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Armtec Countermeasures Company was awarded a USD 18 mn contract to supply Egypt and Iraq with infrared countermeasure flares to protect aircrafts, according to the US Department of Defense. Work will be performed in East Camden, Arizona, and should be complete by 31 May, 2019.
Author Archives: enterpriseam admin
Posted inNational Security
Four policemen killed in Al Arish
Four policemen were killed yesterday by assailants who fired at a patrol car in North Sinai’s Al Arish, according to Reuters.
Posted inSports
Egyptian swimmer with Down Syndrome gearing up to cross the English Channel this month
18 year-old Mohammed Al Husseini trains for more than 10 hours every day to become Egypt’s first swimmer with Down Syndrome to cross the English Channel, according to Egyptian Streets. Al Husseini will be attempting the feat between 24 August and 4 September and is being aided by the English Swimming Association, the outlet says.
Posted inON YOUR WAY OUT
Middle class Egyptians turning to “nontraditional” means to supplement income
Middle class Egyptians are changing their lifestyles to cope with the economic crunch and increasing prices, Shahira Amin writes for Al-Monitor. Amin presents accounts of people who started using the internet to supplement their income through moves like renting out spare rooms in their houses and selling their own food products.
Posted inON YOUR WAY OUT
Al Azhar initiative to correct misconceptions on Islam
Al Azhar will open an online portal for expats who have questions about Islam, according to Al Masry Al Youm. Minister of Immigration and Egyptian Expatriates Nabila Makram made the announcement yesterday, positioning the site as part of the government’s broader push to expose a more moderate side of Islam.
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.73 | Sell 17.83 EGP / USD at CIB: Buy 17.75 | Sell 17.85 EGP / USD at NBE: Buy 17.75 | Sell 17.85 EGX30 (WEDNESDAY): 13,581 (-0.4%) Turnover: EGP 689 mn (26% below the 90-day average) EGX 30 year-to-date: +10% THE MARKET ON WEDNESDAY: 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 09 August 2017
Egypt’s budget deficit fell to 10.9% in FY2016-17, down from 12.5% the previous year, according to an Ittihadiya statement on Tuesday picked up by Reuters. This is only negligibly higher than expected results of 10.8% reported by the Finance Ministry last month. The country’s GDP growth for the year came in at 4.1%, slightly ahead […]
Posted inWhat We're Tracking Today
Some Kardashian or another is in Egypt
Some Kardashian or another is in Egypt. We’re filled with self-loathing for even taking note of the ‘story,’ but it’s all anyone seemed capable of discussing overnight. The international press is going bonkers (see the Daily Mail, People, Us Weekly, E, etc). Even Al Mal is getting in on the act, picking up a statement […]