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General Electric is proposing a number of investments and expansions in Egypt’s railways, Al Masry Al Youm reports. The proposals aim to increase the network’s capacity, improve the service, and potentially add more train cars. The proposals came during GE’s President and CEO for North East Africa Ayman Khattab with Prime Minister Sherif Ismail and […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
Banque Misr, Blom Bank raise interest rates
Banque Misr and Blom Bank have raised interest rates on loans and certificates of deposit following the CBE’s decision to hike rates by 200 bps last week, Al Shorouk reports. Blom Bank increased interest on short-term CDs by a maximum of 200 bps, and is studying doing the same for long-term CDs, the bank’s managing […]
Posted inBanking + Finance
Euronet aims to invest EGP 400 mn in Egypt by end of 2018
Euronet Worldwide is aiming to invest EGP 400 mn in Egypt by the end of 2018, the company’s sales director for the Middle East and North Africa Mohamed Farouk said, Al Shorouk reports. Farouk said the company is currently in talks with an unnamed Egyptian bank to operate its ATMs and issue its credit cards. […]
Posted inNational Security
Four security officers killed in Sinai attacks
Three soldiers were killed by Islamist militants who bombed their armored vehicle in North Sinai’s Rafah, Reuters reports. Separately, a policeman was killed by gunmen in Arish while he was shopping, the newswire adds.
Posted inNational Security
Ikhwan Supreme Guide Badie, 50 others placed on terror list
A decision to place Ikhwan supreme guide Mohamed Badie and 50 other members of the organization on a terror list for three years was published in the Official Gazette on Saturday, Al Masry Al Youm reports.
Posted inON YOUR WAY OUT
Walt Mossberg has retired
The guy who practically invented tech journalism for non-geeks has retired. Walt Mossberg has penned his last column. His parting thought: We’re in a period of tech stagnation right now, but we’ll soon undergo an “ambient computing” revolution that’s going to stick computers and sensors in just about everything — and raise some really uncomfortable […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0259 | Sell 18.1288 EGP / USD at CIB: Buy 18.00 | Sell 18.10 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Thursday): 13,094 (+1.6%) Turnover: EGP 1.0 bn (40% below the 90-day average) EGX 30 year-to-date: +6.1% THE MARKET ON THURSDAY: The EGX30 ended […]
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. 07-09 June (Wednesday-Friday): 19th Annual Africa Energy Forum, Copenhagen, Denmark. 11 June (Sunday): Egyptian Private Equity Association’s annual Sohour, Four Seasons Hotel Nile Plaza, […]
Posted inWhat We're Tracking Today
What we’re tracking on 25 May 2017
Everyone is banning everyone else’s media outlets this morning, from Egypt (targeting pro-terror and alleged Islamist-leaning sites) to the GCC (where everyone — for a change —joined us in beating on the statelet that calls itself ‘Qatar’). We have coverage in Last Night’s Talk Shows and Speed Round. President Abdel Fattah El Sisi will meet […]