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Egypt received the third shipment of three Rafale fighters from France as part of a EUR 5.2 bn contract signed in 2015 on Wednesday, Reuters reports. Under the contract, France is to deliver a total of 24 Rafale jets, a Fremm naval frigate and MBDA air-to-air missiles.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Ahmed Moussa skirts six-month jail time
So close and yet so far: In a wiggle worthy of the reptile that he is, Ahmed Moussa has managed to skirt a six month suspended prison sentence for airing a private phone call between former Egyptian vice president Mohamed ElBaradei and former army Chief of Staff Sami Anan, Ahram Online reports.
Posted inON YOUR WAY OUT
Traffic jams push up Egyptians’ fuel consumption approximately 30% each year
Traffic jams push up Egyptians’ fuel consumption approximately 30% each year, House Energy and Environment Committee member El Sayed Hegazy tells Youm7. Hegazy says the state is just as responsible for these traffic jams as Egyptians’ (awful) driving habits, and calls for harsher punishments and increased fines for traffic law violations.
Posted inON YOUR WAY OUT
How did we come to this?
How did we come to this? Suez Canal University is investigating English Lit professor Mona Prince for “inappropriate” behavior, after a two-minute video of her dancing on the roof of her own home went viral on Tuesday, Ahram Online says.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.9715 | Sell 18.0753 EGP / USD at CIB: Buy 18.00 | Sell 18.10 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Wednesday): 13,290 (+0.2%) Turnover: EGP 1.3 bn (10% above the 90-day average) EGX 30 year-to-date: +7.7% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
03-06 April (Monday-Thursday): Agri & Foodex Africa, Khartoum International Fair Ground, Khartoum, Sudan. 08-10 April (Saturday-Monday): Pharmaconex, Cairo International Convention Center, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on Wednesday, 5 April 2017
Something to give you pause on what seems, after a four IPO day yesterday, like a slow news morning: The FT’s Martin Wolf is afraid that China’s economy could “unleash global mayhem.” Look for more of the same in the headlines as US President Donald Trump caps a busy foreign policy week by hosting Chinese […]
Posted inWhat We're Tracking Today
Build your own Ferrari
Want to waste a few minutes / hours at your desk while your underlings (or boss) aren’t looking? Top Gear is recommending you head on over to the Ferrari website and start building your own Ferrari 812 Superfast. Our taste in automobiles may run to boxy Jeeps and vintage Corvettes, but … wow.
Posted inON THE HORIZON
On the horizon
Importers upside down after the float are still looking for relief: Companies with pre-float LCs and demand loans worth more than USD 5 mn will meet with the Union of Egyptian Investors Associations (UEIA) on Sunday, 9 April to discuss relief and payment schedules, Al Borsa reports. The UEIA is lobbying the CBE to give […]