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Metro ticket prices will be increased and subjected to a tier system based on distance traveled by the end of next year, ministry sources tell Al Shorouk. The new pricing scheme will come into effect once the fourth phase of Cairo Metro Line 3 is launched in November 2018, according to the sources. The price […]
Author Archives: enterpriseam admin
Posted inLegislation + Policy
Contractors compensation rates published in Official Gazette
The rates at which contractors will be compensated for losses incurred as a result of the EGP float was published in the Official Gazette this week, Al Borsa reports. Previous estimates had put it at a range of 15-60% of the contract size, depending on the type of project, the equipment used, and whether materials […]
Posted inNational Security
Egypt, Jordan Aqaba 3 military drill kicks off in Egypt
Egypt and Jordan began their joint military drill Aqaba 3 yesterday, which is expected to run for a number of days in Egypt, Ahram Online reports. The exercise involves sharing of expertise in coordination, planning, and conducting joint missions.
Posted inON YOUR WAY OUT
Egypt’s first Hijabi Ballerina
Engy El Shazly made history when she became the first ballerina in Egypt to perform with the Hijab. The 30 year old performed in the Russian Cultural Center in Cairo and has aspirations to perform in venues around the world. The ballerina has only been dancing for three years and plans to eventually open her […]
Posted inON YOUR WAY OUT
On this day: 15 November
ON THIS DAY- The Palestine National Council, at the urging of PLO chairman Yasser Arafat, issued a declaration of independence for a state of Palestine in the West Bank and Gaza Strip on this day in 1988. American painter Georgia O’Keeffe was born on this day in 1887. O’Keeffe was known for her “large-format paintings […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5909 | Sell 17.6909 EGP / USD at CIB: Buy 17.56 | Sell 17.66 EGP / USD at NBE: Buy 17.58 | Sell 17.68 EGX30 (Tuesday): 14,133 (+0.1%) Turnover: EGP 1.0 bn (2% above the 90-day average) EGX 30 year-to-date: +14.5% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
16 November (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 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): […]
Posted inWhat We're Tracking Today
What we’re tracking on 14 November 2017
Listing regulations that impose a one month deadline for companies to IPO after receiving regulatory approval will come into effect today, after being publishedin the Official Gazette last night. Under the new regulations, the Financial Regulatory Authority (FRA) had also made it mandatory for companies wishing to list new shares to first apply for FRA […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
It’s interest rate week: The Central Bank of Egypt’s Monetary Policy Committee will meet on Thursday to review rates. The meeting comes as inflation inched down fractionally in October, but before the central bank has a full year of inflation data on which to declare victory in its post-float ‘war on inflation.’ The US embassy […]