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Naeem Holdings’ brokerage arm, Naeem Shares and Bonds (NSB), officially joined the Nasdaq Dubai’s Equity Futures platform on Wednesday, Al Borsa reports. The move is part of NSB’s plan to expand its client and activities network by attracting more investments from the MENA, US, and Europe. Nasdaq had launched the Equity Futures platform last September.
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Finance Ministry rejects proposals to expand pensions program
The Finance Ministry rejected a plan by the Social Solidarity Ministry to reduce the minimum age required to benefit from the Takaful and Karama pension programs to 60 years from 65, Social Solidarity Minister Ghada Waly told Ahram Gate. The Finance Ministry said the move would conflict with the Insurance and Pensions Law, which sets […]
Posted inNational Security
Israel raises height of barrier on border with Egypt
Israel said it increased the height of the electric fence along part of its border with Egypt to “shut down irregular migration routes.” The height of the fence was raised to eight meters from five meters tall. Israeli authorities say additional detection devices, had "significantly curbed the flow of illegal infiltration into Israel, with only […]
Posted inSports
El Hadary is Egypt’s only fit goalie in AFCON
Egypt will be stuck with record-breaker Essam El Hadary as its only fit goalkeeper for the remainder of the Africa Cup of Nations following the injury of first-choice Ahmed El Shennawy. CAF has reportedly refused Egypt’s request to call an injury replacement for El Shennawy as rules state that a replacement player cannot be called […]
Posted inSports
Egypt secures qualification for knockout stages in handball world cup
Egypt’s handball team defeated Argentina 31-26 in the 2017 World Championship, securing a spot in the knockout stages, King Fut reports. Egypt will face Sweden in the final round on Friday for the second place in Group D, with first place currently held by Denmark. The top four out of six teams in each group […]
Posted inON YOUR WAY OUT
Saudi patients involved in organ trafficking no longer in custody, embassy says
Two Saudi patients involved in an organ trafficking case are no longer in custody, the Saudi Arabian embassy in Cairo confirmed on Wednesday. In a statement picked up by the Saudi Gazette, the embassy noted that Jaiz Al Shammari died from complications caused by his kidney transplant, while the second patient Abdullah Al-Shabrami was released […]
Posted inON YOUR WAY OUT
El Sisi inaugurates Museum of Islamic Art after renovation
President Abdel Fattah El Sisi inaugurated the newly renovated Museum of Islamic Art, on Wednesday, Daily News Egypt reports. The museum was damaged by an explosion targeting the Cairo security directorate in 2014, which had killed four people and injured 76 others.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.7422 | Sell 18.9046 EGP / USD at CIB: Buy 18.651 | Sell 18.751 EGP / USD at NBE: Buy 18.6 | Sell 18.7 EGX30 (Wednesday): 13,304.44 (-0.98%) Turnover: EGP 2.117 bn (386% above the 90-day average) EGX 30 year-to-date: +7.772% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
17-20 January (Tuesday-Friday): World Economic Forum, Davos, Switzerland 22 January (Sunday): Business in Africa: The Untapped Potential special luncheon at the American Chamber of Commerce. Register here. 22-31 January (Sunday-Tuesday): 28th African Union Summit, Addis Ababa, Ethiopia. 24 January - 26 January (Tuesday-Thursday): Global Oil & Gas Middle East and North Africa 2017, Cairo International […]
Posted inWhat We're Tracking Today
What we’re tracking on 17 January 2017
We’re trying not to hold our collective breath as we wait for the cabinet shuffle promised to come “very soon” by President Abdel Fattah El Sisi. In the meantime, we’re going to be watching the IMF presser today to unveil the terms of Egypt’s USD 12 bn extended fund facility. The fund will also discuss […]