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A misdemeanors court sentenced lawyer Nabih Al Wahsh to a three-year prison term and a EGP 20k fine for remarks he made on television advocating [redacted] harassment, Al Shorouk reports. Al Wahsh has been charged with harming public interest by inciting harassment and rape.
Author Archives: enterpriseam admin
Posted inNational Security
Egypt receives last three Rafale fighter jets from France
Egypt received its final shipment of Rafale fighter jets from France’s Dassault Aviation with the arrival of the last three aircrafts over the weekend, defenceWeb says. Egypt had signed an EUR 5.2 bn agreement with France in 2015 for 24 Rafale jets, Fremm naval frigate and MBDA air-to-air missiles. We noted last month that Egypt […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6672 | Sell 17.7672 EGP / USD at CIB: Buy 17.66 | Sell 17.76 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Wednesday): 14,582 (+0.3%) Turnover: EGP 1.7 bn (67% above the 90-day average) EGX 30 year-to-date: +18.1% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
01-03 December (Friday-Sunday): RiseUp Summit, Downtown Cairo. 03-05 December (Sunday-Tuesday): Solar-Tec, Cairo International Exhibition & Convention Center. 03-05 December (Sunday-Tuesday): Electrix, Cairo International Exhibition & Convention Center. 03-06 December (Sunday-Wednesday): The fourth e-payment and Innovative Financial Inclusion Expo & Forum (PAFIX), Egypt Expo Center, New Cairo. 05 December (Tuesday): Egypt’s Emirates NBD PMI reading for […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 November 2017
Unless you work in retail, today is the last day of the work week. Banks, the EGX, the finance industry, most manufacturers and the public sector will be closed in observance of Prophet Muhammad’s birthday, which officially falls on Friday 1 December. The end of the “chequebook era” of government: Today is the last on […]
Posted inWhat We're Tracking Today
Egyptian weightlifting champion Sara Ahmed looking to make history with first world championship medal
Egyptian weightlifting champion Sara Ahmed is “aiming to make more history at the IWF world weightlifting championships” next week, theInternational Olympic Committee says. 19-year-old Ahmed first grabbed attention at the 2014 Youth Olympic Games, where she landed a gold medal for her “starring performance.” She then went on to become the first Arab woman to […]
Posted inWhat We're Tracking Today
Reading suggestions for this holiday long weekend
Some reading (and one watching) suggestions for this holiday long weekend: Hedge funds are “too busy surviving to hire robots,” Bloomberg warns, writing that while the industry is far from dead (contrary to recent mems), its focus on the threat from low-cost passive investing strategies sees it overlooking artificial intelligence. Name-checked in the story and […]
Posted inON THE HORIZON
On the horizon
Our friends at AmCham are hosting a conference on the Private Sector’s Role in Implementing Sustainable Development Goals on 4-5 December. Co-organized with the UNDP, the conference aims to chart new and creative methods for local and regional partnerships between the private sector and governments that align with sustainable development goals. Keynote speakers include Investment […]
Posted inEnterprise+: Last Night’s Talk Shows
Gov’t to celebrate electronic payment system next week, Shadia passes away
Between the government’s long-awaited transition to an e-payments system, reactions to Egyptian actress Shadia’s death, and continued coverage of the situation in North Sinai, the airwaves were brimming with miscellany last night. Finance Minister Amr El Garhy told Masaa DMC’s Osama Kamal that the government willcelebrate officially bidding adieu to paper cheques in favor of […]