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Monday, 1 August 2016

What we’re tracking on 1 August 2016

Happy first day of August. For most of you, there’s a month left in summer. If you’re a CAC parent, you’ve got until 16 August (new students) or 17 August (returning parents). That’s two (or five) weekends until the school bell rings. Make them count.

Kabil, Fayed to face House committee today: Trade and Industry Minister Tarek Kabil and Agriculture Minister Essam Fayed are due to appear today before the House of Representatives committee investigating alleged fraud in this season’s wheat harvest. The committee grilled Supply Minister Khaled Hanafy yesterday. We have more the widening investigation in today’s Spotlight, right after Speed Round, below.

The Egyptian Exchange will rebalance the EGX30 index today, removing Juhayna, Oriental Weavers, Crédit Agricole Egypt, South Valley Cement and United Arab Shipping and adding Egyptian Iron and Steel, Cairo Oils and Soap, Domty, Arabian Cement and Egypt Kuwait Holding, according to a statement from the exchange.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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