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The House of Representatives’ Budget Committee has begun reviewing the Auctions and Tenders Act on Wednesday, committee member Silvia Nabil tells Al Mal. The bill, which was overhauled by the Finance Ministry back in July, would decentralize tender procedures and streamline the selection process for winning bids. It will also promote two-stage tenders to give […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Suez Canal revenues rise y-o-y but dip m-o-m
Suez Canal revenues rose to USD 462.7 mn in November, up from USD 389.2 mn in November 2016, according to Al Shorouk. Revenues reportedly dropped from USD 473.9 mn one month prior.
Posted inNational Security
Clashes with militants near El Arish Airport, Daesh claims Tuesday’s attack
Security forces have clashed with militants near El Arish Airport in North Sinai, killing five of them, The Associated Press reports. Some security sources said the clashes killed seven militants and an army officer, according to Vanguard. The clashes came a day after a missile hit the airport killing one person. Daesh issued a statement […]
Posted inON YOUR WAY OUT
Looking for Oum Kulthum is about “the power of art to move a people,” Proctor writes
New York-based artist Shirin Neshat’s latest film Looking for Oum Kulthum is “a ‘film within a film’ telling the tale of an Iranian director by the name of Mitra … who is making a film about the legendary Egyptian singer,” Rebecca Anne Proctor reviews for Harper's Bazaar Arabia. “Looking for Oum Kulthum is ultimately about […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.7713 | Sell 17.8713EGP / USD at CIB: Buy 17.77 | Sell 17.87EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Wednesday): 14,682 (+0.03%) Turnover: EGP 911 mn (xx% BELOW / ABOVE the 90-day average) EGX 30 year-to-date: +18.9% THE MARKET ON WEDNESDAY: The EGX30 ended […]
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 20 December 2017
The board of directors of the IMF meets today to decide on the release of the thirdUSD 2 bn tranche of Egypt’s USD 12 bn Extended Fund Facility. The board will base its decision on the outcome of the second review of the Sisi administration’s reform agenda, which concluded early last month, and we’re optimistic […]
Posted inWhat We're Tracking Today
Omar Samra and Omar Nour make it through day 4 of their rowing adventure across the Atlantic
Adventurer and entrepreneur Omar Samra and triathlete Omar Nour have rowed 129 nautical miles — and have 2,475 more to go — on the fourth day of their 5,000 km journey across the Atlantic Ocean. The two faced some trouble on day three of their expedition, including unfavorable weather conditions and dehydration after their water […]
Posted inWhat We're Tracking Today
** Take our end-of-year survey — get a bag of Enterprise-branded coffee and cool mugs from which to drink it: It’s that time of the year again — we want you to help us gauge how well business went during the year. What are the biggest challenges you faced during the year? Where will the […]