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At least four Saudi companies in the textile and petrochemicals business have filed requests to the General Authority for Freezones and Investment (GAFI) asking to launch new projects in private freezones, sources tell Al Borsa. GAFI is expected to begin reviewing the applications by early January. In related news, the Ismail Cabinet has reportedly signed […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
EGX planning Asia Roadshow
The EGX is planning a roadshow through a number of Asian countries early next year, according to AMAY.
Posted inLegislation + Policy
Bill on issuance of fatwas to be ready “soon”
The House Religious Committee has nearly finished preparing a bill to regulate the issuance of religious edicts (fatwas), committee deputy chair Amr Hamroush said, Al Mal reports. The bill will include a specific license for the issuing of fatwas and could regulate the broadcast of fatwas on television.
Posted inEgypt Politics + Economics
Sisi signs off on USD 15 mn Syrian refugee support grant from Kuwait Development Fund
President Abdel Fattah El Sisi signed off on an USD 15 mn grant from the Kuwait Fund for Arab Economic Development that had been pledged in 2016 to help support the needs of refugees in Egypt, Al Masry Al Youm reports. The UNHCR placed the number of registered Syrian refugees in Egypt at 126,000 as […]
Posted inEgypt Politics + Economics
Lawyer banned from TV appearances for three months
The Supreme Council for Media Regulation has banned lawyer Nabih Al Wahshfrom appearing on TV for three months, according to Al Shorouk. The ruling comes after Al Wahsh promoted rape as a national duty on Al Asema back in October.
Posted inON YOUR WAY OUT
On this day: 26 November
ON THIS DAY- On this day in 1789, a day of thanksgiving was set aside by US President George Washington to observe the adoption of the constitution, making it the first national Thanksgiving in the US. President Franklin D. Roosevelt signed a bill establishing the fourth Thursday in November as Thanksgiving Day officially in 1941. […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6385 | Sell 17.7382 EGP / USD at CIB: Buy 17.62 | Sell 17.72 EGP / USD at NBE: Buy 17.61 | Sell 17.71 EGX30 (Thursday): 14,106 (+1.9%) Turnover: EGP 1.3 bn (30% above the 90-day average) EGX 30 year-to-date: +14.3% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
01 December (Friday): Prophet’s Birthday, national holiday. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 November 2017
Prime Minister Sherif Ismail is in Germany today to receive treatment and undergo surgery for an unspecified illness,according to a statement from the cabinet on Wednesday. Ismail will be there for three weeks, the statement added. Cabinet spokesperson Ashraf Sultan made the rounds on the talk and news shows last night to explain that the […]
Posted inWhat We're Tracking Today
Money managers think that Standard & Poor’s new “Fragile Five” list is off
Didn’t we tell you S&P’s updated ‘Fragile Five” list is nonsense? Money managers including Goldman, BlackRock think that Standard & Poor’s new “Fragile Five” list is off. Wall Street has been wrong in the past about the BRICS and the PIGS, and data suggests it’s also off about the fragility of some emerging markets, Bloomberg […]