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Israel’s contractual approval of Germany’s sale of submarines to Egypt was required in order for ThyssenKrupp to complete the agreement with Egypt, document obtained by Yedioth Ahronoth showed. This is causing a controversy in Israel as Prime Minister Benjamin Netanyahu had denied responsibility for “approving” the sale and said it was not Israel’s decision. As […]
Author Archives: enterpriseam admin
Posted inNational Security
Egypt inaugurates new base in Matrouh
President Abdel Fattah El Sisi inaugurated a new military base in Matrouh Governorate named after Egypt’s first president Mohamed Neguib on Revolution Day, the Associated Press reports.
Posted inON YOUR WAY OUT
Patents awarded in 2016 down by 4.7% y-o-y, 83.8% awarded to foreigners
The number of patents awarded by the Egyptian Patents Office in 2016 decreased by 4.7% year-on-year to 450, Al Masry Al Youm reports citing CAPMAS. 83.8% of the patents awarded were to foreigners, with US citizens topping the list with 105 patents. Patent filings increased by 4.2% y-o-y in 2016 to 2,197. The Egyptian Trademarks […]
Posted inON YOUR WAY OUT
Al Azhar to set up religious edict booths in the Metro
Al-Azhar is setting up religious edict booths in the Cairo Metro as a measure to combat extremist ideology, the Associated Press reports.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8335 | Sell 17.9341 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.80 | Sell 17.90 EGX30 (Thursday): 13,715 (+0.1%) Turnover: EGP 741 mn EGX 30 year-to-date: +11.1% THE MARKET ON THURSDAY: The EGX30 ended Thursday’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. 26 August (Saturday): 27th Egyptian-Jordanian Joint Higher Committee meeting, Amman Jordan. (TBC). 02-05 September (Saturday-Tuesday): Eid Al-Adha, national holiday (TBC). 13 September (Wednesday): EIB MED Conference: Boosting investments […]
Posted inWhat We're Tracking Today
What we’re tracking on 20 July 2017
Rumors popped out yesterday that the amendments to the Central Bank and Banking sector acts could see the return of nine-year term limits for banking sector managing directors. The amendments to the acts were discussed quite heavily yesterday, with the government having to urge calm (we have more in the Speed Round). At this point, […]
Posted inON THE HORIZON
On the horizon
House Health Committee to meet in August to discuss med price increases: The House of Representatives’ Health Committee plans on convening next month to discuss whether or not med prices will be moved a second time this year, sources tell Al Borsa. The Health Ministry had promised in January — when it issued the first […]
Posted inEnterprise+: Last Night’s Talk Shows
Nothing to see here, folks
Nothing to see here, folks, as our talk shows coverage is back on hiatus.