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Pensioners will be able to receive their monthly payment through ATMs as of 1 September, Social Solidarity Minister Ghada Wali announced, Al Masry Al Youm reports. The move to make pension allowances available electronically comes as part of the government’s mobile payments strategy to improve financial inclusion.
Author Archives: enterpriseam admin
Posted inNational Security
Russia to train Egyptian Ka-52K pilots, paratroopers to hold joint exercises
Russia will provide training for pilots of Ka-52K helicopters set to be deployed on Egypt’s Mistral-class carriers, Russia’s state-owned TASS reports. “Our main efforts are concentrated on preparing crews who will operate Ka-52Ks in Egypt. That is why they are in Russia, working. Next year, their training is planned to be completed,” the Chief Designer […]
Posted inNational Security
ACIRC mulls military response potential
Military heads and experts from a dozen met in Kampala Monday to discuss setting up a response force for crises, Xinhua reports. The 12 nations, of which Egypt is one, make up the African Capacity for Immediate Response to Crisis (ACIRC) which was set up in November 2013 to assess if certain situations need intervention. […]
Posted inON YOUR WAY OUT
Egypt returns coins, paper securities to Iraq, China
Egypt returned antique coins and paper securities to Iraq and China that were smuggled into the country, Al Arabiya reports. 44 Iraqi coins date back to the eras of King Faisal I, King Faisal II, and King Ghazi I were returned, in addition to 13 Chinese paper securities — some which date back to the […]
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.6313 | Sell 17.7313 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Monday): 13,014 (+0.8%) Turnover: EGP 731 mn (18% below the 90-day average) EGX 30 year-to-date: +5.4% THE MARKET ON MONDAY: The […]
Posted inCALENDAR
31 August-04 September (Thursday-Monday): Eid Al-Adha, national holiday as specified by the Astronomical and Geophysics Institute. The Thursday is the waqfat Arafat, with the first day of the Eid on Friday, 1 September. September — The House of Representatives is due to begin discussion of the proposed bankruptcy bill. 06 September (Wednesday): The Emirates NBD […]
Posted inWhat We're Tracking Today
What we’re tracking on 28 August 2017
We’re deep in the arms of the pre-Eid news slowdown, the effect of which is magnified by it taking place during the last week of the last “real” month of summer. You’ll want to pay close attention to the news on Thursday morning, though — what better time for corporations and regional governments alike to […]
Posted inWhat We're Tracking Today
Game of Thrones season 7 comes to a close
Game of Thrones season 7 comes to a close: Winter has ended too soon for our liking this year, as the penultimate season of Game of Thrones wraps up today for us here in the Middle East (yesterday if you’re reading from the US or Canada). With filming of the six-episode season eight set to […]
Posted inWhat We're Tracking Today
Sports to cap things off: Football, boxing
The American loudmouth (rather handily) beat the Irish loudmouth in whatever that fight was early yesterday morning. ESPN has the details, while the New York Times serves up the social commentary. The Irish loudmouth looks set to take home about USD 100 mn from the fight, with the American loudmouth taking some USD 200 mn […]