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The Air Force bombed eight four-wheel-drive vehicles carrying arms and explosives in the Western Desert on the borders with Libya, the Armed Forces said in a statement on Monday. The statement said the individuals who were part of the convoy were killed. Security forces in the area have been on high alert following last Friday’s […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Ahmed Moussa still on the air
It was too much to hope for that the creature that is Ahmed Moussa would be silenced and sentenced to Hades for airing “incorrect” information on the Wahat attack. It appears the Supreme Media Council made do with a slap on the wrist after the mutant apologized, AMAY reports.
Posted inON YOUR WAY OUT
Ronaldo, Zidane receive top honors at FIFA 2017 awards
Cristiano Ronaldo and Zinedine Zidane received top honors at the Best FIFA Awards in London yesterday, according to FIFA’s website. The player/coach duo picked up the Best FIFA Player and Best FIFA Coach awards, with Juventus’ goalie Gianluigi Buffon picking up the Best FIFA Goalkeeper award. The FIFA FIFPro World11, which was largely Real Madrid-dominated […]
Posted inON YOUR WAY OUT
On this day: 24 October
ON THIS DAY- On this day in 1956, Israel, France, and the UK signed the secret agreement known as the Protocol of Sèvres. The agreement was for the countries to collude militarily and politically to topple President Gamal Abdel Nasser by invading and occupying the Suez Canal zone in response to Nasser’s Suez Canal nationalization, […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.5975 | Sell 17.6974 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Monday): 13,870 (+1.2%) Turnover: EGP 1.3 bn (40% above the 90-day average) EGX 30 year-to-date: +12.4% THE MARKET ON MONDAY: The […]
Posted inCALENDAR
23-27 October (Monday-Friday): 29th Business and Professional Women International Congress themed “Making a Difference through Leadership and Action,” Mena House Hotel, Cairo. Register here. 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. 16 November (Thursday): Central […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 October 2017
An IMF delegation arrives in Cairo today to review progress on the economic reform program ahead of unlocking the next tranche of Egypt’s USD 12 bn extended fund facility. Finance Minister Amr El Garhy and CBE Governor Tarek Amer met earlier this month with IMF Chief Christine Lagarde, who “praised” Egypt’s reforms. El Garhy had […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The executive regulations for the Investment Act are expected to be issued this week, Prime Minister Sherif Ismail had said. As we noted yesterday, the regs appear to be causing a recent a stir among companies operating in private freezones over additional fees they will be forced to pay, some of the fees are as […]
Posted inON THE HORIZON
On the horizon
EFG Hermes will hold its 7th Annual London Conference on 6-9 November. The conference will see C-suite execs from top listed companies in MENA as well as frontier markets (among them Pakistan, Kenya, Nigeria, Bangladesh, and Sri Lanka) meet face-to-face with top global investors with mandates to invest in emerging and frontier markets. The event […]