59 | Sell 17.69 EGX30 (Tuesday): 14,718 (-1.6%) Turnover: EGP 1.0 bn (11% BELOW the 90-day average) EGX 30 year-to-date: -2.0% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
08-11 February (Thursday-Sunday): Furnex & the Home international trade fair, Cairo International Convention Center. 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 […]
Posted inWhat We're Tracking Today
Global selloff continues on Tuesday after US stocks suffer their worst fall in six years
The only global business story that matters this morning: The global correction in the equities market is gaining steam, and the selloff continues this morning in Asia. The EGX30 was the only regional index to buck the trend yesterday, closing the day up 0.6% in moderate trading. Wall Street has now erased its 2018 gains […]
Posted inWhat We're Tracking Today
What We’re Tracking Today on 6 February 2018
Here at home: The central bank is hosting the fintech and digital economy conference “Seamless North Africa” (pdf) today. The two-day conference will allow local and global fintech companies to showcase their offerings in the region’s largest potential market. One question on our minds this morning: What, exactly, is going on with Mona Zobaa and […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
We’re expecting an announcement sometime this week on the USD 4-5 bn eurobond issuance. Finance Minister Amr El Garhy said that the issuance, which will take place on the London and Luxembourg stock exchanges, is due any day now. Sudan and Egypt’s foreign ministers and intelligence service chiefs will meet in Cairo on Thursday to […]
Posted inON THE HORIZON
On the horizon
The London Business School is holding its annual Middle East Conference on 2 March. The theme for this year’s forum, which brings together 200 students= and business leaders, will be “Roads Less Travelled”, and will aim to explore the new routes business leaders in the Middle East can pursue to create more innovative, open, inclusive, […]