Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Private sector wages increased 12.8%, with the average reaching EGP 2,680 per month in 2016, up from EGP 2,376 the previous year ago, according to CAPMAS statistics cited by Al Shorouk. Average salaries in the public sector rose 8.5% y-o-y in 2016 to EGP 4,600 per month, up from EGP 4,256 in 2015. The state […]
Author Archives: enterpriseam admin
Posted inNational Security
MiG-29 fighter jet deliveries to Egypt underway, Ka-52K contracts were not yet signed
Deliveries of Russian MiG-29 fighter jets to Egypt are already underway, Russian presidential aide for military and technical cooperation Vladimir Kozhin told TASS. “Some fighter jets have been already sent to Egypt. Given the number of aircraft - that’s around five dozens of vehicles - the supplies are expected for several years … I’m sure […]
Posted inNational Security
Saudi, Egyptian air forces conducting joint drills next week
The Royal Saudi Air Force is conducting joint drills with the Egyptian Air Force next week, Asharq Al Awsat reports. The exercises, called Faisal 2017, will be held for the 11th year running and are part of annual training aimed at supporting cooperation and ties between the Saudi and Egyptian air forces.
Posted inON YOUR WAY OUT
Investment Ministry launches “Fekretak Sherketak” startup initiative
The Investment and International Cooperation Ministrylaunched the “Fekretak Sherketak” startup initiative targeting entrepreneurs across Egypt. Teams can apply for the initiative, which is part of the Egypt Entrepreneurship program (EEP), at www.sherketak.com. EFG Hermes and the UNDP are backing the initiative.
Posted inON YOUR WAY OUT
White cab drivers fight back, launch Taxi Whats to mirror rivals Uber and Careem
White cab drivers in Cairo are trying to mirror their ride-hailing app rivals Uber and Careem using instant messaging app WhatsApp, Al Masry Al Youm reports. A number of drivers have launched a group on the messaging app dubbed “Taxi Whats,” which works as a more rudimentary version of the ride-hailing apps, allowing clients to […]
Posted inON YOUR WAY OUT
On this day: 13 September
ON THIS DAY- On this day in 2015, Prime Minister Sherif Ismail began to set up his cabinet, a day after his predecessor Ibrahim Mahlab was sacked. Enterprise readers also knew about the Finance Ministry recovering nearly as much as 40 kg of gold that were stolen. Elsewhere in the world, in 1993, then-Prime Minister […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6143 | Sell 17.7143 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Tuesday): 13,475 (-0.4%) Turnover: EGP 1.2 bn (34% above the 90-day average) EGX 30 year-to-date: +9.2% THE MARKET ON TUESDAY: The […]
Posted inCALENDAR
13 September (Wednesday): Pharos Holding’s Egypt Banking Day event. 13 September (Wednesday): EIB MED Conference: Boosting investments in the Mediterranean Region, Cairo. 13-15 September (Wednesday-Friday): 2017 Alliance for Financial Inclusion Global Policy Forum, International Congress Center, Sharm El Sheikh. 15-18 September (Friday-Monday): Sharm Travel Market, venue TBD, Sharm El Sheikh. 18-19 September (Monday-Tuesday): Euromoney Egypt […]
Posted inWhat We're Tracking Today
What we’re tracking on 12 September 2017
Habemus 4G mobile internet broadband: Egyptian telecom operators will begin offering high-speed 4G mobile broadband services this month, CIT Minister Yasser El Kady announced yesterday. El Kady also noted that the Ministry “would offer more wireless frequencies for sale at an unspecified later date,” Reuters reports, raising the prospect that quality of service would ultimately […]