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The Ismail government is still trying to get the Tiran and Sanafir sovereignty handover agreement with Saudi Arabia moving along, attempting to get an injunction passed to suspend the Administrative Court’s ruling in January reaffirming the suspension of the treaty. The injunction failed to pass the Administrative Court which shot it down, according toAl Borsa.
Author Archives: enterpriseam admin
Posted inNational Security
Sudanese security forces arrest Ikhwan members fleeing from Egypt
Sudanese security forces have arrested Ikhwan members fleeing Egypt to Sudan, including former FJP member and MP Yasser Hassanein, but said that the arrests are part of a campaign against foreigners in Sudan and is not aimed specifically at Ikhwanis, Al Shorouk reports. We had taken note last week of Sudan ramping up the pressure […]
Posted inNational Security
Minerva Vehicles to sell Egypt 2-3K Panthera T6 armored vehicles
Dubai-based Minerva Special Purpose Vehicles (MSPV) confirmed during the IDEX 2017 security trade show that it is building large numbers of Panthera T6 light armored vehicles for Egypt. MSPV's assistant manager for sales and business development didn’t reveal exactly how many vehicles were ordered by Egypt, but said it is in the region of 2,000-3,000 […]
Posted inSports
English Premier League can’t get enough of our players apparently
English Premier League giants Liverpool are reportedly interested in 22 year-old Egyptian forward Mahmoud Hassan ‘Trezeguet,’ Fil Goal reports. Behind the scenes talks for the player, who is currently on loan at Belgian top division team RS Mouscron, are reportedly taking place but a bid has not been made. If the transfer goes through Trezeguet […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 15.7532 | Sell 15.8579 EGP / USD at CIB: Buy 15.75 | Sell 15.85 EGP / USD at NBE: Buy 15.7 | Sell 15.75 EGX30 (Tuesday): 12,658 (+1.7%) Turnover: EGP 1.4 bn (238% above the 90-day average) EGX 30 year-to-date: +2.5% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
20-22 February (Monday-Wednesday): 20th International Conference on Petroleum Mineral Resources and Development, Egyptian Petroleum Research Institute, Cairo. 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 […]
Posted inWhat We're Tracking Today
What we’re tracking on 21 February 2018
CORRECTION- The proposed stamp tax rate on stock market transactions is five thousandths, or 0.5%, not as we mentioned incorrectly in yesterday’s issue 0.005%. We apologise and regret the error. Our plan is to dust off our primary school math books, read them, then commit seppuku afterwards. The entry has been corrected on our website. […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Could the executive regulations for the VAT really be coming out in the next couple of weeks? It might just be, as Maglis El Dowla (the State Council) is finally done reviewing the draft rules that would govern the value-added tax and has reportedly suggested amendments in a report that was due to the Finance […]
Posted inON THE HORIZON
On the horizon
Foreign Minister Sameh Shoukry is heading to Washington on 25 February (that’s this coming Saturday, for those of you keeping track at home). Shoukry will meet with US Secretary of State Rex Tillerson and should lay the groundwork for a visit to the White House by President Abdel Fattah El Sisi. Finance Minister Amr El […]