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Judges Club heads from across the country agreed to resign the fate of the controversial amendments to the judicial code adopted by Parliament to President Abdel Fattah El Sisi, AMAY reports. The Club’s 22 branch leaders, who met in Cairo on Wednesday to coordinate a joint response, issued a statement objecting to the amendments — […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Ikhwan strongman Khairat El Shater sentenced to 15 years on wiretapping charges
A military court sentenced Ikhwan strongman and deputy leader Khairat El Shater to 15 years in prison on Wednesday on charges of wiretapping government offices ahead of the 2012 presidential elections, Al Shorouk reports.
Posted inNational Security
Military Chief of Staff Mahmoud Hegazy meets with ARCENT commander
Armed Forces Chief of Staff Mahmoud Hegazy met with Lt. Gen. Michael Garrett, commander of the US Army Central (ARCENT) in Cairo yesterday to discuss military cooperation between the two countries, Al Shorouk reports.
Posted inON YOUR WAY OUT
Social Solidarity Ministry to cut car owners out of its welfare payment programs
Car owners may soon be ineligible for welfare payments under the government’s Takaful and Karama programs, a government officials tells Youm7. We noted earlier this month that the ministry had already eliminated some 72,000 moochers from the programs.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0794 | Sell 18.1841 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Wednesday): 12,988 (0.0%) Turnover: EGP 762 mn (135% above the 90-day average) EGX 30 year-to-date: +5.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced Development of Siwa Oasis International Tourism Conference, Siwa Oasis. 30 March (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 31 March - 03 April (Friday-Monday): Cityscape Egypt Exhibition, Cairo International Convention Center, Cairo. Register here. 03-06 April (Monday-Thursday): Agri & Foodex […]
Posted inWhat We're Tracking Today
What we’re tracking on 29 March 2017
Some good news to start your morning: Thomas Cook says there are early signs tourists are returning to Egypt, Reuters reports. The tour operator expects to hit its full-year operating targets and says “after a slow start to the season and a tough year in 2016, we're seeing early signs that customers are beginning to […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
If you’re filing taxes as a private citizen, you need to submit your tax return before the end of the week: The Tax Authority said it is extending its working hours to 8 pm nationwide until the end of the week. The head of the authority says the extension is to make it easier for […]
Posted inON THE HORIZON
On the horizon
The return of private-sector owned and run free zones is still on the table. The House Economic Committee is holding a final session next week with representatives from the business community to discuss the potential return of privately owned free zones, Al Borsa reports. The committee had announced last week that the return might be […]