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QNB Alahly has received approval to raise its capital to EGP 15 bn from EGP 10 bn, according to the EGX. A rights issue from issued and paid up capital of EGP 1.4 bn was also approved. Some 148.3 mn shares are set to be distributed on 24 September with the last day of ownership […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Aswan court orders continued detention of 24 Nubians arrested for unsanctioned protest
A court in Aswan has ordered the continued detention of 24 Nubians who were arrested for participating in an unsanctioned protest on Sunday, Reuters’ Arabic service said yesterday. The protesters had been marching to call for the return of their ancestral homeland, the wire adds. We had said in July that Nubian rights groups were […]
Posted inON YOUR WAY OUT
Pope Tawadros II meets with Australian PM
Pope Tawadros II met with Australian Prime Minister Malcolm Turnbull and other government officials in Canberra, Australia yesterday, The Associated Press reports. They spoke of “the importance of Egyptian unity and the international fight against extremism,” according to Peter Khalil, Australia’s sole Coptic MP.
Posted inON YOUR WAY OUT
On this day: 7 September
ON THIS DAY- On this day in 1952, the Egyptian army forced Prime Minister Ali Maher out of office after General Mohamed Naguib accused him of being slow to carry out social and land reforms demanded. Naguib then formed a new civilian government with himself as prime minister and commander-in-chief. Across the Atlantic, the United […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6093 | Sell 17.7093 EGP / USD at CIB: Buy 17.60 | Sell 17.70 EGP / USD at NBE: Buy 17.63 | Sell 17.73 EGX30 (Wednesday): 13,318 (-0.7%) Turnover: EGP 719 mn (19% below the 90-day average) EGX 30 year-to-date: +7.9% THE MARKET ON WEDNESDAY: The […]
Posted inCALENDAR
06-09 September (Wednesday-Saturday): 2017 China-Arab States Expo (Egypt is the Guest of Honor), Ningxia, China. 08-09 September (Friday-Saturday): Educate Me's Conference for Egyptian Education (Mo'allem), AUC, Cairo 11 September (Monday): Japanese Foreign Minister Taro Kono is scheduled to visit Cairo to participate in the Arab-Japanese dialogue session at the Arab League, according to a Foreign […]
Posted inWhat We're Tracking Today
What we’re tracking on 06 September 2017
If we seem a bit giddy this morning, it’s because we’re high on the run of excellentnews in the past 24 hours or so. From reports that the CBE has cleared its trade finance backlog, to the Russians signalling the tourists may come back (after confirmations on Daba’a, of course — ah, conditionality), to Mohamed […]
Posted inON THE HORIZON
On the horizon
The 2017 Alliance for Financial Inclusion (AFI) Global Policy Forum is set for 13-15 September in Sharm El Sheikh, according to Al Shorouk. The Central Bank of Egypt will be welcoming central bankers and senior government officials from 94 countries and 119 international institutions, which could make the event AFI’s “ largest and most comprehensive” […]
Posted inEnterprise+: Last Night’s Talk Shows
Another evening of miscellany.
The majority of the talking heads were still off enjoying the last days of summer, leaving us with yet another evening of miscellany. The resumption of the Bright Star military exercises after its eight-year suspension is an indicator that US-Egypt ties are warming up significantly and returning to pre-2011 levels, Gen. Nasr Salem, a professor […]