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Attacks by Daesh’s Sinai branch against Egypt’s Christian population continued, as Egyptian security officials say militants killed two Christians North of the Sinai, days after vowing to step up attacks against Christians, the Associated Press reports. The escalation could also see Daesh ratcheting up attacks on aviation facilities, and Christian commercial interest, IHS Jane reports. […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Antiquities Ministry restoring Karnak Temple Complex’s King Ramses II statue
The Antiquities Ministry is conducting restoration work on a 10.8-meter-tall colossus of King Ramses II that stood in the Karnak Temple Complex, writes Nevine El-Aref for Ahram Online. It was damaged by an earthquake in the fourth century AD. Restoration work is expected to be done within two months.
Posted inON YOUR WAY OUT
Chelsey Green and the Green Project to play in Egypt next week
American violinist Chelsey Green and the Green Project are playing in Egypt next week, the US Embassy in Cairo announced. “Their historic concert tour, titled ‘Hakawatya,’ will feature performances at the Citadel in Cairo on February 28 and at the Bibliotheca Alexandrina in Alexandria on March 3, and will include joint performances with renowned Egyptian […]
Posted inON YOUR WAY OUT
Tourism Ministry to back cafés wrongfully shut down during Cairo-wide raids
The Tourism Ministry will support cafés “wrongfully shut down” during the raids authorities carried out across Cairo earlier this month, Tourism Minister Yehia Rashed said yesterday, without clarifying what said support would entail, Al Mal reports. Authorities had shut down 131 cafés and restaurants in Greater Cairo for violating building and licensing codes, one day […]
Posted inON YOUR WAY OUT
CAF headquarters might be moved out of Cairo
The Confederation of African Football (CAF) is reportedly mulling moving its headquarters out of Cairo as a result of CAF President Issa Hayatou being investigated for violating market competition laws, Al Ahram reports. The Egyptian Competition Authority (ECA) referred CAF to prosecution for offering Lagardère Sports the exclusive rights to air CAF competitions for 12 […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7382 | Sell 15.8394 EGP / USD at CIB: Buy 15.75 | Sell 15.85 EGP / USD at NBE: Buy 15.7 | Sell 15.75 EGX30 (Wednesday): 12,401 (-2.0%) Turnover: EGP 1.1 bn (161% above the 90-day average) EGX 30 year-to-date: +0.5% THE MARKET ON WEDNESDAY: 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
Mohamed El-Erian is not buying the concerns raised on the EGP potentially “correcting” in the piece by the Financial Times we led with yesterday. “This sharp appreciation of 14% is leading some — including the financial institution quoted in the article — to warn of a subsequent depreciation. But do such predictions take into account […]
Posted inWhat We’re Tracking This Week
What we're tracking this week: Egypt in Rome
Egypt in Rome: A thousand images, as well as audio recordings and footage of traditional life in Upper Egypt, will be on display at the Academia D’Egitto’s exhibition running this Thursday and until mid-March in Rome. Iraqi musician and oud player Naseer Shamma will be designated a UNESCO “artist for peace” on Thursday in Paris […]