Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The Finance Ministry expects to consolidate all state bank accounts into a Treasury Single Account (TSA) by the end of November 2017, Daily News Egypt reports. The state budget will be linked to the TSA, effectively completing the transition from cash to electronic payments for all state- and budget-related transactions. Finance Minister Amr El Garhy […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
ECA to begin reviewing case against electricity distribution companies this week
Egyptian Competition Authority (ECA) will meet with Electricity Holding Company officials this week to discuss a case brought against six electricity distribution companies for allegedly selling electricity meters at double price, Daily News Egypt reports. The meter market is monopolized by the state-controlled North Delta Company, which has since denied any connection to the issue, […]
Posted inEgypt Politics + Economics
Suez Canal revenues record USD 447.1 mn in July
Suez Canal revenues increased 4.7% m-o-m in July to USD 447.1 mn, Reuters reports.
Posted inNational Security
Russia will deliver 15 Ka-52 Alligator attack helicopters to Egypt by year-end
Russia will deliver 15 Ka-52 Alligator attack helicopters to Egypt by the end of this year, Russian Helicopters Holding Company CEO Andrey Boginsky told Sputnik on Tuesday at the Army-2017 forum. "In August we plan the delivery of the second batch of three Ka-52s to Egypt, the first three machines have already been delivered — […]
Posted inSports
Egyptian football clubs get to sign more foreign players in the new season
Egyptian football clubs will be able to sign four foreign players, up from a current three, starting next season, BBC reports. “In addition clubs can also sign a maximum of two further players from Syria or Palestine.”
Posted inON YOUR WAY OUT
AUC Professor Malak Zaalouk becomes first Egyptian to chair UNESCO’s Institute for Lifelong Learning
AUC Professor becomes first Egyptian to chair UNESCO’s UIL: AUC Professor Malak Zaalouk recently became the first Egyptian elected to the position of chairperson of the UNESCO Institute for Lifelong Learning (UIL), Albawaba reports. Zaalouk is Professor of Practice and Director of the Middle East Institute for Higher Education at AUC’s Graduate School of Education.
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.7065 | Sell 17.8065 EGP / USD at CIB: Buy 17.71 | Sell 17.81 EGP / USD at NBE: Buy 17.72 | Sell 17.82 EGX30 (Tuesday): 13,115 (+0.1%) Turnover: EGP 361 mn (60% below the 90-day average) EGX 30 year-to-date: +6.2% THE MARKET ON TUESDAY: 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 22 August 2017
It was another slow day in Omm El Donia yesterday as families with kids at international schools slowly trickled back to campus and the rest of the business community got in some more time in Sahel. With Q2 earnings season now behind us, the VIX index for business and finance news in Egypt will be […]
Posted inWhat We're Tracking Today
The Sky is Falling: The Tuesday, 22 August 2017 Edition
Are we on the verge of an EM meltdown? It seems unlikely despite a spate of recent pieces making that argument, most of which we chalk up to journalist boredom during some of the slowest days of the year for global markets. After all, nobody enjoys a spell of doom more than our pals in […]