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President Abdel Fattah El Sisi has signed off on amendments to the Penal Code, which include harsher penalties for the kidnapping of infants or children, as well as the possibility of parole release after serving half term on the condition of good conduct, Al Shorouk reports.
Author Archives: enterpriseam admin
Posted inSports
Sherbini wins Tournament of Champions
Number-one ranked Nour El Sherbini beat compatriot Nour El Tayeb to claim the the 2018 J.P. Morgan Tournament of Champions as her first title of the year, according to the Professional Squash Association (PSA) website. The folks at The Citizen have taken note of Egypt’s continued rise as a squash powerhouse, noting that six of […]
Posted inSports
Tunisia tops Egypt for African handball title
Tunisia beat Egypt 26-24 in the 2018 African Men’s Handball Championship on Saturday, according to Al Shorouk. Both sides qualify to the 2019 Handball World Cup co-hosted by Germany and Denmark along with third-place winner Angola.
Posted inSports
Interior Ministry allows football fans into Port Said stadium after six-year hiatus
The Interior Ministry allowed fans of Al Masry Football Club to enter the Port Said stadium after a six-year hiatus following the 2012 Port Said massacre, club president Samir Halabia announced, according to Al Masry Al Youm.
Posted inON YOUR WAY OUT
Fintech startups growing, becoming more valuable
Egypt’s fintech startups are growing in number, value, and specialization, writes Rana Freifer for Wamda. She says startups are getting more support for banks and the government and they are becoming more appealing to investors. “To sum it up, fintech in Egypt is growing in the right direction, slowly, but evolving… leveraging existing platforms and […]
Posted inON YOUR WAY OUT
World’s tallest man and world’s shortest woman meet in Cairo
The world’s tallest man and shortest woman got together for a photo op by The Pyramids as part of a tourism promotion campaign, according to The Independent. Turkey’s Sultan Kosen stands at a towering 251 cm while India’s Jyoti Amge just reaches 62.8 cm. The staggering difference between the two Guinness World Record holders is […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6619 | Sell 17.7617EGP / USD at CIB: Buy 17.65 | Sell 17.75EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Wednesday): 15,171 (-0.2%) Turnover: EGP 1.2 bn (7% ABOVE the 90-day average) EGX 30 year-to-date: +1.0% THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’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 24 January 2018
It’s a two-story news day, folks, as the business community absorbs both the arrest of would-be presidential candidate Sami Anan on charges he violated military law and the release yesterday of the IMF’s glowing report on the Ismail government’s reform agenda. Also worth your attention this morning is news of what the Investment Ministry is […]
Posted inWhat We're Tracking Today
Apple releases the HomePod
In other miscellany worth noting this morning: Eleven Pacific Rim nations including Canada have agreed on a new version of the Trans-Pacific Partnership trade agreement a year after Donald Trump pulled the US out of the pact, the Wall Street Journal reports. The 2018 Oscar nominations are out, with “adult fairytale” The Shape of Water […]