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Orascom Hotels and Development Chairman Samih Sawiris has agreed to invest a “substantial, though undisclosed” amount of money in Dutch online booking platform Bidroom, the startup announced in a press release last week.
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Average yields on seven- and three-year treasury bonds drop
The average yield on seven-year treasury bonds plummeted yesterday to 15.5% from 16.692% at the last auction on 5 September, Reuters reports. Three-year bond yields fell to 15.504% from 16.518%.
Posted inNational Security
Egypt to receive at least one naval vessel from South Korea
Egypt will be receiving at least one naval vessel from South Korea, according to an Armed Forces statement from Thursday, which says that Defense Minister Sedki Sobhi had inspected “one of the naval units that the Egyptian military will be adding to its fleet soon” during his visit to Seoul last week. The vessel, which […]
Posted inON YOUR WAY OUT
On this day: 19 September
ON THIS DAY- On this day in 1893 New Zealand became the first self-governing country in the world in which all women had the right to vote in parliamentary elections. New Zealand’s women’s suffrage preceded the US’ and the UK’s, and the achievement was the result of years of effort by suffrage campaigners, led by […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6171 | Sell 17.7171 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Monday): 13,593 (-0.2%) Turnover: EGP 1.2 bn (41% above the 90-day average) EGX 30 year-to-date: +10.1% THE MARKET ON MONDAY: The […]
Posted inCALENDAR
18-19 September (Monday-Tuesday): Euromoney Egypt conference, venue TBD, Cairo. 19 September (Tuesday): Deadline for applications for funding under the Newton Institutional Links programme. 20-23 September (Wednesday-Saturday): 2017 Automech Formula car expo, Cairo International Convention Center, Nasr City, Cairo. 21 September (Thursday): Islamic New Year, national holiday. 22-24 September (Friday-Sunday): CairoComix Festival, AUC Tahrir Campus, Cairo. […]
Posted inWhat We're Tracking Today
President Abdel Fattah El Sisi arrived in New York yesterday for the UN General Assembly’s 72nd regular Session, which began last week and runs until 25 September. El Sisi is scheduled to join a UN Security Council summit on peacekeeping and is making the crisis in Libya a signature issue. The president will address the […]
Posted inWhat We’re Tracking This Week
Look out, Fawry — you have (state-owned, analog) competition. You’ll be able to pay your electricity bill and re-charge pay-as-you-go meters at the Post Office in the next few days, reports Youm7. Post Office boss Essam Al-Saghir also suggests you’ll be able to pay your telephone and internet bills there, too. We should be getting […]
Posted inON THE HORIZON
The Investment Ministry appears to have given itself until the end of the year to prepare and release its investment map of some 600 projects it plans to offer to investors, according to statements by General Authority for Investment and Free Zones Managing Director Mona Zobaa picked up by Youm7. The Egyptian-American Business Council will […]