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Dice Sport and Casual Wear is planning to open 48 new branches in 2018 under an expansion that seeks to boost its market share to 20% from 10%, CFO Victor Fakhry tells Al Boursa. The company, which began trading on the EGX last November, recently reached an agreement with Levi’s that will see it export […]
Author Archives: enterpriseam admin
Posted inLegislation + Policy
House Planning Committee to complete its review of Auctions and Tenders Act in February
The House of Representatives’ Planning and Budgeting Committee will likely complete its review of the Auctions and Tenders Act around mid-February, committee deputy head Yasser Omar tells Al Mal. The committee has finished reviewing the majority of the legislation, and is prioritizing it over the coming few weeks due to its importance, Omar says. The […]
Posted inEgypt Politics + Economics
NEC approves four NGOs’ requests to monitor presidential elections
The National Elections Commission (NEC) has approved four NGOs’ requests to monitor this year’s presidential elections, Ahram Gate reports. The approved organizations include MAAT for Peace, Development, and Human Rights; the Egypt Peace Foundation for Peace, Development, and Human Rights; Partners for Transparency; and the Egyptian Organization for Human Rights. Organizations are required to apply […]
Posted inEgypt Politics + Economics
Khaled Ali says supporters are being intimidated by gov’t bureaucrats, police
Bureaucrats at real estate registration offices are attempting to block citizens from signing endorsement forms, Khaled Ali alleged at a press conference yesterday, The Associated Press reports. “Several campaign officials who spoke to The Associated Press said Ali supporters were intimidated and threatened by undercover policemen and [President Abdel Fattah] El-Sissi supporters crowding the government […]
Posted inSports
Egypt defeats Morocco in Africa’s Handball Championship opening match
Egypt’s handball national team won 33-28 against Morocco in the opening match of the African Championship in Gabon, KingFut reports. The Egyptian team plays against Nigeria today at 6pm CLT and faces Angola on Sunday.
Posted inON YOUR WAY OUT
Egyptian archaeologists uncover first century tomb in Alamein
Archaeologists have uncovered a Roman tomb in the city of Alamein that’s believed to date back to the first or second century AD, Ahram Gate reports. In related news, the Supreme Antiquities Council announced plans to convert the catacombs in Alexandria’s Kom El Shoqafa to an open-air museum.
Posted inON YOUR WAY OUT
Ronaldinho steps off the stage
Brazilian footballing wizard Ronaldinho officially retired on Tuesday, according to ESPN. The announcement came from his brother Roberto Assis in a column penned for a Brazilian media outlet. Ronaldinho hasn’t played for a professional club since he left Fluminense in 2015, but hadn’t officially retired. Ronaldinho is the first footballer to find fame on YouTube […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6580 | Sell 17.7580EGP / USD at CIB: Buy 17.65 | Sell 17.75EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Wednesday): 15,199 (+0.7%) Turnover: EGP 1.4 bn (xx% BELOW / ABOVE the 90-day average) EGX 30 year-to-date: +1.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
22-23 January (Monday-Tuesday): Arqaam Capital Egypt Investors Conference 2018, The Vineyard Hotel, Cape Town, South Africa. 25 January (Thursday): 25 January revolution / Police Day, national holiday. 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. 05 February (Monday): Egypt’s […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 July 2018
We’re on day two of EFG Hermes’ Egypt Day in Cairo. Yesterday saw President Abdel Fattah El Sisi meet with representatives (pdf) of 26 regional and international investment funds. Investors have already had sit-downs with Central Bank Governor Tarek Amer, Finance Minister Amr El Garhy and other members of cabinet. Fund and portfolio managers with […]