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President Abdel Fattah El Sisi issued a decree establishing the executive body for the National Elections Commission,according to Youm7. The body will serve a four year term and is made up of Alaa El Din El Sayed as director of the body. Other members include Osama Ghazi, Atef Abdel Hamid Hassan and Rifaat Mohamed Osman.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Nubian activist Gamal Sorour dies in detention
Nubian activist Gamal Sorour died in detention on Saturday, the Associated Press reports. “Sorour’s death was reported Sunday by prominent rights lawyer Ragia Omran and Sorour’s longtime friend and fellow activist, Haggag Oddoul. Omran says his funeral will be held Sunday.”
Posted inON YOUR WAY OUT
On this day: 06 November
ON THIS DAY- On this day in 1956, the allied forces of the Tripartite Aggression took control of the Suez Canal Zone and declared a ceasefire. UN Secretary-General Dag Hammarskjold announced “the allies had accepted the terms of the UN ceasefire and had ordered troops to stop fighting.” The UN condemned South Africa’s apartheid regime […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.5997 | Sell 17.6997 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Sunday): 14,184 (-1.0%) Turnover: EGP 872 mn (9% below the 90-day average) EGX 30 year-to-date: +14.9% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
06-07 November (Monday-Tuesday): Crisis Communications Conference, Four Seasons Nile Plaza Hotel, Cairo. 06-09 November (Monday-Thursday): EFG Hermes’ 7th Annual London Conference on 6-9 November, Arsenal’s Emirates Stadium. 14 November (Tuesday): SEMED Business Forum: Investing for Sustainable Growth, Conrad Hotel, Cairo. 16 November (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 19-21 […]
Posted inWhat We're Tracking Today
What we’re tracking on 05 November 2017
The World Youth Forum gets underway today in Sharm El Sheikh, bringing together 70 official delegations and more than 3,000 youth, Ahram Gate reports, citing sources at Ittihadiya. International figures and leaders, including Emir of Sharjah Sultan bin Muhammad Al-Qasimi, began arriving at Sharm El Sheikh yesterday ahead of the six-day affair. American actress Helen […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
EFG Hermes’ 7th Annual London Conference kicks off tomorrow and runs through Thursday. The conference will bring C-suite execs from top listed companies in MENA as well as frontier markets (among them Pakistan, Kenya, Nigeria, Bangladesh, and Sri Lanka) face-to-face with top global investors with mandates to invest in emerging and frontier markets. The event […]
Posted inEnterprise+: Last Night’s Talk Shows
World Youth Forum tops talking heads’ agenda
On a relatively uneventful evening on the airwaves, the nation’s talking heads were most preoccupied with the World Youth Forum that kicks off in Sharm El Sheikh today. Masaa DMC’s Eman El Hosary, who was reporting live from Sharm, talked to South Sinai governor Khaled Fouda about the month-long preparations ahead of the conference (watch, […]
Posted inSpeed Round
Float drove government to spend EGP 100 bn over budget, sources say
The EGP float caused the government to spend over EGP 100 bn more than it planned in FY2016-17, three sources told Reuters. The increased spending was needed to cover additional cost of importing fuel and wheat. Higher borrowing costs were also a factor, and the government will now seek parliamentary approval for the overspend, the […]