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Khaled Ali could be seen as Egypt's “unlikeliest challenger” to President Abdel Fattah El Sisi, Ruth Michaelson writes for The Guardian. “Ali’s platform, a mix of welfare proposals including expanded health insurance and a minimum wage, is reminiscent of socialists who’ve broken into mainstream politics elsewhere, such as Bernie Sanders or even Jeremy Corbyn… Ali’s […]
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Posted inEGYPT IN THE NEWS
No plans to move Russian troops from Syria to Egypt -Lavrov
Russia has no plans for any “permanent relocations” of troops to Egypt from the Hmeymim base in Syria, Russian Foreign Minister Sergei Lavrov said, according to Pravda. The recently-signed aerospace agreement between Egypt and Russia “reflects the partnership nature of our relationship - these are reciprocal military measures of most favored treatment,” Lavrov explained. “Our […]
Posted inEGYPT IN THE NEWS
Romantic relationships disrupted by post-Arab Spring violence
The New York Times put together a photo essay on romantic relationships in Egypt that were disrupted by the 2014 protests against President Abdel Fattah El Sisi’s rise to power. Egyptian photographer Hadeer Mahmoud “captured the moments of longing and loss through the stories of three young women whose sweethearts had been arrested in the […]
Posted inEGYPT IN THE NEWS
Egyptian flight attendants decry comments on their weight and appearance
Egyptian flight attendants decry comments on their weight and appearance: The union of Egyptian flight attendants responded angrily to comments made by House Representative regarding the weight and appearance of EgyptAir flight attendants, The Associated Press reports. The union says the chief job requirement for flight attendants is medical fitness.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.7721 | Sell 17.8721EGP / USD at CIB: Buy 17.79 | Sell 17.89EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Tuesday): 14,923 (+0.5%) Turnover: EGP 620 mn EGX 30 year-to-date: +20.9% THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.5%. CIB, the index […]
Posted inCALENDAR
28 December (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, Cairo 12-14 February 2018 (Monday-Wednesday): Egypt Petroleum Show 2018 (EGYPS), New Cairo Exhibition Center. 19-20 February 2018 (Monday-Tuesday): The Banking Tech North Africa, The Nile Ritz-Carlton, Cairo 17-21 February 2018 (Saturday-Wednesday): Women […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 December 2017
Merry Christmas, Enterprise readers and happy boxing day. We hope all those celebrating the day had a wonderful time with family and friends. We’d like to start off first by thanking all our friends who have wished us well over our extended, end of year break. They really made our day. As we are still […]
Posted inWhat We're Tracking Today
Omar Nour and Omar Samra
We were sad to hear over the break that adventurers Omar Nour and Omar Samra had to cut their epic cross Atlantic rowing challenge short on Friday, when heavy winds caused their boat to capsize. The pair struggled for 12 hours in the water under extreme conditions, until a cargo ship, primarily crewed by Egyptians […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Expect the central bank’s Monetary Policy Committee to keep interest rates on hold when they meet on Thursday, Pharos Holding’s Ramy Oraby says. “We believe that the current disinflation trend will continue, leading the annual inflation rate downwards to 14.4% YoY in 4Q 2018, which is in line with the CBE inflation target of 13% […]