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Gulf Capital invested USD 22 mn in 4Q2017 in an Egyptian company that provides liquid petroleum gas storage services to the government, a statement carried by Al Borsa said yesterday. The UAE-based private equity firm had announced in November that it was planning to invest USD 110 mn in Egypt over the coming two years, […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
UK to provide Egypt with bomb detectors for airports
The Egyptian Holding Company for Airports and Air Navigation has signed an agreement with the UK Department for Transport to supply 12 bomb detection devices, Ahram Online reports. The devices will be used at Cairo Airport as well as airports nationwide.
Posted inEgypt Politics + Economics
Security forces arrests members of Shafik’s party - sources
Security forces are said to have arrested three members of Ahmed Shafik’s Egyptian National Movement party, weeks after the 2012 presidential candidate and former air force commander announced his intention to run again in 2018, Reuters reports. The men were charged with spreading false information harmful to national security, two security sources familiar with the […]
Posted inEgypt Politics + Economics
Military court reduces sentences of 30 civilians
A military court in Assiut reduced the prison sentences of 30 civilians to 10 years from 25, a local legal source told Anadolu Agency on Wednesday. The case goes back to events that followed June 2013 when 33 were charged with membership in an illegal political group, inciting violence and destruction of property. Three of […]
Posted inON YOUR WAY OUT
Suits to get an Egyptian remake
Popular US television show Suits is getting an Egyptian remake after TVision CEO Tarek Genainy purchased the rights from NBCUniversal International, according to PopSugar. Suits follows a team of high powered lawyers in New York, and the Egyptian version will carry that idea to a Cairo setting. The remake, set to start shooting in June, […]
Posted inON YOUR WAY OUT
Google search trends 2017 shows we care more about kids education than football
Google search trends in 2017 shows we care more about kids’ education than football: Google has published its search trends for 2017, and it looks like the results of the elementary school examinations are what we cared about the most this year. Coming in at second place, were the results of the World Cup draw, […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.76 | Sell 17.86 EGP / USD at CIB: Buy 17.77 | Sell 17.87 EGP / USD at NBE: Buy 17.69 | Sell 17.79 EGX30 (Wednesday): 14,651 (+0.4%) Turnover: EGP 1.1 bn (5% above the 90-day average) EGX 30 year-to-date: +18.7% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
15 December (Friday): The Law Magazine’s Law Talks event, Zamalek palace, Cairo. 19 December (Tuesday): Village Capital’s Financial Health Competition: Middle East and Egypt (applications close 3 November) 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 13 December 2017
Finance Minister Amr El Garhy heads to Paris today for the annual Organization f or Economic Cooperation and Development (OECD) / European Union meetings on economic governance and public administration reform, a ministry statement says. El Garhy’s agenda includes meeting with French investors to discuss the improved economic climate under the reform program and a […]
Posted inWhat We're Tracking Today
The Last Jedi is out today and early reviews are looking good
The latest Star Wars film — The Last Jedi — hits theatres in Cairo today and early reviews are not looking too shabby. The Washington Post’s Ann Hornaday says it “honors the franchise with affection and humor,” while the New York Times’ Manohla Dargis says it “embraces the magic and mystery.” The Financial Times makes […]