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Egypt was ranked 161 out of 180 in Reporters Without Borders’ 2017 World Press Freedom Index, dropping two positions from last year’s ranking. Egypt has detained as many as 24 journalists and has entered the index “black zone,” North American director for Reporters Without Borders Delphine Halgand said during a conversation with the Washington Post […]
Author Archives: enterpriseam admin
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0388 | Sell 18.1418 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Wednesday): 12,671 (+0.7%) Turnover: EGP 1.0 bn (9% BELOW the 90-day average) EGX 30 year-to-date: +2.6% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
26-27 April (Wednesday-Thursday): Corporate Governance Case Study Workshops by the Egyptian Private Equity Association and IFC. 27 April (Thursday): Shalakany law firm’s VAT & the New Taxation Landscape conference, Nile Ritz Carlton, Cairo. 28-29 April (Friday-Saturday): Pope Francis visits Cairo. 30 April - 11 May (Friday-Monday): IMF delegation visit to Egypt to assess economic reforms. […]
Posted inWhat We're Tracking Today
What we’re tracking on 26 April 2017
The Ismail government owns the news agenda this morning as the private sector took yesterday off to observe Sinai Liberation day. We saw great three-part harmony from Finance Minister Amr El Garhy, Investment Minister Sahar Nasr and Tourism Minister Yehia Rashed. Nasr is in the early days of a global campaign to promote investment to […]
Posted inON THE HORIZON
On the horizon
Egyptian business community heads to DC to knock on doors in the halls of Congress. One of us is headed off to the United States shortly, where we’ll be covering the American Chamber of Commerce’s annual Door Knock mission to the US. C-suite officers and other top execs from AmCham members will descend on the […]
Posted inEnterprise+: Last Night’s Talk Shows
Youth complain too much, says Adib; House may extend debate on judicial code amendments; Changes to Al Azhar might be coming
It was another mixed bag on the airwaves last night, with the Youth Conference in Ismailia being the most talked about topic. (We have more on President Abdel Fattah El Sisi’s remarks there in Speed Round, below). Kol Youm’s Amr Adib (being especially insightful last night) noted how today’s youth have inherited their parents’ sense […]
Posted inSpeed Round
Sahar Nasr pitches new investment climate in the US
Egypt is open for business. That’s the message Investment and International Cooperation Minister Sahar Nasr plugged in an interview with Bloomberg's David Westin (watch, runtime 4:29). "We're rebranding Egypt, improving the business environment, and making sure that more investments come in from the US and other partnering countries," she said. The new Investment Act now […]
Posted inSpeed Round
Egypt to develop new markets for tourism create new offerings, Rashed says
Terror attacks targeting Egypt of late are no different than those that have taken place in London and Paris, Tourism Minister Yehia Rashed told Reuters, adding that “these things happen.” “I think it's proven [that] Egypt is secure. It is safe and tourism is back,” Rashed said on the sidelines of the Arabian Travel Market […]
Posted inSpeed Round
El Sisi attends third monthly youth conference in Ismailia
President Abdel Fattah El Sisi touched on the economy and social issues at the third National Youth Conference, which kicked off in Ismailia yesterday. El Sisi reaffirmed the importance of the government’s “difficult but necessary” economic reform program. He said that the state is working on creating more job opportunities to improve unemployment rates and […]