Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The transport and housing ministries extended the bidding window for its monorail projects until 29 January from 15 January, Housing Minister Mostafa Madbouly announced yesterday, according to Al Masry Al Youm. Companies originally had until 15 January to submit their prequalification documents for the design, finance, supply, operation, and maintenance of the 35 km 6 […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
SCZone may convert part of Port Said area to a freezone
The Suez Canal Economic Zone (SCZone) will convert an area of 35 sq km in East Port Said into a freezone in the next few days, government sources told Al Borsa. The General Authority for Investments (GAFI) will present the case for converting the area into a freezone to the SCZone within the next few […]
Posted inEgypt Politics + Economics
Al Sadat to announce whether he plans run for president next Monday as MPs rush to back El Sisi
Former MP Mohamed Anwar Al Sadat is considering joining the 2018 presidential race, according to Al Masry Al Youm. Sadat has been meeting with MPs to collect the 20 signatures needed to file his nomination papers and has already submitted his letter of intent to House Speaker Ali Abdel Aal. Sadat said he would announce […]
Posted inEgypt Politics + Economics
SCA offers discounts ranging from 45-75% on ships traveling the US-Asia route
Crude oil carriers traveling between Asian ports and the US Gulf, South America, and the Caribbean islands via Suez Canal will be granted discounts of 45-75% on port fees, the Suez Canal Authority (SCA) announced yesterday in a statement carried by Al Shorouk. Oil freighters traveling from the Colombian San Andrés port to ports located […]
Posted inEgypt Politics + Economics
EGP 15 bn in tax disputes settled
Egypt settled EGP 15 bn in tax disputes out of the EGP 24 bn in applications submitted ahead of the Tax Dispute Resolution Act expiring in September, Deputy Finance Minister Amr Al Munir told Al Borsa. Cabinet subsequently approved its extension for another two years this past November.
Posted inON YOUR WAY OUT
President reactivates “Ask Your President” initiative
President Abdel Fattah El Sisi will once again take questions from citizens through the “Ask Your President” initiative which starts on Wednesday, according to Ittihadiya. The initiative was first launched in April 2017. The President will respond to the questions on 15 January, sources tell AMAY.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.65 | Sell 17.75 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Wednesday): 15,193 (+0.2%) Turnover: EGP 1.1 bn (1% above the 90-day average) EGX 30 year-to-date: +1.2% THE MARKET ON WEDNESDAY: 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 10 January 2018
The bull run continues: The EGX30 closed at an all-time high yesterday of 15,159 on decent volume of EGP 1.3 bn, or about 19% above the trailing 90-day average. Foreign institutions drove the run toward the record level. The central bank issued another warning (pdf) on Tuesday against trading or transacting in Bitcoin and other […]