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Egyptian native Tarek Abdel Salam won a gold medal for Bulgaria at a wrestling championship on Saturday, setting off a flurry of criticism on social media against Egyptian authorities for not nurturing his talent, Ahram Online reports. Abdel Salam alleged that he faced neglect while in Egypt, and that authorities refused to pay for medical […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Ramadan mosalsalat cost EGP 2 bn
Producers spent EGP 2 bn on making and promoting “mosalsalat” for Ramadan, Al Masry Al Youm says. Adel Emam’s show during the holy month is said to have cost EGP 80 mn to produce.
Posted inON YOUR WAY OUT
Passenger threatens to blow up Cairo-bound flight from Jeddah
Security forces arrested yesterday an Egyptian man who allegedly threatened to blow up a FlyNas flight heading to Cairo from Jeddah, Al Masry Al Youm reports. The man was not carrying any weapons or explosives. The story is being noticed by the foreign press, with outlets such as the New York Times picking up Reuters’ […]
Posted inON YOUR WAY OUT
Kuwait provides KWD 300,000 to remove landmines from the North Coast
Kuwait granted Egypt KWD 300k (c. USD 985k) to assist in clearing the North Coast of Second World War landmines, Ahram Online reports. The package will feed into the second phase of the North Coast development project, through the Arab Fund for Economic and Social Development.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0332 | Sell 18.1359 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 12,934 (+0.8%) Turnover: EGP 1.0 bn (40% below the 90-day average) EGX 30 year-to-date: +4.8% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
9-11 May (Tuesday-Thursday): 2nd Egypt Oil & Gas Summit, Cairo. 10-12 May (Wednesday-Friday) The 15th Middle East & North Africa International Franchise Exhibition, AUC Downtown Greek Campus, Cairo. 10-12 May (Wednesday-Friday): RenCap's 8th Annual Pan-Africa 1:1 Investor Conference, Lagos. 11-14 May (Thursday-Sunday): Le Marché furniture expo at the state fairgrounds. 14 May (Sunday): The French […]
Posted inWhat We're Tracking Today
What we’re tracking on 09 May 2017
President Abdel Fattah El Sisi finished his trip to the GCC after flying to Bahrain yesterday for a series of talks with King Hamad bin Isa Al-Khalifa. El Sisi’s trip to Bahrain followed a two-day official visit to Kuwait, where he met Kuwait's Emir Sabah Al-Ahmed Al-Sabah and other top officials, according to Ahram Online […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Furniture expo Le Marché is set to begin on Thursday 11 May and run until 14 May. Prime Minister Sherif Ismail is reportedly heading to Britain on Wednesday along with a group of ministers for a two-day visit. Look for talks on investment and scrapping the remaining travel warnings on Egypt to feature high on […]
Posted inON THE HORIZON
On the horizon
The Central Bank of Egypt’s Monetary Policy Committee will hold a rare Sunday meeting on 21 May to discuss interest rates. The first expo highlighting Egyptian exports to Africa will be held in Nairobi, Kenya from 15-18 May, Ahram Gate reports.