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New tomb: A team of Japanese archaeologists from Waseda University uncovered a Ramesside-era tomb in Luxor’s Theban necropolis that’s believed to have belonged to a royal scribe named Khonsu, Ahram Online reported. Inscriptions decorating the ceilings are much better preserved than most of the art on the walls, an Antiquities Ministry official said.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
MP submits inquiry to House on trade of endangered species
MP Mohamed Fouad filed an inquiry with the House of Representatives on the illegal trade of endangered marine animals after pictures showing four endangered turtles being sold at an Alexandria market made the rounds on social media, Ahram Online reports. According to Fouad, who is a member of the Local Administration Committee, the endangered animals, […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.7650 | Sell 18.8937 EGP / USD at CIB: Buy 18.701 | Sell 18.801 EGP / USD at NBE: Buy 18.6 | Sell 18.65 EGX30 (Wednesday): 12,584.26 (-0.70%) Turnover: EGP 870.6 mn (102% above the 90-day average) EGX 30 year-to-date: +1.939% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
26 January - 10 February (Thursday-Friday): Cairo International Book Fair, Nasr City fairgrounds. 30 January - 02 February 2017 (Monday-Thursday): Arab Health Exhibition, Dubai International Convention & Exhibition Center, UAE. 05 February (Sunday): Emirates NBD PMI Egypt release. 08 February (Wednesday): N Gage Debate on National Food Safety Authority, Four Seasons Hotel Nile Plaza, Cairo. […]
Posted inWhat We're Tracking Today
Ismail to unveil new cabinet on Thursday, at least one economic minister said to be exiting –Sources
Prime Minister Sherif Ismail will present his new cabinet lineup to the House of Representatives on Thursday, parliamentary sources told Yahduth Fi Masr’s Sherif Amer. The incoming ministers are expected to take oath early next week. Al Masry Al Youm had quoted Ismail yesterday as having told House Speaker Ali Abdel Aal that the shuffle […]
Posted inWhat We're Tracking Today
IMF delegation in Cairo to begin review
An IMF delegation arrived in Cairo yesterday and “is staying two or three days” to begin the review required before the disbursement of a second installment of the IMF funding, according to Reuters. The second installment is worth USD 1.25 bn and, according to the IMF’s proposed schedule, it should be disbursed by 15 March. […]
Posted inWhat We're Tracking Today
Pharaohs clash with Burkina Faso in Afcon semifinal tonight
The Pharaohs’ bid for an eighth Africa Cup of Nations crown continues tonight as Egypt goes head to head with Burkina Faso in a semifinal match. The two so-far undefeated teams will clash starting at 9pm CLT; Burkina Faso will have an extra 24 hours of rest over Egypt at the kickoff. BBC Sport has […]
Posted inWhat We're Tracking Today
Seif Fikry’s Afkar wins MENA Fund Manager award for Afkar S&P UAE UCITS ETF
Sometimes, the good guys win: Afkar Capital has taken home a prestigious MENA Fund Manager Performance Award for its Afkar S&P UAE UCITS Exchange Traded Fund. The fund, which launched last June, is the first fully tradable, full fungible ETF in the region and was launched by Seif Fikry, the EFG Hermes veteran and longtime […]
Posted inON THE HORIZON
On the horizon
23 February is penciled in as a potential date for the resumption of flights between Egypt and Russia, state news service Sputnik reported, citing Izvestia newspaper. The resumption would restore flights between Russian cities and Cairo, Hurghada, and Sharm El Sheikh. “This will happen only in case the Egyptian side complies with all the security […]