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The first shipment of eight Arabian horses was exported to the European Union yesterday from Cairo, marking the end of an EU a ban imposed in 2010, AMAY reports. The horses were isolated and underwent the necessary tests, as per an agreement with the EU, Deputy Agriculture Minister Mona Mehrez said. Conditions to lift the […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Death sentences in Minya
A Minya criminal court has handed down 12 death sentences and 157 life sentences on charges of violence and murder in a case that dates back to 2013, according to Ahram Online. The accused were involved the storming of a police station which resulted in the death of officer Mostafa El Attar.
Posted inNational Security
Driveways to Cairo International could be equipped with explosive detectors
The driveways to Cairo International Airport are set to be equipped with explosives-detecting X-ray devices, Sputnik reports, citing Al Ahram. “The devices will be installed at the two main driveways within two months.” Separately, Xinhua reports that new security measures were implemented in Hurghada. There is still no news on Russia resuming flights to Egypt.
Posted inON YOUR WAY OUT
Churches wary going into Virgin’s Fast
Churches around the country are bracing for an influx of visitors amid heightened security going into the Virgin’s Fast, Al Masry Al Youm reports. Church officials and the government have advised churchgoers to keep visits brief and avoid congregating unnecessarily inside and outside. The added caution follows the attacks in April and May targeting Coptic […]
Posted inON YOUR WAY OUT
Pharaoh could be oldest known giant in the world
Third dynasty Pharaoh Sa-Nakht might be the oldest recorded giant in the world at 1.87 meters tall, Léa Surugue writes for the International Business Times. Remains believed to belong to the pharaoh, who apparently suffered from gigantism, were discovered in 1901. Archeologists are currently conducting new studies to discover if he was actually considered a […]
Posted inON YOUR WAY OUT
Hips don’t lie and could bring tourists to Egypt, or so thinks the TPA
To the dismay of many (and our admitted delight), tourism promotion officials are stirring controversy with its use of the ‘Shakira Belt’ as a marketing tool in an official campaign. The idea behind the long-shot pitch is to use the style of accessory made popular by the Colombian popstar to market bellydancing costumes handcrafted in […]
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 (Monday): 13,661 (+0.88%) Turnover: EGP 901 mn (3% below the 90-day average) EGX 30 year-to-date: +10.7% THE MARKET ON MONDAY: 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 07 August 2017
On a quiet summer morning, we have three big pieces of news on personalities who will shape our regulatory and macro environments: New head of EGX announced overnight: Mohamed Farid Saleh was appointed chairman of the EGX late yesterday in a decree issued by Prime Minister Sherif Ismail.He replaces Mohamed Omran, whose term wrapped last […]
Posted inWhat We're Tracking Today
Breakfast, the cold war and MbS makes a new friend — our TBR for 7 August 2017
New additions to our TBR pile this morning: Saudi Crown Prince and U.A.E. Heir Forge Pivotal Ties: A desert camping trip helped cement a friendship seen as central to a shift in Saudi policies. (Wall Street Journal) U.S. troops train in Eastern Europe to echoes of the Cold War: “The United States Army is scrambling […]