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The European Bank for Reconstruction and Development (EBRD) issued yesterday a procurement notice for a consultancy firm to advise Egypt’s Oil Ministry on its plans to modernize the country’s oil and gas sector. The winning firm would be tasked with facilitating the ministry’s implementation of its seven-pronged modernization strategy and advising on “workflow/business process requirements […]
Author Archives: enterpriseam admin
Posted inSports
Cairo Economic Court fines beIN Sports EGP 400 mn for monopolistic practices
The Cairo Economic Court has fined beIN Media Group officials, including Chairman Nasser Al-Khelaifi, EGP 400 mn for anti-competitive practices, Al Shorouk reports. The Egyptian Competition Authority had referred beIN to prosecutors last January for monopolizing the distribution of world sports leagues by forcing viewers to subscribe to its entire basic package for a year […]
Posted inSports
Ali Gabr to West Brom on loan
Egypt centerback Ali Gabr is joining West Bromwich Albion on loan until the end of the season, according to the Washington Post. Gabr moves over from Zamalek with an option for a permanent transfer at the end of the season. The transfer pairs him with his international teammate and defensive partner Ahmed Hegazi; the defensive […]
Posted inON YOUR WAY OUT
Egyptian start-up Elves targets millennials globally after USD 2 mn seed funding
Egyptian virtual assistant platform Elves is targeting millennials around the world after raising USD 2 mn in seed funding last year from investors including Emaar, CMO Mohammed Sabry tells Disrupt Africa. The app allows users to talk to a “super human assistant” to do anything, anywhere in the world, at no cost, according to Sabry. […]
Posted inON YOUR WAY OUT
Village of women
The village of Al Samaha’s population consists exclusively of single and widowed women, according to Al Arabiya. The 303 women who live there subsist on a government program that has existed since 1998 and aims to help women who suddenly became breadwinners for their families due to divorce or the death of a partner by […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6278 | Sell 17.7278EGP / USD at CIB: Buy 17.60 | Sell 17.70EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Monday): 15,369 (+0.4%) Turnover: EGP 1.6 bn (42% ABOVE the 90-day average) EGX 30 year-to-date: +2.3% THE MARKET ON MONDAY: The EGX30 ended Monday’s session […]
Posted inCALENDAR
29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, Cairo. 30 January-01 February (Tuesday-Thursday): CI Capital’s MENA Investor Conference, Four Seasons Nile Plaza, Cairo. 3-4 February (Saturday-Sunday): Egypt Investment Forum, Semiramis Intercontinental Hotel, Cairo. 05 February (Monday): Egypt’s Emirates NBI PMI reading for January announced. 08-11 February (Thursday-Sunday): Furnex & the Home international trade fair, […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 January 2018
Yesterday was a huge day on the legislative front with the passage of the long-awaited Bankruptcy Act and MPs sending a clear signal that their agenda through summer recess is packed with business- and economy-related work. We have an extensive rundown in at the head of today’s Speed Round that you’ll want to make certain […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
CI Capital will hold its MENA Investor Conference tomorrow at the Four Seasons Nile Plaza. The Egypt Investment Forum, which is being heavily promoted by the Investment Ministry, will kick off on Saturday at the Semiramis Intercontinental Hotel.