A committee from the justice and communication ministries has started reviewing the Cyber Crimes Act, MP Kamal Amer said on Monday, according to Al Mal. The legislation will attempt to regulate crimes related to the internet and social media and will be sent to cabinet once the review concludes.
Author Archives: enterpriseam admin
Egyptian, French navies conducting military exercise
Egyptian and French navy forces are conducting a joint military training under the name “Cleopatra 2017” in Egypt’s Mediterranean and Red Sea waters, according to a statement from the Armed Forces. France and Egypt’s Mistral helicopter carriers, as well as a number of frigates, rocket launchers, and Egyptian F-16 helicopters, will be used in the […]
Egypt, Russia to hold joint paratrooper drills
An Egyptian military delegation visiting Russia reached an agreement for the two countries to hold joint paratrooper drills during the third quarter of the year, Russian news agency TASS reports. The drills will be held in Russia, but the exact date and procedures of the exercises have yet to be determined, according to the Russian […]
Environment Ministry releases 40 sea turtles into the Mediterranean to reduce jellyfish population
The Environment Ministry has released 40 sea turtles, which prey on jellyfish, into the Mediterranean Sea to counteract the recent rise in the number of jellyfish, head of the ministry’s North District Protectorates division Mohamed El Essawi said, Al Shorouk reports. Some experts have said that the increase in jellyfish is due to the overfishing […]
Security sources deny targeting of Uighur students in Egypt
Reports that Uighur Chinese students studying in Egypt have been arrested and deported en masse are false, Daily News Egypt reports a security source told the MENA news agency.
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.8362 | Sell 17.9368 EGP / USD at CIB: Buy 17.85 | Sell 17.95 EGP / USD at NBE: Buy 17.82 | Sell 17.92 EGX30 (Monday): 13,483 (+1.1%) Turnover: EGP 1.1 bn (32% below the 90-day average) EGX 30 year-to-date: +9.2% THE MARKET ON MONDAY: The EGX30 ended […]
13-15 July (Thursday-Saturday): AGRENA’s 19th Annual Poultry, Livestock, and Fish show, Cairo International Convention Center, Cairo. 15-19 July (Saturday-Wednesday): SSIGE’s GeoMEast 2017 International Congress and Exhibition, Sharm El Sheikh. 23 July (Sunday): Revolution Day, national holiday. 03-05 August (Thursday-Saturday): Watrex Expo Middle East, Cairo International Exhibition & Convention Center. 17 August (Thursday): Central Bank of […]
What we’re tracking on 10 July 2017
It was an excruciatingly slow news day yesterday, but most importantly… The sky did not fall yesterday: Egyptian stocks witnessed a 0.2% drop on Sunday, the first day of trading sincethe Central Bank announced a 200 bps increase in interest rates — a far cry from the 2.5% slip following last May’s interest rate hike […]
What we’re tracking this week
Egypt’s investment roadmap will be available for viewing in a few days’ time on the Investment and International Cooperation Ministry’s official website, according to Minister Sahar Nasr. She had previously said that the plan will be regularly updated but currently contains 600 investment opportunities concentrated mostly in New Valley, Fayoum, and Qena. We’re expecting to […]