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The political arm of the ultra-conservative Al Jama’a Al Islamiya, the Building and Development Party, launched an initiative on Saturday calling for an end to state violence in Sinai, Daily News Egypt reports. The party’s plan would see a ceasefire and the suspension of military raids coming into effect to allow for a period of […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Former corruption auditor Hisham Genena files appeal against removal from office
Former corruption watchdog Hisham Genena filed a case yesterday with the Supreme Administrative Court to overturn a previous ruling upholding his removal as the head of the Central Auditing Organization, Al Shorouk reports.
Posted inNational Security
Navy begins joint exercises with US in Red Sea
The Egyptian and US navies began their joint exercises Eagle Salute 2017 in the Red Sea, the military announced yesterday, according to a statement from the Defense Ministry. The paper says the exercises include “planning and organising joint combat operations, both at day and night, in cooperation of air-force elements. The combat scenarios involve the […]
Posted inON YOUR WAY OUT
Tanta church bombing death toll reaches 29
Tanta church bombing death toll up to 29: Tanta’s St George Coptic Church bombing victim Victor Mina succumbed to his injuries yesterday, raising the death toll in the terror attack to 29, Al Masry Al Youm reports.
Posted inON YOUR WAY OUT
US strips Egyptian jihadist Khaled Abu Al-Dahab of his citizenship
A US federal judge stripped Egyptian native and convicted jihadist Khaled Abu Al-Dahab of his American citizenship for lying to immigration officials while applying for the citizenship, the Associated Press reports. Abu Al-Dahab served a 15-year prison sentence in Egypt for belonging to a terrorist organization and was released in 2011. This comes as a […]
Posted inON YOUR WAY OUT
Administrative Court rejects appeal to re-license Al Jazeera Mubasher Misr
The Administrative Court rejected yesterday a request to re-issue broadcast licenses for Al Jazeera Mubasher Misr, which the General Authority for Free Zones and Investment had revoked, Al Borsa reports. The channel had announced in 2014 it would cease operations.
Posted inON YOUR WAY OUT
The story of a female tahteeb instructor
Rania Medhat, the country's first female to become a certified instructor of tahteeb, “hopes tahteeb will be included as a sport in Egypt's physical education curricula like other martial arts,” Salwa Samir writes for Al Monitor.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0359 | Sell 18.1385 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Sunday): 12,544 (-2.8%) Turnover: EGP 870 mn (22% below the 90-day average) EGX 30 year-to-date: +1.6% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
22-24 April (Saturday-Monday): Food Africa, Cairo International Convention Center, Cairo. 24-25 April (Monday-Tuesday): Renaissance Capital’s Egypt Investor Conference, Cape Town, South Africa. 25 April (Tuesday): Sinai Liberation Day, national holiday. 25-26 April (Tuesday-Wednesday): MENA New Energy conference, Hyatt Regency, Dubai. 26-27 April (Wednesday-Thursday): Corporate Governance Case Study Workshops by the Egyptian Private Equity Association and […]
Posted inWhat We're Tracking Today
What we’re tracking on 23 April 2015
President Abdel Fattah El Sisi is in Saudi Arabia today to meet with King Salman and tie a bow around the revitalized relationship between Cairo and Riyadh. The two are expected to discuss a basket of bilateral issues, with the fight against terror figuring heavily, the local press reports. The last time the two heads […]