Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Telecom Egypt is borrowing up to EGP 13 bn to upgrade its infrastructure and mobile internet services, CEO Ahmed El Beheiry tells Reuters in a piece with scant details.
Author Archives: enterpriseam admin
Posted inNational Security
Ka-52K agreement signals Russian return to Egyptian market, takes market away from US, expert says
The purchase of Ka-52K helicopters from Russia signals a large-scale return of Russian military orders to the Egyptian market, Russian military expert Viktor Litovkin tells Sputnik. “We are cutting off a large piece of the Egyptian market from the Americans,” Litovkin says, explaining that Russia will also be supplying Egypt with air defense systems like […]
Posted inON YOUR WAY OUT
5,000 Muslims hold prayers in Old Cairo on Laylat Al Qadr
5,000 Muslims praying in Old Cairo’s Amr Ibn Al Aas mosque in the last days of Ramadan on what is believed to have been Laylat Al Qadr were captured in a photo gallery by Hamada Elrasam for VOA. The mosque — the first to be built in Egypt and Africa — is a favorite for […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0400 | Sell 18.1397 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Wednesday): 13,396 (-0.2%) Turnover: EGP 1.0 bn (37% below the 90-day average) EGX 30 year-to-date: +8.5% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
06 July (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 June 2017
The House of Representatives approved the FY2017-18 budget yesterday, including the new subsidy increases adopted on Tuesday (we have more in Speed Round, below). The news came at the tail end of a marathon sprint to the finish-line by MPs which saw them vote on key legislation. Our elected representatives are heading off on break […]
Posted inON THE HORIZON
On the horizon
Final Dabaa contracts to be signed on 30 June? The drafting the four contracts for the USD 30 bn Dabaa nuclear power plant is now complete and the contracts could be signed during the upcoming celebration of the 30 June Revolution, an Electricity Ministry source tells Youm7. According to the source, the only thing pending […]
Posted inEnterprise+: Last Night’s Talk Shows
No one had time for the talking heads last night.
Our coverage of the nation’s talk shows will be back after the Eid break, when the hosts return from their Ramadan exile and our brains are assaulted once more by their unmitigated brilliance instead of the Holy Month’s wretched take on what qualifies as “entertainment.”
Posted inSpeed Round
House signs off on budget in record timing
In a dash to get to Eid break, the House has signed off on the budget in record time: The House of Representatives broke a legislative land speed record on Wednesday when it signed off on the Ismail government’s EGP 1.206 tn budget for FY2017-18 after only two rounds of debate on the floor of […]