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Two international trade union groups called for the release of eight Egyptian union members who were arrested last week for attempting to organize protests, Ahram Online reports. In a joint letter to President Abdel Fattah El Sisi and Prime Minister Sherif Ismail, the International Trade Union Confederation and Public Services International condemned the “unjustified escalation” […]
Author Archives: enterpriseam admin
Posted inNational Security
Warship delivery due in October
The first of four French corvette warships we acquired is due to make port in Alexandria 21 October, according to the Egypt Independent. The ship is enroute to Kiel Germany where it will join a German-made submarine Type 42 model 209 before making their way home.
Posted inSports
FIFA says El Hadary is eyeing history with World Cup qualification close
Veteran goalkeeper Essam El Hadary is “eyeing history” with an Egypt side that is close to qualifying to World Cup, FIFA.com reports. “At the heart of Egypt’s bid to end a lengthy barren run is El Hadary, an age-defying shot-stopper who has so far enjoyed a glittering career but is still hungry for more success […]
Posted inON YOUR WAY OUT
On this day: 26 September
ON THIS DAY- On this day in 1973, the Concorde made its first non-stop transatlantic flight, crossing from Washington DC to Orly airport in Paris in a record-breaking time of three hours and 32 minutes. In 1960, Americans tuned in to the first-ever televised debate between the two candidates running for the White House: Richard […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6169 | Sell 17.7169 EGP / USD at CIB: Buy 17.61 | Sell 17.71 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Monday): 13,674 (+0.5%) Turnover: EGP 1.1 bn (28% above the 90-day average) EGX 30 year-to-date: +10.8% THE MARKET ON MONDAY: The […]
Posted inCALENDAR
25-27 September (Monday-Wednesday): Egypt Downstream Summit and Exhibition, Kempinski Royal Maxim Palace, Cairo. 26 September (Tuesday): Egypt’s Internal Trade Reinvented event with Supply Minister Ali El Moselhy, AmCham, Cairo. 28 September (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. September — The House of Representatives is due to begin discussion of […]
Posted inWhat We're Tracking Today
What we’re tracking on 25 September 2017
We’re three years old this morning, and we’re feeling a little chuffed about that. On this day in 2014, we sent out the first issue of Enterprise to just under 50 friends and family, and the rest is history. In the time since, we’ve written roughly 6,171,000 words about business, finance and the economy Egypt […]
Posted inWhat We're Tracking Today
Activist investors taking over your kid?
Activist investors mounting a bid for your kid? Activist investors from Quonset Point Capital (QPC) are mounting an activist campaign to takeover “Brande,” a three year-old. That’s the premise of illustrator Zoe Piel’s hilariously on-point parody activist proxy fight pitch deck (pdf). QPC has a full plan to unlock Branden’s potential and specializes in “improving […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The central bank’s monetary policy committee will meet on Thursday to decide on interest rates. It’s the MPC’s first meeting since the announcement earlier this month that the core inflation rate dropped to 34.86% in August, from 35.26% in July and comes after the US Federal Reserve’s FOMC left the federal funds rate on hold […]