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Automotive spare parts imports in 9M2017 declined to USD 380 mn from USD 670 mn last year, deputy head of the Spare Parts Division of the Cairo Chambers of Commerce Shalaby Ghaleb said. The slump is part of the broader slowdown in the auto industries as both importers and consumers grapple with rising costs. Ghaleb […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
FEB approves changes to the guidelines on banking fees
The Federation of Egyptian Banks (FEB) approved changes to banking guidelines on processing fees for transactions, according to a statement from the FEB picked up by Al Masry Al Youm. While the statement did not specify what these changes were, it did stress that the rules are binding among member banks.
Posted inOther Business News of Note
Investment Ministry forms investor services unit, to expedite licensing
Investment Minister Nasr issued a decree establishing a unit in her ministry to follow up and help troubleshoot issues investors may have, Al Mal reports. The investor services unit would also handle complaints foreign and local investors may have. The ministry also signed a cooperation protocol with the Supply Ministry to link the databases of […]
Posted inOther Business News of Note
Shaya eyes new admin capital mall
Investment Minister Sahar Nasr sat down with the head of Kuwaiti franchise conglomerate Mohamed Al Shaya to discuss the possibility of building a mall in the new administrative capital on Monday,according to a ministry statement. The Avenues Mall would potentially be attached to a hotel or medical complex. Nasr also spoke to head of Sokhna […]
Posted inNational Security
Israeli soldier injured as patrol near Egyptian border comes under fire
An Israeli soldier was lightly injured when an army vehicle traveling along the border with Egypt came under fire yesterday, according to Times of Israel. “The IDF suspects that the gunfire was ‘spillover’ from internal fighting between Egyptian forces and a Sinai-based Islamic State affiliate, but was investigating whether it may have been a deliberate […]
Posted inSports
Salah breaks Robbie Fowler’s goal scoring record in Liverpool
National treasure Mohamed Salah continued to garner international headlines by breaking a Liverpool goal scoring record held by Robbie Fowler during Saturday’s Premier League game with Southampton. Salah scored nine goals in his first 12 Premier League appearances, a new record at the club, according to Goal.com. Salah is carrying the hopes of Egypt at […]
Posted inON YOUR WAY OUT
Sheikh Jackson’s Ahmed El Fishawy summoned for contempt of religion
Why can’t we make frivolous lawsuits a crime in this country? As if arresting a singer for playing inappropriately with bananas and suing Sherine for a joke wasn’t enough, Ahmed El Fishawy, the lead actor of critically acclaimed film “Sheikh Jackson,” has been summoned by prosecutors on charges of contempt of religion following another lawsuit […]
Posted inON YOUR WAY OUT
On this day: 21 November
ON THIS DAY- On this day in 1995, the Dayton Accord, a peace settlement for war-torn Bosnia-Herzegovina was brokered in the US. The agreement was signed by the presidents of Croatia, Serbia and Bosnia on 14 December 1995. “Under the agreement Bosnia will remain a single state, but most power will be devolved to two […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6 | Sell 17.7 EGP / USD at CIB: Buy 17.59 | Sell 17.69 EGP / USD at NBE: Buy 17.6 | Sell 17.7 EGX30 (Monday): 13,681 (-0.5%) Turnover: EGP 880 mn (11% below the 90-day average) EGX 30 year-to-date: +10.8% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
19-21 November (Sunday-Tuesday): 11th Annual INJAZ Young Entrepreneurs Competition, Four Seasons Nile Plaza, Cairo. 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. 05 December (Tuesday): Egypt’s Emirates NBD PMI […]