Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Israeli tourists are still flowing into Egypt despite a travel warning over security concerns, Independent reports. Travel agencies in Tel Aviv and Eilat are continuing to sell trips to the region and a sales agent confirmed there is still interest in visiting Egypt. The travel warning had urged Israelis in Sinai to leave immediately last […]
Author Archives: enterpriseam admin
Posted inTourism
Rixos Sharm El Sheikh ranked second-best hotel worldwide in Russian ranking
Rixos Sharm El Sheikh was ranked as the second-best hotel in a list of the top hotels worldwide from Russian hotel directory TopHotels, with an overall rating of 4.92/5.00. Atlantis Hotel in Dubai’s Palm Jumeirah landed in first place with a perfect score.
Posted inTelecoms + ICT
TE expects 4G spectrums to be available before the end of June
Telecom Egypt (TE) expects to have 4G frequencies ready before the end of June, CEO Maged Othman told reporters on Friday, according to Al Shorouk. CIT Minister Yasser El Kady had said previously that he expects 4G spectrums to be fully available by May.
Posted inAutomotive + Transportation
Jetta back in Egypt within weeks
The Egyptian Automotive and Trading Company (EATC) imported 100 Jetta cars pending discharge at Alexandria Port, Executive director Karim Naggar tells Al Mal. EATC withdrew Volkswagen’s Jetta from Egypt two years ago after its manufacturing moved from Europe to Mexico, which stripped it from tax and custom breaks, according to sources.
Posted inBanking + Finance
EG Bank to lend UEEPC EGP 2 bn
The Upper Egypt Electricity Production Company (UEEPC) will borrow EGP 2 bn from EG Bank to finance the maintenance and development of its power stations, Al Borsa reports. The bank will provide tranches in EGP, USD, and EUR, and the first USD 50 mn tranche is set to be disbursed this week, according to UEEPC […]
Posted inOther Business News of Note
Egyptian cotton will now be verified by Bureau Veritas
Egyptian cotton will now be verified by Bureau Veritas under a five-year agreement with Cotton Egypt Association. Bureau Veritas will provide conformity assessment services to verify that the materials are traceable to confirmed lots of true Egyptian Cotton at any stage of production. It will provide facility audits, retail surveillance, and manage information through a […]
Posted inON YOUR WAY OUT
Number of Syrian refugees passes five mn mark
The number of Syrian refugees passed the five mn mark, according to the UN’s refugee agency UNHCR. The international community needs to do more to help Syrian refugees, said Filippo Grandi, the United Nations High Commissioner for Refugees. “We still have a long road to travel in expanding resettlement and the number and range of […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0835 | Sell 18.1882 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Thursday): 12,995 (+0.1%) Turnover: EGP 1.1 bn (151% above the 90-day average) EGX 30 year-to-date: +5.3% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
31 March - 03 April (Friday-Monday): Cityscape Egypt Exhibition, Cairo International Convention Center, Cairo. Register here. 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. […]
Posted inWhat We're Tracking Today
What we’re tracking on 30 March 2017
It’s MPC day: Expect the central bank’s monetary policy committee to keep interest rates on hold when it meets later today. 14 out of 15 economists surveyed by Reuters expects the bank will hold overnight deposit rates at 14.75% and overnight lending rates at 15.75%. Pharos Holding’s Ramy Oraby also expects the MPC to keep […]