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Czech travel agencies have reported no cancellations to planned trips to Egypt, despite the most recent knife attack in Hurghada, Prague Daily Monitor reports. “Just after the event clients started calling to be informed how the situation looks in the country, but we have not registered any cancellations of the planned trips,” a travel agent […]
Author Archives: enterpriseam admin
Posted inTelecommunications
NTRA sets regulations for TE’s mobile distributors
The National Telecommunications Regulatory Authority (NTRA) has reportedly finished laying out licensing terms and regulations for the distributors of Telecom Egypt’s (TE) new mobile services, which are expected to launch in a few weeks’ time, according to Al Borsa. The terms stipulate that TE must review and sign off on new line contracts before they’re […]
Posted inEgypt Politics + Economics
Suez Canal revenues down m-o-m
Suez Canal revenues have dropped to USD 427.2 mn in June from USD 439.8 mn in May, Reuters reports.
Posted inON YOUR WAY OUT
Egypt’s (self-anointed) Indiana Jones honored for his devotion to archaeology
Egypt’s (self-anointed) Indiana Jones, Mr. Zahi Hawass, received an award at Italy’sMagna Graecia Film Festival for “his devotion to archaeology,” Ahram Online reports. Dressed to the nines in a maroon blazer, Hawass took the opportunity to call on Egypt and Italy to overcome their differences and “work hard to be able to reestablish a strong […]
Posted inON YOUR WAY OUT
German automakers to upgrade diesel cars
German automakers are going to upgrade 5.3 mn diesel cars to reduce their carbonemissions, according to the FT. The plan to upgrade comes after the industry was battered in terms of reputation after the VW scandal, “where the company admitted 11 mn cars worldwide had been fitted with “defeat devices” which cheated pollution controls tests,” […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.7901 | Sell 17.8901 EGP / USD at CIB: Buy 17.81 | Sell 17.91 EGP / USD at NBE: Buy 17.77 | Sell 17.87 EGX30 (Wednesday): 13,405 (+0.1%) Turnover: EGP 700 mn EGX 30 year-to-date: +8.6% THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.1%. CIB, […]
Posted inCALENDAR
03-05 August (Thursday-Saturday): Watrex Expo Middle East, Cairo International Exhibition & Convention Center. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 02 August 2017
There’s plenty of news this morning on the economic front, but at the risk of coming across as pro-state toadies, may we just come out and cheer Education Minister Tarek Shawki? The man has proposed a complete overhaul of the country’s education system. There are many reasons why, in a nation of >100 mn, the […]
Posted inEnterprise+: Last Night’s Talk Shows
Are we finally getting serious about fixing a broken education system that hobbles the nation?
We expected more from the talking heads on the surge in Egypt’s foreign reserves, but at least it made the headlines. But talking heads were (understandably) more interested in dissecting the newly proposed restructuring of the nation’s education system. (We have full coverage of both stories in Speed Round, below.) On Hona Al Asema, Lamees […]