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Egypt and China signed an agreement to conduct a feasibility studies for the USD 64 mn NileSat phase two project, Al Masry Al Youm reports. China will provide a USD 23 mn grant to establish a Satellite Assembly, Integration and Test Centre as part of the project. Another agreement was signed for a USD 7 […]
Author Archives: enterpriseam admin
Posted inTelecoms + ICT
Global Telecom completes USD 60 mn payment to Atheer
Global Telecom Holding (GTH) paid Atheer Telecom Iraq the USD 60 mn indemnity that an English High Court found it liable of in February, the company’s IR director Alaa Tayeh tells Al Mal. Both GTH and Orascom Telecom Iraq (OTI) had been forced to pay USD 60 mn, in addition to USD 7.75 mn in […]
Posted inBanking + Finance
Banque Misr to receive USD 50 mn Sharia-compliant facility from GCC lenders
Banque Misr reached an agreement with the Abu Dhabi Islamic Bank (ADIB) to arrange a USD 50 mn syndicated loan from a number of GCC lenders, Banque Misr’s Vice Chairman Akef El Maghraby told Al Borsa. Banque Misr was initially seeking USD 150 mn, but settled on a third of that amount following negotiations with […]
Posted inSports
Egyptian cyclist suffers heart attack during African cycling championship
22-year-old Egyptian cyclist Eslam Nasser suffered a heart attack and died while competing in the African Continental Track Cycling Championships in South Africa yesterday, Ahram Online reports. Egypt’s delegation to the championships has yet to decide whether to forfeit the remainder of the competition.
Posted inON YOUR WAY OUT
Interior Ministry gives traffic officers shoulder cams to document traffic violations
Traffic cops in Ismailia, Luxor, and Beni Suef are kicking it up a notch after the Interior Ministry gave them shoulder cams to document traffic violations and keeping a closer eye on what’s going on in the streets in general, Al Shorouk says. The cameras will be distributed to traffic directorates across the country over […]
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 (Monday): 13,023 (-0.5%) Turnover: EGP 1.1 bn (151% above the 90-day average) EGX 30 year-to-date: +5.5% THE MARKET ON MONDAY: 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 19 March 2017
On a slow news day, we take this opportunity be selfishly self-indulgent and call out inflexible, unthinking adherence to algorithms. Or, in other words: Thank you, Google, for refusing to index Enterprise on Google News. That’s so … not evil of you. Ranks you right up there with that guy who claimed we’re trafficking in […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Date for El Sisi’s visit to DC set? President Abdel Fattah El Sisi will be visiting Washington D.C. on 3 April to meet US President Donald Trump, according to Reuters, citing an unnamed White House official. Foreign Minister Sameh Shoukry will be flying to Washington on Wednesday to attend a meeting of the US-led anti-Daeshbag […]