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The state-controlled Tahya Misr fund says it has received nearly EGP 7 bn in contributions between July and December 2016, Director Mohamed El Ashmawy tells Al Borsa. Over the same period of time, the fund helped finance EGP 3 bn in projects. Tahya Misr’s plans for 2017 include a project to build 100 new schools […]
Author Archives: enterpriseam admin
Posted inNational Security
Cairo International’s Terminal 2 to get biometric gear on 12 January 2017
Reports Ahram Online: “Cairo International Airport is set to receive biometric equipment on 12 January to better track airport staff,” citing a report in the state-run MENA news agency. The German-provided equipment “will be installed immediately at staff gates in the airport’s newly inaugurated Terminal 2.” Terminal 2 has been designated to handle flights from […]
Posted inON YOUR WAY OUT
CBE employees get a 5% pay rise
Employees at the Central Bank of Egypt are receiving a 5% pay increase, a source told Al Masry Al Youm. The central received legal approval for the raises, the source said. Not part of this pay rise is Governor Tarek Amer himself, whose position’s salary is determined by Prime Minister Sherif Ismail. Salary caps on […]
Posted inON YOUR WAY OUT
Maher freed after completing prison term
Activist Ahmed Maher was reportedly freed last Wednesday evening after completing his sentence, BBC reported. Maher’s lawyer said he would remain under judicial supervision. Maher, the founder of the April 6 Youth Movement, was arrested in 2013 while protesting against a new law banning unauthorized public gatherings.
Posted inON YOUR WAY OUT
Initial cost of mosque and church commissioned for Administrative Capital stands at EGP 400 mn -government sources
New Capital church, mosque costs: The initial cost of a mosque and church currently being built by the Armed Forces’ Engineering Authority in the Administrative Capital stands at EGP 400 mn, unnamed government sources tell Al Borsa.
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0363 | Sell 18.2703 EGP / USD at CIB: Buy 17.86 | Sell 18.11 EGP / USD at NBE: Buy 17.86 | Sell 18.11 EGX30 (Thursday): 12,824.32 (+1.71%) Turnover: EGP 2.241 bn (415% above the 90-day average) EGX 30 year-to-date: +3.88% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
13 January (Friday): Egypt to attend Africa-France Summit 2017 in Mali. 15 January (Sunday): 19th session of the Egypt-Jordan Business Council, Cairo, Egypt. 22-31 January (Sunday-Tuesday): 28th African Union Summit, Addis Ababa, Ethiopia. 25 January (Wednesday): Revolution (police) day, national holiday. 30 January – 2 February 2017 (Monday-Thursday): Arab Health Exhibition, Dubai International Convention & […]
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
Humanity is headed for extinction or immortality, and it all comes down to how we harness AI — the thing that’s eating our jobs at the moment
Why you should really care about artificial intelligence: We’re likely just a few decades away from creating a superintelligence. Why should you care? Because we’re on a path right now with just two outcomes: Extinction or immortality. AI is already taking over white collar jobs in Japan (buy-buy, insurance claim adjusters). Up next: Compliance officers, […]