Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Cab service application Ousta has expanded its services to include an on-demand courier and delivery option under a separate app, Oustaman, Disrupt Africa reports. Oustaman is currently operating in Greater Cairo, and the startup plans to expand the service to other major cities in Egypt, including Alexandria.
Author Archives: enterpriseam admin
Posted inBanking + Finance
Citigroup, EFG Hermes consultants for Al Imtiaz sale of 10% of Humansoft
Citigroup Global Markets Limited and EFG-Hermes UAE Limited were tapped by Kuwait’s Al Imtiaz Investment Group as consultants to sell a minimum stake of 10% in Kuwait-based Humansoft Holding company, Al Borsa reports. Al Imtiaz owns 20.17% in Humansoft’s shares.
Posted inEgypt Politics + Economics
Minimum pensions will reach EGP 1,220 per month by July 2021 -Social Solidarity Minister
Minimum pensions will rise to EGP 1,220 per month by July 2021, after which they will rise 10% annually, Social Solidarity Minister Ghada Wali tells Al Mal. The minimum was set last year at EGP 400 per month, with a 25% annual increase for the first five years and a 10% increase for every year […]
Posted inNational Security
First trial run for Egyptian Navy Gowind 2500 corvettes stalls
Trial runs for the first Egyptian Navy Gowind 2500 corvette launched this month by French defense manufacturer DCNS reportedly stalled due to “minor propulsion issues,” Quwa reports. ENS al-Fateh, set for delivery by year-end, is one of four Egypt ordered in 2015 as part of a EUR 1 bn contract under which three of the […]
Posted inSports
Egyptian swimmer Farida Osman becomes third-fastest woman to swim 100-yard butterfly race
Egyptian swimmer Farida Osman snatched her first-ever individual National Collegiate Athletic Association (NCAA) title, and simultaneously became the third-fastest woman to swim the 100-yard butterfly race in history, according to StepFeed. Osman, who is currently a senior at the University of California, Berkeley, beat her previous best time by 0.35 seconds, and her gold-medal-winning performance […]
Posted inON YOUR WAY OUT
People still love print books, finds startup Kotobna
Egyptian startup Kotobna says print might not be dying, and “people still love it,” Radwa Rashad writes for Wamda. Kotobna offers on-demand printing of books for a one-time USD 99 fee, which is a cheaper option for authors, who otherwise suffer from “hidden costs” associated with book distribution. Since April 2015, the startup has published […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0821 | Sell 18.1891 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Tuesday): 12,905 (-0.9%) Turnover: EGP 1.1 bn (154% above the 90-day average) EGX 30 year-to-date: +4.5% THE MARKET ON TUESDAY: 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 21 March 2017
** What are the biggest challenges facing businesses in Egypt? Were the last three months good for doing business? Where do you and your business see the exchange rate stabilizing? Help us help you find out by taking Enterprise’s quarterly reader poll for 1Q2017. The survey would only take a couple of minutes to complete […]