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It appears that Egypt has begun receiving the first of its Mikoyan MiG-29 order from Russian arms exporter Rosonboronexport, with images of the aircraft being used by the Egyptian Air Force emerging, according to Quwa Defense News & Analysis Group. Delivery of the 50 planes is expected to be completed by 2020.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
New pyramid remains discovered
Egyptian archeologists discovered the remains of what is believed to be a 3,700-year old pyramid, The Associated Press reports. The remains were found north of King Sneferu’s bent pyramid in the Dahshur royal necropolis, Ancient Egyptian Antiquities Sector head Mahmoud Afifi said in a statement. “Due to the bent slope of its sides, the pyramid […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0638 | Sell 18.1659 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Monday): 13,061 (+1.1%) Turnover: EGP 1.3 bn (21% above the 90-day average) EGX 30 year-to-date: +5.8% THE MARKET ON MONDAY: The EGX30 ended […]
Posted inCALENDAR
03-06 April (Monday-Thursday): Agri & Foodex Africa, Khartoum International Fair Ground, Khartoum, Sudan. 04 April (Tuesday): Emirates NBD Egypt PMI reading for March announced. The report will be available here. 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 […]
Posted inWhat We're Tracking Today
What Enterprise readers expect of Egypt’s economy — 1Q2017 reader poll
The results of the 1Q2017 Enterprise Reader Survey are out. In a nutshell: You have better access to FX than in 4Q2016; Almost 40% of you say 1Q was a good time to do business in Egypt — and almost 40% of you think the opposite; Nearly 15% of your companies gave raises of 20% […]
Posted inWhat We're Tracking Today
What We’re Tracking on 3 April 2017: It’s Trump-Sisi day
President Abdel Fattah El Sisi and US President Donald Trump are set to meet today in the White House. On the agenda: Terrorism, regional security and economic ties, Al Ahram says. El Sisi is also expected to meet with a number of US officials during his five-day trip, including House of Representatives Speaker Paul Ryan, […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Two investment acts, one set of regulations; committee work done by next week? The House of Representatives’ Economic Committee expects to finalize its work on the Investment Act by mid-next week before sending the law over to a plenary session for a vote, committee member Medhat El Sherif tells Al Borsa. On Sunday, MPs received […]
Posted inON THE HORIZON
On the horizon
The House of Representatives will discuss the FY 2017-2018 budget next Monday.
Posted inEnterprise+: Last Night’s Talk Shows
President Abdel Fattah El Sisi’s trip to Washington was still the highlight of the airwaves for a second night in a row on Sunday.
President Abdel Fattah El Sisi’s trip to Washington was the highlight of the airwaves for a second night in a row. On Hona Al Asema, Lamees El Hadidi spent a busy day interviewing the ministers who joined El-Sisi in DC and was told by Foreign Minister Sameh Shoukry that the trip will definitely touch on […]