ON THIS DAY- On this day in 1942, Lieutenant-General Sir Bernard Law Montgomery launched an attack against German forces in El Alamein, starting what became the decisive Second Battle of El Alamein, which prevented the Axis forces from advancing further into Egypt. The Hungarian revolution against Soviet rule began on this day in 1956 with […]
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Powered by EGP / USD CBE market average: Buy 17.5971 | Sell 17.6969 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Sunday): 13,706 (-0.1%) Turnover: EGP 1.0 bn (6% above the 90-day average) EGX 30 year-to-date: +11.0% THE MARKET ON SUNDAY: The […]
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 […]
What we’re tracking on 22 October 2017
PM to discuss reasons for extending state of emergency in House address: Prime Minister Sherif Ismail is expected to address the House of Representatives today to explain why it was necessary earlier this month to extend the state of emergency for another 90 days, Ahram Online reports. Ismail’s address follows a terror attack this weekend […]
75th anniversary of the Battle of El Alamein
Yesterday was the 75th anniversary of the Second World War Battle of El Alamein, which saw Nazi forces halted at Egypt and pushed back. The removal of landmines left over from the conflict was an issue at a ceremony commemorating the event yesterday. UN Resident Coordinator & UNDP Representative Richard Dictus said that a 2,680 […]
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. The regs are reportedly causing a stir among companies operating in private freezones, who are crying out against additional fees they will be forced to pay. Some of the fees are as high as 37.5% […]
We’re on hiatus on 22 October 2017
Our daily roundup of Last Night’s Talk Shows is on hiatus today, but will return tomorrow.
At least 16 policemen killed in an attack in Western Desert
At least 16 members of the police service were killed in a gunbattle with terrorists in the Western Desert on Friday evening, security forces said in a statement. Two police patrols were ambushed after moving in on a suspected terror hideout southwest of Cairo off the Wahat Road, according to reports. Reuters and the Associated […]
El Garhy articulates reform agenda with the IMF in the FT
El Garhy pens op-ed for Financial Times ahead of IMF delegation’s visit this week: Finance Minister Amr El Garhy summed up the mammoth tasks of reforms over the last two years and the IMF’s role in it in a cogent piece he penned for the Financial Times on Friday. In it, he explains why the […]