Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Tourism Minister Yehia Rashed discussed Egypt’s efforts to revive tourism, including a project to track the route Jesus, Mary, and Joseph took during their journey from Palestine to Egypt, at the ITB travel trade show in Berlin, according to an emailed statement. The minister said that promoting eco-tourism in Egypt is also at the top […]
Author Archives: enterpriseam admin
Posted inBanking + Finance
Banks to notify CBE before sourcing foreign currency to gov’t entities
The central bank has sent a directive to all banks requiring them to notify it every time they are tasked with sourcing foreign currency to any government entity or their suppliers. The central bank says this directive follows a decision by Prime Minister Sherif Ismail.
Posted inOther Business News of Note
MIlitary Production Ministry announces pipeline of healthcare, manufacturing projects
The Military Production Ministry is looking to export goods (both military and civilian) to African states and plans to partner with companies in those countries, Military Production Minister Mohammed Al Assar said at a meeting with ambassadors, Al Mal reports. On the sidelines of the meeting, the ministry also announced that the signing of a […]
Posted inEgypt Politics + Economics
Egypt to open the first public free zone in two months’ time -Khodeir
Egypt plans to launch the first public free trade zone in two months’ time, General Authority for Free Zones and Investments (GAFI) chief Mohamed Khodeir tells Al Borsa. The authority has yet to decide on a location, but is reportedly considering setting up shop in Upper Egypt. Many businesses and investors were concerned by the […]
Posted inON YOUR WAY OUT
Google celebrates Lotfia El Nadi, Egypt’s first female pilot
Celebrating International Women’s Day, Google looked back at some of its older doodles celebrating female pioneers who paved the way to where we are today. The doodle is a slideshow featuring “a little girl whose grandmother tells her the best bedtime story ever: the tale of her favorite historical heroine. The little girl then visits […]
Posted inON YOUR WAY OUT
Man lands prison sentence for pirating OSN content
People are getting jailed for TV piracy in Egypt now: A court sentenced a man to one-year in prison and ordered him to pay an EGP 100,000 fine after finding him guilty of illegally distributing and selling OSN content. “The judges have sent out a very strong message. Stealing content from OSN, and other legal […]
Posted inON YOUR WAY OUT
Tradeline announces price reductions on Apple products
Apple lovers rejoice, as reseller Tradeline will be slashing its prices 15-20%, effective today, according to Al Mal. The cuts are the “natural result” of the lower USD exchange rate and had Apple’s blessing, Tradeline’s Commercial Director Mohamed Medhat said.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 17.7521 | Sell 17.6435 EGP / USD at CIB: Buy 17.6 | Sell 17.7 EGP / USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Wednesday): 12,735 (+0.5%) Turnover: EGP 1.1 bn (149% above the 90-day average) EGX 30 year-to-date: +3.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
08-12 March (Wednesday-Sunday): 2017 ITB Berlin, CityCube Berlin, Germany. 15 March (Wednesday): Arab Women Organization’s event: Investing in refugee women, UN General Assembly Building, New York City. 18-19 March (Saturday-Sunday): Delegation of Japanese food industries companies visits Egypt. 29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced Development of Siwa Oasis […]
Posted inWhat We're Tracking Today
What we’re tracking on 8 March 2017
Travel trade show ITB Berlin kicks off today and will go on until Sunday. The Egyptian delegation there is expected to hold a press conference at 3:30pm local time. Tourism Minister Yehia Rashed told Reuters on the eve of the conference that he expects the number of tourists visiting Egypt this year could come close […]