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President of Russia’s United Aircraft Corporation Yuri Slyusar confirmed that Egypt will begin receiving MiG-29 fighters this year, according to TASS. There has been speculation earlier this month that Russia has already begun delivering the fighter jets to Egypt as part of the agreement to deliver 50 MiG-29 Fulcrum multirole fighters by 2020. “Implementation of […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Zahi Hawas appointed global cultural heritage ambassador
Egypt’s eternal Antiquities Minister and patron saint of tour guides Zahi Hawas has been appointed as the UN International Federation for Peace and Sustainable Development’s global cultural heritage ambassador, Egypt Independent reports.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0206 | Sell 18.1221 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 12,995 (+1.2%) Turnover: EGP 898 mn (22% below the 90-day average) EGX 30 year-to-date: +5.3% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
16 April (Sunday): Coptic Easter Sunday. 17 April (Monday): Sham El Nessim, national holiday. 20 April (Thursday): Closing date for the Egyptian Mineral Resources Authority bid round number 1 for 2017 for gold and associated minerals. 22-24 April (Wednesday-Friday): Food Africa, Cairo International Convention Center, Cairo. 24-25 April (Monday-Tuesday): Renaissance Capital’s Egypt Investor Conference, Cape […]
Posted inWhat We're Tracking Today
What we’re tracking on 11 April 2017
A nation in mourning began burying yesterday the victims of Sunday’s church bombings. “Women wailed as caskets marked with the word ‘martyr, were brought into the Mar Amina church in the coastal city of Alexandria on Monday, the footage broadcast on several Egyptian channels. Coptic priests, boy scouts, and mourners carrying flowers joined a procession […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Extra T-bill sales this week: Egypt will hold several treasury bill sales this week to compensate for auctions originally scheduled to take place during next week's Easter holiday, when banks will be closed, Reuters reports. The auctions will include 182-day and 364-day bills on Wednesday and 91-day and 273-day bills on Thursday as well as […]
Posted inEnterprise+: Last Night’s Talk Shows
Identity of the attackers among the most discussed topics last night
The aftermath of Palm Sunday’s church attacks dominated last night’s talk shows as thenames of suspects began to surface and tightened security measures came into effect. Kol Youm’s Amr Adib named Ashraf Ragab as one of the attackers and spoke to hisbrother, who said his sibling was being wrongly accused by Al Watan newspaper of […]
Posted inSpeed Round
Inflation rates show signs of cooling
Inflation is showing signs of cooling: You may now breathe a (tentative) sigh of relief. Consumer price inflation cooled again in March, standing at 2.0% month-on-month compared to February. M-o-m inflation was 2.63% in February and 4.07% in January. The annualized rated accelerated to 30.9%, up from 30.2% in February, its slowest gain in five […]
Posted inSpeed Round
Reaction to state of emergency
The Ismail cabinet approved the imposition of a three-month state of emergency starting from 1:00 pm yesterday,reacting to a move by President Abdel Fattah El Sisi on Sunday. In accordance with the constitution, the decision must now be signed off by the House of Representatives within seven days. House Speaker Ali Abdel Aal invited Prime […]