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An Alexandria misdemeanors court sentenced former Bibliotheca Alexandrina director Ismail Serageldin to three and a half years in prison for allegedly squandering EGP 20 mn in government money, AMAY reports. Serageldin is being accused by Bibliotheca staff members of awarding contracts for library projects to friends by direct order and using library funds to finance […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Egypt wins two silver medals in Sumo
You know we have a serious obesity problem when we start winning medals in Sumo wrestling. Egypt apparently won two silver medals at the World Games 2017 in Poland for Sumo, Egyptian Streets reports. We can console ourselves that all that greasy feteer has come to good use.
Posted inON YOUR WAY OUT
Looking for Umm Kulthum movie competing at Venice Film Festival
Iranian director Shirin Neshat’s flickLooking For Umm Kulthum is an entry at the Venice Film Festival, Ahram Online reports.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8400 | Sell 17.9400 EGP / USD at CIB: Buy 17.81 | Sell 17.91 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Tuesday): 13,396 (-0.2%) Turnover: EGP 692 mn EGX 30 year-to-date: +8.5% THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.2%. 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 01 August 2017
It is the first day of August. Do any of you happen to have any idea why this year is passing so quickly? We have a couple of weeks of earnings season ahead of us, then the Eid Al-Adha break at month’s end and into the first week of September — and a very pleasant […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Foreign Minister Sameh Shoukry will be heading to Khartoum on Wednesday at the head of a high-ranking delegation set to meet with a number of Sudanese officials, Al Shorouk reports, citing Sudan’s Foreign Ministry spokesperson Qaribullah Khedr. We’re expecting Khartoum’s ban on Egyptian agricultural imports to feature heavily in discussions. In the run-up to the […]
Posted inON THE HORIZON
On the horizon
4G mobile data services are expected to officially launch by mid-August. Meanwhile, the Health Ministry plans to present the Universal Healthcare Act to the Prime Minister in two weeks’ time. The ministry is also expected to recommend in a report to the House that the vast majority of some 1,400 high-volume meds rise in price.
Posted inEnterprise+: Last Night’s Talk Shows
Price controls on private healthcare and Emaar’s possible investment
Price controls on private healthcare and Emaar’s possible investment in the new capital were among the highlights of interesting night on the airwaves. The Health Ministry is still set on imposing price controls on private sector healthcarethrough a bill we first heard about last month. That was the message senior ministry official Ali Mahrous relayed […]