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The House of Representatives voted to establish a National Food Safety Authority (NFSA) in January. Law firm Sharkawy & Sarhan say the entity will replace and unify 17 existing supervisory agencies overseeing food safety in Egypt. Before the NFSA, Sharkawy & Sarhan say, food safety regulation was “a mess.” The new agency will, once it […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
25 students Top in the World in IGCSE exams
25 Egyptian students topped the world in IGCSE exams: 25 students received Top in the World awards out of a global 946 in 2016 Pearson’s Edexcel IGCSE exams, British Council Egypt announced. The UK embassy in Cairo honored the students and presented a total of 67 awards to students who topped Egypt, Africa, and the […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7512 | Sell 15.8518 EGP / USD at CIB: Buy 15.7 | Sell 15.8 EGP / USD at NBE: Buy 15.7 | Sell 15.75 EGX30 (Thursday): 12,241 (-1.3%) Turnover: EGP 1.3 bn (215% ABOVE the 90-day average) EGX 30 year-to-date: -0.8% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
23 February - 16 March (Thursday-Thursday): ‘Glimpses of Upper Egypt’ exhibition at Accademia d’Egitto in Rome. 26 February (Sunday): AmCham conference on Egypt’s Financial Reform Agenda, Cairo. Register here. 02-03 March (Thursday-Friday): German Chancellor Angela Merkel’s visit to Egypt. 06-08 March (Monday-Wednesday): 13th EFG Hermes One on One Conference, Dubai, United Arab Emirates. 08 March […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 February 2017
On a reasonably quiet end to a busy week, Afrexim Bank president Benedict Oramah is expected to hold a press conference today to present the bank’s projects to support the Egyptian economy, including a USD 500 mn initiative to boost Egypt’s exports, according to Youm7. Investment minister Sahar Nasr is in Beirut for a business […]
Posted inON THE HORIZON
On the horizon
Foreign Minister Sameh Shoukry will be in Washington, DC, on Saturday for talks with US Secretary of State Rex Tillerson and to prepare for a visit to the White House by President Abdel Fattah El Sisi. Also on Saturday: A “social dialogue” on the Daba’a nuclear power plant will bring state officials and executives from […]
Posted inEnterprise+: Last Night’s Talk Shows
Tourism Ministry’s lack of vision; NBE’s SME program; Health Ministry to provide insulin at discounted prices
Apart from Amr Adib, who was still glowing after his Messi interview, the topics that pervaded the airwaves last night were SMEs and (you guessed it) prices. Amr Adib spent the better part of last night’s Kol Youm on tourism. Adib pressed the point that not enough is being done to pick up the slump […]
Posted inSpeed Round
Industrial and Commercial Bank of China to provide Egypt with USD 20 bn
Today’s forecast: sunny, with a drizzle of roz: The Industrial and Commercial Bank of China (ICBC) is set to provide Egypt with USD 20 bn in financing over the next 10 years, ICBC’s Africa General Manager Ivy Tsai said at a meeting with Investment and International Cooperation Minister Sahar Nasr, Al Masry Al Youm reported. […]
Posted inSpeed Round
Egypt has begun the road to a free and growing economy - PwC
Egypt has begun the road to a free and growing economy, says PricewaterhouseCoopers in a recent, glowing report on the Egyptian economy and its prospects issued last Thursday. The crux of PwC’s argument is that Egypt’s road to economic recovery is split into “pre-float” and “post-float” phases, saying the decision to let the interbank market […]