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The Supreme Constitutional Court has postponed its ruling on the government’s appeal against the annulment of the Tiran and Sanafir island handover agreement with Saudi Arabia to 3 March, Al Masry Al Youm reports.
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Government targeting Suez Canal revenues of USD 5.7 bn for fiscal year 2018
The government is targeting Suez Canal revenues of USD 5.7 bn by the end of the fiscal year ending in June 2018, according to Youm7. The revenues would mark a slight increase over last year’s USD 5.6 bn.
Posted inNational Security
Egypt imposes curfew on parts of North Sinai
Egypt imposed a curfew on certain areas of North Sinai as of Saturday, after House Representatives signed off on a decision extending the state of emergency for another three months last week. The decision was published in the Official Gazette and “includes areas at the border town of Rafah near Gaza from 7pm. to 6am, […]
Posted inON YOUR WAY OUT
Cotton Egypt Association launches new campaign to promote Egyptian cotton
The Cotton Egypt Association has unveiled a new brand identity and digital platform to re-enforce Egyptian Cotton as the finest cotton in the world, according to Fibre2Fashion. The campaign runs with the tagline “Be Human” and is “designed to increase consumer demand and retailer confidence and will support the Cotton Egypt Association's drive to rid […]
Posted inON YOUR WAY OUT
Ahmed El Sakka plays El Sisi in upcoming film
Egyptian actor Ahmed Al Sakka is play President Abdel Fattah El Sisi in his upcoming film Serri Lel Ghaya (Highly Confidential), which traces the events of the January 2011 uprising all the way through to June 2013. The film is due for a May release, according to Al Masry Al Youm, and has an all-star […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6557 | Sell 17.7557 EGP / USD at CIB: Buy 17.65 | Sell 17.75 EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Thursday): 15,242 (+0.3%) Turnover: EGP 1.2 bn (9% above the 90-day average) EGX 30 year-to-date: +1.5% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
15-17 January (Monday – Wednesday): EFG Hermes Annual Egypt Day Conference, Four Seasons Nile Plaza, Cairo 15 January (Monday): EFG Hermes Annual Egypt CEOs Dinner, Four Seasons Nile Plaza, Cairo 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, […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 January 2018
A fairly slow news day abroad is balanced by a very busy one here in Egypt, so we’re keeping the miscellany to a minimum this morning. Among the (very small) handful of international stories worth your time this morning: The “last of the bears” are still waiting in hope of a financial crisis, the FT […]
Posted inON THE HORIZON
On the horizon
The first investor conferences of 2018 get underway next week. EFG Hermes host their annual Egypt Day next Monday at the Four Seasons Nile Plaza. This year’s event will begin with the firm’s annual CEO dinner. Arqaam Capital will then hold its Egypt Investors Conference 2018 on 22 January. The conference will host senior C-Suite […]