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The decision to turn Nuweiba into a freezone should be receiving presidential approval soon, Investment Minister Sahar Nasr said on Monday, according to Al Shorouk. Investors have been calling for the zone for five years. The General Authority for Freezones and Investment had completed studies on the freezone back in early 2016, when former finance […]
Author Archives: enterpriseam admin
Posted inOther Business News of Note
20 chosen by entrepreneur platform
The ChangemakerXchange Summit chose 20 entrepreneurs from across the region to receive access to resources, mentorship, and funds, according to CPI Financial. The inaugural summit is sponsored by Ashoka and SAP. Notable Egyptian selections include the Baladini program, which promotes healthy food production in rural areas; Eco Travel Egypt, which promotes sustainable travel; and Jereed, […]
Posted inEgypt Politics + Economics
Gamaa Islamiya’s political wing elects anti-Ikhwan chairman
Gamaa Islamiya’s political arm, the Reconstruction and Development Party, elected Mohamed Tayseer as its new chairman Saturday in a bid to distance itself from allegations of support for the Ikhwan. The election comes after former party head Tarek El-Zommor, who fled to Qatar in 2013, resigned last month, says Ahram Online.
Posted inEgypt Politics + Economics
Prime Minister Ismail discusses strategy to revamp state media with heads of media regulatory bodies
The government is drafting a three-year plan to revamp the financial and organizational structure of state newspapers and state-owned media, a cabinet statement said yesterday.
Posted inON YOUR WAY OUT
Helwan University students create solar-powered car for disabled people
Helwan University students create solar-powered car for disabled people: A group of Helwan University mechanical engineering students created a solar-powered motorized, three-wheel car that would allow the disabled to travel alone for long distances, according to Nigeria’s Vanguard.
Posted inON YOUR WAY OUT
28,575 kids were coding on the same day in 56 countries including Egypt
Egypt was one of 56 countries participating in Moonhack’s global hackathon, which brought together a record 28,575 young coders, according to Gizmodo UK. 54% of participants were aged between nine and 11 years old. “Kids took part in coding exercises from their homes, at Code Clubs in their schools, local libraries, and community centres.”
Posted inThe Market Yesterday
Powered by EGP / USD CBE market average: Buy 17.7065 | Sell 17.8062 EGP / USD at CIB: Buy 17.71 | Sell 17.81 EGP / USD at NBE: Buy 17.72 | Sell 17.82 EGX30 (Monday): 13,106 (+0.6%) Turnover: EGP 638 mn (29% below the 90-day average) EGX 30 year-to-date: +6.2% THE MARKET ON MONDAY: The […]
Posted inCALENDAR
31 August-04 September (Thursday-Monday): Eid Al-Adha, national holiday (TBC) 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 August 2017
Foreign Minister Sameh Shoukry will meet his Russian counterpart today. On the agenda for the sit-down with Sergei Lavrov: Resumption of direct flights to Egypt, a Russian industrial zone in Egypt, the Dabaa nuclear power plant and the ongoing crises in Syria, Libya, and Yemen. Shoukry is expected to visit Estonia and Lithuania following meetings […]