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An Egyptian anti-doping committee said five weightlifters, including three women, tested positive for banned substances during a championship in March and have been temporarily suspended pending an investigation, Reuters reports. The committee’s report comes at the heel of a report from the International Weightlifting Federation (IWF) that another five weightlifters, including two 14-year-old girls, also […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
General Investment Authority launches hotline for investor inquiries
The Investment Ministry has launched a hotline (16035) to respond to investors’ inquiries and complaints. The hotline, run by GAFI’s communications center, will be open from 8 am until 8 pm.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0418 | Sell 18.1409 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Thursday): 13,479 (-0.2%) Turnover: EGP 1.2 bn (39% below the 90-day average) EGX 30 year-to-date: +9.2% THE MARKET ON THURSDAY: The EGX30 Thursday’s […]
Posted inCALENDAR
26 May-23 June (Friday-Friday): Window for firms to submit expressions of interest to the European Bank for Reconstruction and Development for consulting on Egypt’s oil and gas sector reform, London, UK. 22 June (Thursday): Nile Summit scheduled to be held in Uganda. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. […]
Posted inWhat We're Tracking Today
What we’re tracking on 16 June 2017
We’re nursing carbohydrate-induced hangovers this morning after the rare pleasure of an outstanding corporate iftar (thank you, Ovio, and your ridiculously good Turkish menu) followed by our first sohour with friends in approximately 1 bn years. So forgive us if we try to keep it somewhat brief this morning. Speaking of friends: It’s an equally […]
Posted inWhat We're Tracking Today
CORRECTION- EGX head will be limited to two four-year terms
CORRECTION- President Abdel Fattah El Sisi’s decree that regulates the governance of the EGX specified that the chairmanship and vice-chairmanship are set at four-year terms that could be renewed only once. We mentioned incorrectly in yesterday’s email that the positions were capped at single-term limits. The entry has been corrected on our website.
Posted inON THE HORIZON
On the horizon
The House general assembly will debate the FY2017-18 budget on 19-22 June now that its Budget Committee has concluded its review, Vice Minister of Finance Mohamed Maait said on Wednesday, according to Al Borsa. The House must vote on the budget before the current fiscal year ends on 30 June. This last minute scramble to […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 15 June
The airwaves had little of interest to offer last night, which is a good thing too, as we all smurfed out and still suffering our carbohydrate hangover.
Posted inSpeed Round
CBE lifts restrictions on USD bank transfers abroad
The central bank has officially scrapped all caps placed on bank transfers abroad. The central bank instructed that all restrictions on transfers to bank accounts abroad be removed starting from yesterday, but noted that banks must maintain their regular know-your-customer (KYC) protocols. Since January, the central bank had been imposing a cap of USD 100k […]