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The US-Egyptian joint military exercises Bright Star 2017, which starts next month, “strengthens military-to-military relationships between US forces and our Egyptian partners,” US Central Command spokesman Josh Jacques told CNN. “The exercise enhances regional security and stability by responding to modern-day security scenarios,” he adds. 2017 will be the first year the US partakes in […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Were 33,000 ancient artifacts really looted from Egypt
Were 33,000 ancient artifacts really looted from Egypt? Reports had emerged in the foreign press and social media citing statements from the Antiquities Ministry that around 33,000 ancient artifacts had been looted from Egypt in the past half century. However, the ministry came out yesterday to deny that it had issued any such statement, according […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.7182 | Sell 17.8182 EGP / USD at CIB: Buy 17.72 | Sell 17.82 EGP / USD at NBE: Buy 17.73 | Sell 17.83 EGX30 (Wednesday): 13,149.19 (+0.36%) Turnover: EGP 594.7 mn (35% below the 90-day average) EGX 30 year-to-date: +6.52% THE MARKET ON WEDNESDAY: The EGX30 closed […]
Posted inCALENDAR
17 August (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 August 2017
Will former EGX boss Mohamed Omran be the next head of EFSA? That’s what unnamed sources are telling Al Ahram’s breaking news website, which says the former stock exchange boss may now cross the street to become the nation’s top non-bank financial regulator at the Egyptian Financial Supervisory Authority. Deputy Justice Minister Khaled El Nashar […]
Posted inWhat We're Tracking Today
44.8% of Egyptian households toss their garbage out in the street
Did someone out there catch our Monday morning rant about cleaning up the streets? About 44.8% of Egyptian households toss their garbage out in the street, according to a report by state statistics agency CAPMAS cited by Al Masry Al Youm. 55.2% of Egyptians use garbage collectors and cleaning companies. The situation is better in […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Economists polled by Reuters believe that the central bank is likely to leave interest rates unchanged when its monetary policy committee meets on Thursday. "High interest rates are acting to dissuade the private sector from investing and, therefore, economic growth will not be optimised, as few new jobs are, so far, being created," said Pharos […]
Posted inON THE HORIZON
On the horizon
We are getting tantalizingly close to the Eid Al-Adha holiday. Thursday, 31 August is the waqfat Arafat, with the first day of the Eid falling on Friday. Plan to be back at your desk / factory / home office on Tuesday, 5 September. The nation’s mobile network operators will roll out 4G services in two […]
Posted inEnterprise+: Last Night’s Talk Shows
Last night’s talk shows: unemployment rates, public enterprises, rail upgrades, and sugar, of all things
It was another night of miscellany on the airwaves, featuring lots of self-love from the government on unemployment rates and the ‘profits’ of state-owned enterprises as well as more on rail upgrades — and sugar, of all things. Transport Minister Hisham Arafat is still in the hot seat, and the need to attract fresh private-sector […]