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Senior Romanian embassy officials are calling for a return to direct flights between Cairo and Bucharest, if demand for them is high enough, according to Al Mal. If demand doesn’t warrant direct flights, then the line could be used as a connection to other European cities.
Author Archives: enterpriseam admin
Posted inBanking + Finance
USD 47bn in transactions since the float
The banking sector has made USD 47 bn available for import-export activities since the EGP was floated in November, central bank Deputy Governor for Control and Risk Tarek Fayed tells Al Borsa. USD 34 bn of the total financed LCs, with the balance used for new applications.
Posted inEgypt Politics + Economics
Warraq residents refuse settlement
Inhabitants of the Warraq island in South Cairo refused on Monday agovernment-proposed settlement offering them new properties in social housing projects if they leave the contested land, Al Shorouk reports. The islanders defended their legal right to the land, claiming they have been paying their bills for years and that authorities are trying to unlawfully […]
Posted inEgypt Politics + Economics
Yields on five- and 10-year T-bonds continuing to fall
Average yields on Egypt's five- and 10-year treasury bonds continued to fall at yesterday’s auction, Reuters reports. The average yield on the five-year bonds fell to 17.001% from 17.800% on July 31. The yield on the 10-year bonds fell to 17.130% from 17.798%.
Posted inON YOUR WAY OUT
Egypt near the top of the list of harshest blasphemy laws globally
Egypt has the world’s sixth-harshest blasphemy law, stricter than Saudi Arabia, according to a list by the US Commission on International Religious Freedom cited by The Economist (paywall). Iran and Pakistan have the strictest laws against blasphemy globally. “The countries were assessed on the basis of the harshness of their penalties, the vagueness or precision […]
Posted inON YOUR WAY OUT
Around 35,000 Syrian refugees have finished national exams
Approximately 35,884 Syrian refugee students in Egypt have finished national exams for basic and secondary education under the UNHCR’s joint capacity building program with the Education Ministry as of June 2017, according to a Relief Web report (pdf). Around one third of Syrian refugees of school age in Jordan, Lebanon, Turkey, Egypt and Iraq are […]
Posted inON YOUR WAY OUT
The human driveway
An Egyptian “superhero” has cars run him over and would apparently like to pull a plane. Skeptical? Think again. The man looks like he needed some smelling salts at the end of this video (runtime 1:12). So legit.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.71 | Sell 17.81 EGP / USD at CIB: Buy 17.71 | Sell 17.81 EGP / USD at NBE: Buy 17.73 | Sell 17.83 EGX30 (MONDAY): 13,135 (-1.1%) Turnover: EGP 620 mn (33% below the 90-day average) EGX 30 year-to-date: +6.4% THE MARKET ON MONDAY: The EGX30 ended […]
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
This is the 700th morning we’ve done this. Just sayin’. We’re honored to have all of you along for the ride.