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Egypt’s building materials exports grew by a record 478% y-o-y in January to EGP 7.68 bn thanks largely to the effects of the EGP float, Building Material Export Council Chair Walid Gamal El Din tells Al Mal. Egypt’s participation in international expos and trade shows has also been good for business, he adds, and the […]
Author Archives: enterpriseam admin
Posted inNational Security
16 members of security forces killed in Sinai over the weekend
Four soldiers were killed on Saturday when an explosion hit their armored vehicle in north Sinai, Reuters reports. This follows the death of 12 security forces personnel on Thursday by a roadside bomb in pursuit of suspected militants, Armed Forces spokesperson Tamer El Rifai said, according to the Associated Press.
Posted inON YOUR WAY OUT
Hassan Fathy’s birthday celebrated by Google
Google celebrated Egyptian architect Hassan Fathy on what would have been his 117th birthday with a Doodle on its homepage on Thursday “for pioneering new methods, respecting tradition, and valuing all walks of life.”
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0838 | Sell 18.1894 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Thursday): 13,032 (+1.2%) Turnover: EGP 1.1 bn (146% above the 90-day average) EGX 30 year-to-date: +5.5% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
29 March (Wednesday): First Time SME Equity Fund Managers in Egypt Opportunities and Challenges seminar, Marriott Zamalek Hotel, Cairo. 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 - […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 March 2017
It’s a slow news day in Egypt and around the world. Journalists are preoccupied with yesterday’s terror attack outside the UK parliament in London, which killed five and injured at least 40 (coverage in Speed Round, below), and suggestions that US intelligence may have “incidentally” picked up communications of the Trump transition team. Ban on […]
Posted inON THE HORIZON
On the horizon
AmCham is hosting an investment conference on Tuesday, 28 March with a keynote address from Investment Minister Sahar Nasr and panels on investing in consumer sectors, private equity and real estate. The very bright Ahmed Kouchouk, deputy minister of finance, is also due to speak. The event runs 9am-4pm at the Cairo Marriott. Non-members can […]
Posted inEnterprise+: Last Night’s Talk Shows
Adib back on TV, metro fare hikes raising concerns, terrorist attack on London, red tape stifling growth in tourism
We’re pleased to report that Amr Adib is back on the screen and was as boisterous as ever. He took the time to thank his fans for their well wishes during his convalescence (watch, runtime: 17:42). Adib powered through an hour-long interview with Lebanese Prime Minister Saad Al Hariri,who spoke about improving political conditions in […]
Posted inSpeed Round
Will metro ticket prices be hiked after all?
The Ismail Cabinet has apparently given preliminary approval to doubling the cost of a Cairo Metro ticket, with fares likely to riseto EGP 2 from EGP 1, Al Masry Al Youm reports, citing an unnamed government official. Cabinet tasked Transportation Minister Hisham Arafat with the daunting task of selling the idea to House of Representatives’ […]