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Taking Arab cultural pride to new heights: MP Badr Abdel Aziz is preparing legislation that would penalize Egyptian parents who give their children “Western” names, Egypt Independent reports. His logic is based on the idea that names like Lara, Mark, and Sam are not connected to Egyptian or Arabic culture, and that using these names […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
GAFI to establish government promotion company after Investment Act’s executive regulations are issued
The General Authority for Free Zones and Investment (GAFI) is waiting for the executive regulations to the Investment Act to be issued before pressing ahead with establishing a government promotion company, GAFI head Mohamed Khodeir tells Al Borsa.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0391 | Sell 18.1429 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Sunday): 12,974 (+0.2%) Turnover: EGP 690 mn (40% below the 90-day average) EGX 30 year-to-date: +5.1% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
22-23 May (Monday-Tuesday): North Africa Mobile Network Optimisation Conference, Cairo. 27 May (Saturday): First day of Ramadan (TBC). 07-09 June (Wednesday-Friday): 19th Annual Africa Energy Forum, Copenhagen, Denmark. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. 15-19 July (Saturday-Wednesday): SSIGE’s GeoMEast 2017 International Congress and Exhibition, Sharm El Sheikh. 23 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 May 2017
The Central Bank of Egypt’s Monetary Policy Committee will hold a rare Sunday meeting today to discuss interest rates. Analysts see the Central Bank leaving rates unchanged, despite the IMF suggesting that they’re an “appropriate tool” to cool inflation. Standard Chartered agrees, according to the Wall Street Journal’s weekly frontier column, which notes, “Standard Chartered […]
Posted inWhat We're Tracking Today
Fidget spinners and Ramadan soaps — what could be worse?
Move over, slime: Fidget spinners are all the rage among the kiddies — pre-teens inparticular. A Forbes contributor looks at the “science” behind them, while Business Insider has a psychologist on to debunk the notion that the things are a treatment for ADHD. CNN helpfully explains that “Adults don't get it, and that's the point,” […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
CIT Minister at the House for budget talks: The House of Representatives’ Communications Committee will be meeting with CIT Minister Yasser El Kadi this week to discuss the FY2017-18 budget, Al Borsa says. Serbian and Bulgarian business delegations are expected to visit Cairo “in the coming period,” Canadian-Egyptian Business Council chairman Moataz Raslan said, Al […]
Posted inON THE HORIZON
On the horizon
Preparations are underway to hold an Egyptian-German Business Forum in the first half of June in Berlin, Trade Minister Tarek Kabil said on Saturday, Al Borsa says.
Posted inEnterprise+: Last Night’s Talk Shows
Kabil on manufacturing and consumption, El Adly still MIA, Downtown Cairo about to get really, really crowded
The airwaves had little of interest to offer on what was the slowest news day in 2017 to-date. Amr Adib had a chat with Trade Minister Tarek Kabil about factories that closed down after the 2011 uprising (watch, runtime 3:07). Kabil also spoke to Adib about domestic consumption patterns of late and explained that ready-made […]