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Posted inHealth + Education

Health Committee to summon Health Minister to discuss drug shortages

The House of Representatives’ Health Committee will summon Health Minister Ahmed Rady to discuss med shortages and pricing, according to Al Borsa. The committee is also planning on sending recommendations to the ministry on how to address the shortages and resulting increases in med prices. Rady announced in a statement Tuesday, however, that only 10 […]

Posted inTelecoms + ICT

MNOs bring new scratch card prices into effect

Mobile network operators (MNOs) officially brought the new scratch card prices into effect yesterday and sent out large shipments to local distributors, Al Mal reports. Local distributors had alleged last week that MNOs were withholding new shipments to clear out market inventory before the new pricing system came into effect. The National Telecommunications Regulatory Authority […]

Posted inNational Security

Gowind Corvette, Type 209/144 submarine arrive in Alexandria

The first Gowind 2500 Corvette frigate and a second Type 209/1400 submarine arrived in Alexandria yesterday, the military announced. “A military drill was conducted between the Egyptian and French naval forces, including the two new additions to the Egyptian fleet, in the Atlantic Ocean during the frigate's voyage to Egypt, the statement said,” according to […]

Posted inON YOUR WAY OUT

On this day: 19 October

ON THIS DAY- On this day 30 years ago, the US experienced the biggest single-day stock market collapse in history after the Dow Jones industrial average dropped 22.5% in what was known as Black Monday. In 1954, Egypt signed an agreement with the UK in 1954 to have it withdraw all of its troops from […]

Posted inThe Market Yesterday

Powered by EGP / USD CBE market average: Buy 17.5960 | Sell 17.6960 EGP / USD at CIB: Buy 17.58 | Sell 17.68 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Wednesday): 13,590 (+0.5%) Turnover: EGP 2.0 bn (113% above the 90-day average) EGX 30 year-to-date: +10.1% THE MARKET ON WEDNESDAY: The […]

Posted inCALENDAR

18-19 October (Wednesday-Thursday): Middle East Info Security Summit, Sofitel El Gezirah, Cairo. 18-20 October (Wednesday-Friday): AfriLabs annual gathering with the theme “Future of Cities: Innovation, Spaces and Collaboration,” The French University, Cairo. Register here. 21 October (Saturday): The African Leadership Academy will hold its “Beyond Education” seminar on university readiness and the future of leadership […]

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