The Council of State plans on sending draft legislation to the House of Representatives this month that will allow the Finance Ministry to serve as guarantor for state companies in loan agreements with local and international banks and funding institutions, a top Finance Ministry official tells Al Shorouk. Progress on a number of Egyptian Electricity […]
Author Archives: enterpriseam admin
Government to announce raises for state employees on Labor Day
The government is planning to announce raises for state employees across the board by 1 May (Labor Day), a top official tells Al Shorouk.
Military Chief of Staff Mahmoud Hegazy meets with UK Deputy Chief of Defense Staff
Armed Forces Chief of Staff Mahmoud Hegazy met with the UK’s Deputy Chief of Defense Staff Mark Carleton-Smith in Cairo yesterday to discuss military cooperation between the two countries, Al Mal reports.
New CAF president thanks Egypt for his position
The newly-elected president of the Confederation of African Football (CAF) Ahmad Ahmad thanked Egypt for its “important role” in the elections, Ahram Online reports. The Egyptian Competition Authority’s probe into Issa Hayatou right before CAF elections undoubtedly played a role in the latter’s demise.
Egyptian startup claims it can make people avoid roaming charges
Egyptian startup Voxera aims to allow travelers to make phone calls using local rates and dodge roaming charges. “The user puts his or her SIM card into the device, connects it to Internet, leaves it at home and travels. Then, he or she needs to download the Voxera application, find any stable wifi connection and […]
NRJ FM to open in Cairo
Cairo has a new radio station… NRJ FM is about to launch in Cairo, A Digital Boom’s Ahmed Maher writes. The station will offer 22 programs targeting a young audience.
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0056 | Sell 18.1079 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Tuesday): 13,264 (+1.5%) Turnover: EGP 1.2 bn (44% ABOVE the 90-day average) EGX 30 year-to-date: +7.4% THE MARKET ON TUESDAY: The EGX30 ended […]
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 […]
What we’re tracking on 04 April 2017
The only thing anyone is talking about this morning: President Abdel Fattah El Sisi’s visit to Washington, DC, which included a sit-down in the Oval Office yesterday. The only thing you need to know about that: It went very, very well from the point of view of both leaders. According to a readout from the […]