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EGP / USD CBE market average: Buy 18.1454 | Sell 18.4654 EGP / USD at CIB: Buy 17.85 | Sell 18.16 EGP / USD at NBE: Buy 17.9 | Sell 18.15 EGX30 (Tuesday): 12,425.17 (+1.09%) Turnover: EGP 1.166 bn (168% above the 90-day average) EGX 30 year-to-date: +0.65% THE MARKET ON TUESDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
07 January (Saturday): Coptic Christmas, national holiday. 13 January (Friday): Egypt to attend Africa-France Summit 2017 in Mali. 25 January (Wednesday): Revolution (police) day, national holiday. 30 January – 2 February 2017 (Monday-Thursday): Arab Health Exhibition, Dubai International Convention & Exhibition Center, UAE. 14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 31 […]
Posted inEGYPT IN THE NEWS
The diabolical maze of landmines still left in Egypt from WWII
Second World War belligerents left behind up to 15 mn landmines that continue to litter Egypt’s North Coast to this day, writes Peter Schwartzstein for the Daily Beast. Italian expert and president of the Italian Society for Military Geology and Geography (SIGGMI) Aldino Bondesan and his colleagues have been able to identify every single Italian […]
Posted inEGYPT IN THE NEWS
What can be learned from a journalist’s time in an Egyptian prison
Fahmy writes a book documenting his time in an Egyptian prison: Mohamed Fahmy, the Canadian-Egyptian Al Jazeera reporter who was imprisoned in Egypt as part of the so-called Marriott cell, released a book documenting his time in detention. Fahmy’s imprisonment over charges of being a pro-Muslim Brotherhood “terrorist,” fabricating news and endangering the “security” of […]
Posted inOn Deadline
Newton doesn’t like meat plan — and Hamzawy is (surprisingly) not optimistic
Newton doesn’t like meat plan: The Al Masry Al Youm columnist writing under the pseudonym Newton published a letter from a reader saying the plan to import one mn head of cattle to produce 1,000 tonnes of meat will cost Egypt 15,400 liters of water per kg of meat produced, in addition to costs of […]
Posted inOn Deadline
Amr Hamzawy says internal, external circumstances leave no room for optimism
Amr Hamzawy is having a hard time finding the light at the end of the tunnel for Egypt in 2017: The country’s state of affairs, including rampant corruption and excessive reliance on external assistance, has left the former parliamentarian saying there is no reason to be optimistic in a column penned for Al Shorouk. Surprising, […]
Posted inWorth watching
Capturing Cairo’s design landscape from the 2016 Dubai Design Week
Egyptian designers making beautiful creations: Medrar TV covered the 2016 Cairo Now: A City Incomplete exhibition from Dubai’s Design Week, an event that captured Cairo’s current design landscape in October 2016. The exhibition included work by “designers who make purely Egyptian work, yet in new ways, work with Egyptian craftsmen and use local materials to […]
Posted inDiplomacy + Foreign Trade
Swap agreement with China has not been used in trade agreements yet -source
No trade agreements have taken place with Chinese companies since the signing of a currency swap agreement with the People’s Bank of China, banking sources told Al Borsa. The agreement is expected to facilitate trade between the two countries and is renewable after three years. A government source added that the central bank is considering […]
Posted inEnergy
BNP Paribas leads syndicate funding EUR 200 mn power transmission stations
A syndicate led by BNP Paribas has signed an EPC-plus-finance funding agreement with the Egyptian Electricity Transmission Company for six new power transmission stations worth EUR 200 mn, Al Borsa reported. Siemens and El Sewedy Electric will be jointly constructing the stations as part of an MoU the Electricity Ministry had signed with Siemens at […]
Posted inEnergy
Shell completes repayment of Idku liquefaction plant loan in December 2017
Royal Dutch Shell will complete repayment by December 2017 of the second tranche of a USD 2 bn loan issued to BG to build the Idku liquefaction plant, sources told Al Borsa. EGPC agreed to pay USD 480 mn of the first installment due to the Idku plant halting operations in 2012. The Idku plant […]