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Investors at Sadat City want to file suits in the Administrative Court against Trade and Industry Minister Tarek Kabil for raising the prices of industrial land in the area after the bargains had allegedly been struck, they told Daily News Egypt. Investors claim to have been surprised when their down payments for land were 40% […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Customs exchange rate kept unchanged at EGP 16
The Finance Ministry will keep the customs exchange rate unchanged at EGP 16 to the greenback for October, Minister Amr El Garhy told Reuters. The unchanged rate is “consistent with the currency price stabilisation in the past period,” El Garhy told the newswire.
Posted inNational Security
Badie gets another life sentence
Former Ikhwan boss Mohamed Badie was sentenced to life along with 15 people on violence-related charges on Thursday, the Associated Press reports.
Posted inON YOUR WAY OUT
Innoventures advances 11 startups in its Startup Reactor program
Innoventures has selected 11 startups to progress to the third stage of its Startup Reactor program, according to report in Disrupt Africa.
Posted inON YOUR WAY OUT
On this day: 1 October
ON THIS DAY- On this day in 1908, the Ford Model T, regarded as the car that established a mass market for automobiles, was introduced to the market at a total cost of USD 825. Henry Ford’s quote on the vehicle’s aims is priceless. In Egypt, scores were killed in a stampede that took place […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6059 | Sell 17.7059 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.60 | Sell 17.70 EGX30 (Thursday): 13,889 (+1.1%) Turnover: EGP 1.7 bn (981% above the 90-day average) EGX 30 year-to-date: +12.5% THE MARKET ON THURSDAY: The […]
Posted inCALENDAR
30 September-01 October (Saturday-Sunday): Techne Summit, Bibliotheca Alexandrina, Alexandria. 03 October (Tuesday): Egypt’s Emirates NBD PMI reading released. 03-05 October (Tuesday-Thursday): J.P. Morgan’s Credit and Equities Emerging Markets Conference, London, UK. 06 October (Friday): Armed Forces Day, national holiday. 11-12 October (Wednesday-Thursday): 2030 Mega Projects Conference, Nefertiti Hall, Cairo International Convention Center, Cairo. 11-13 October […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 September 2017
It’s interest rate day: The central bank’s Monetary Policy Committee meets today to decide on key interest rates. Ten of 12 economists polled by Reuters see the central bank leaving rates on hold as inflation hasn’t cooled enough for the CBE to declare victory. Enjoy your last weekend of peace for some time: Our esteemed […]
Posted inWhat We're Tracking Today
Congratulations TE
While we’re on the subject of MNOs, we’d like to congratulate Telecom Egypt on its new mobile network, Ehna / We. Perhaps it will have more luck there than its wholly-owned monopolistic subsidiary TE Data has had in rolling out the internet: The quality of our internet access is rated 146 out of 150 globally […]