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Take note, Europe? Egyptian border patrol and coast guard forces stopped more than 12,000 people of various nationalities from illegally entering or leaving the country in 2016, the military said, according to Reuters. In total, the military says it made 12,192 arrests and recorded a total of 434 cases of illegal migration during the year.
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
South Sudan’s flag hoisted upside down during president’s visit to Cairo
Diplomatic faux pas: South Sudan’s flag was hoisted upside down during President Salva Kiir’s visit to Cairo. “The display sparked anger and protest, with some commentators blaming south Sudanese diplomats in Egypt for failing to notice the obvious mistake and correct it before the arrival of the president,” Radio Tamazuj reported.
Posted inON YOUR WAY OUT
Kareema Mokhtar passes away at 82
Celebrated Egyptian actress Kareema Mokhtar passed away on Thursday at the age of 82, Youm7 reports. Mokhtar, mother of talk show host Moataz Al Demerdash, had a long career in Egyptian film and television and was famous for being typecast in the role of the matriarch. Some of her well-known films include Al Hafid (the […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.6945 | Sell 18.8450 EGP / USD at CIB: Buy 18.651 | Sell 18.751 EGP / USD at NBE: Buy 18.5 | Sell 18.6 EGX30 (Thursday): 13,223.9 (+1.03%) Turnover: EGP 1.882 bn (332% above the 90-day average) EGX 30 year-to-date: +7.12% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inTHE MARKETS YESTERDAY
Banking sector seen growing in the next five years, supported by many positive factors
The Hopes and Fears of the Egyptian Banking Sector The floatation of the EGP does not come without risks for the banking sector, but there are many fundamentals and positive factors to support the sector’s growth over the coming five years: improved USD liquidity, a pickup in lending, and higher non-interest income. Pharos has upgraded […]
Posted inCALENDAR
15 January (Sunday): 19th session of the Egypt-Jordan Business Council, Cairo, Egypt. 15-17 January (Sunday-Tuesday): International Conference on Improving Sustainability Concept in Developing Countries, Cairo. 15-20 January (Sunday-Friday): Bidding window for Petroleum Ministry’s gold exploration tender in eastern desert and Sinai, Egypt. 17-20 January (Tuesday-Friday): World Economic Forum, Davos, Switzerland 17-18 January (Tuesday-Wednesday): Underground Infrastructure […]
Posted inUncategorized
A QUICK NOTE TO NEW SUBSCRIBERS We publish the Enterprise Morning Edition in English and Arabic from Sunday through Thursday before 7am, with a focus on the business, economic and political news that will move markets each day. What you’re reading now is our Weekend Edition, which is light on news and heavy on stories […]
Posted inSPEED ROUND, THE WEEKEND EDITION
On a morning on which at least one of us overslept after the insanity of the week, this morning’s Weekend Edition is powered by coffee from Caffe Greco and Zooba’s hawawshi (with extra crispy bread). Yes, hawawshi is a breakfast food.
Posted inSPEED ROUND, THE WEEKEND EDITION
Emirates’ rise to becoming the world’s largest long-haul carrier and the threats it faces
Glamor and ambition in a framework of absolute control. Or: The rise of Emirates as the world’s largest long-haul carrier: Malcolm Campbell asks if Dubai’s Emirates airline “running out of sky,” in an in-depth report for Bloomberg Businessweek. Tracing back the origins of the airline’s founding, Campbell writes about how Emirates “has grown from a […]