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Posted inON YOUR WAY OUT

Nat Geo Abu Dhabi announces winner of their photography competition

Two Egyptians and a Palestinian have won National Geographic Abu Dhabi’s photography competition, Arab News reports. Mohamed Mahdy of Egypt won the Adult Single Image Category, Barakat Khaled of Egypt the Youth Category and Fatima Shbair of Palestine the Photo Documentary Category. They beat out 19k entries across their categories in the 7th iteration of […]

Posted inTHE MARKETS YESTERDAY

BY THE NUMBERS

EGP / USD CBE market average: Buy 17.8371 | Sell 17.9379 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.80 | Sell 17.90 EGX30 (Monday): 13,753 (+0.3%) Turnover: EGP 565 mn EGX 30 year-to-date: +11.4% THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 0.3%. CIB, […]

Posted inCALENDAR

26 July (Wednesday): “The implementation of the New Urban Agenda in Egypt” United Nations Information Center and UN Habitat seminar, Grand Nile Tower Hotel, Garden City, Cairo. 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. 26 […]

Posted inON THE HORIZON

On the horizon

The House of Representatives’ Health Committee will meet in August to discuss a possible second round of med price increases for 2017, according to Al Borsa. MPs will review Health Ministry report on pricing that has yet to be made public and that is believed to recommend raising the prices of some 1,320 meds out […]

Posted inSpeed Round

Al Mal leaks amendments to banking acts

Purported amendments to the banking and central banking acts have leaked: Al Mal has published its take on what it says are leaks of the most important planks of the Central Bank of Egypt’s proposed amendments to the banking and central banking acts. It says there are five major surprises in the proposed amendments: Imposing […]

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