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Investment Minister Sahar Nasr is looking to set up two investment zones in Luxor, according to a Saturday statement. The first would cater to large-scale investments, while the second would be geared towards small and medium businesses.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Amr Diab is the top Arab celebrity, according to Forbes Middle East
Forbes Middle East compiled its first ever list of the Top 100 Arab Celebrities, “looking at the popularity and influence of actors, singers and TV personalities from across the region.” Amr Diab tops the list, followed by Nancy Ajram. 46 Egyptians in total made the list.
Posted inON YOUR WAY OUT
Show by an Egyptian set for the Edinburgh Fringe described as “theatrically sophisticated and potent”
An Egyptian show set to feature at the Edinburgh Fringe Festival is “theatrically sophisticated and potent” with “sensitive and clever crafting,” The Guardian’s Lyn Gardner reviews. The show is about the story of Kashmiry, “a young Egyptian man who not only had to journey across the border controls erected around gender but also the borders […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.74 | Sell 17.84 EGP / USD at CIB: Buy 17.75 | Sell 17.85 EGP / USD at NBE: Buy 17.75 | Sell 17.85 EGX30 (Thursday): 13,462 (-0.9%) Turnover: EGP 695 mn (25% below the 90-day average) EGX 30 year-to-date: +9.1% THE MARKET ON THURSDAY: 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
What we’re tracking on 10 August 2017
We’re in the final stretch of summer, folks: Some schools are due to head back into session as early as next week, and we’re just three weeks away from the first day of the Eid Al-Adha vacation. The central bank’s shakeup of management at state-owned banks is still in the cards and could come to […]
Posted inON THE HORIZON
On the horizon
We were looking forward to hearing overnight that the Ismail cabinet had signed off on the executive regulations of the Investment Act yesterday. That didn’t come to pass — cabinet postponed the meeting on the regs until next week, Investment Minister Sahar Nasr said, according to AMAY. The expectation is that regulations should come into […]
Posted inEnterprise+: Last Night’s Talk Shows
When some random MP wants to lower the age of marriage, all you can say is: TGIT.
Some in the House of Representatives want to lower the minimum age for marriage to 16 from 18 years old. That was the highlight of a random night on the airwaves. Masaa DMC host Osama Kamal spoke to the brains behind the proposal, Rep. Ahmed Samih, who said the change would help formalize scores of […]
Posted inSpeed Round
Hilton plans expansion into Egypt thanks to upswing in tourism and devaluation
Hilton plans expansion into Egypt thanks to upswing in tourism and the EGP float: Hilton plans to expand its number of managed hotels in Egypt to 30 from a current 17 over the next seven to ten years, vice president of MENA operations Mohab Ghali told Reuters in an interview yesterday. “If things remain stable, […]