Al Ahly CIRA is bringing Canada’s Seneca College here: Al Ahly CIRA for Educational Services is partnering with Toronto-based Seneca College to bring two branches of the Canadian applied arts and technology college to Egypt — one in East Cairo and the other in West Cairo — under an MoU signed between the company and […]
Author Archives: enterpriseam admin
Moharram & Partners appoints new CSO
Khaled Koubaa (LinkedIn) was appointed Chief Strategy Officer of Moharram & Partners where he will be responsible for the company’s global expansion strategy, including the establishment of two new permanent hubs in Dubai and Washington D.C., according to a company statement. Koubaa has served in top leadership and public policy roles at Meta and Google, […]
Wall-to-wall EGP + imports chat
The pundits spent most of last night discussing / bemoaning the weakening EGP, with some saying that they gave up refreshing their screens for fear of a higher USD / EGP rate with every click. See the full story in our Economy section, above. Elsewhere, the talking heads were discussing the skyrocketing price tags of […]
The weakening EGP + A foiled statue grab
Dominating the conversation on Egypt in the foreign press this morning: Yesterday’s exchange-rate volatility, which saw the EGP fall to a fresh record low of EGP 32.2 against the greenback, before recovering in late trading. We have the full story in this morning’s news well, above. The Red Sea makes for a perfect getaway — […]
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
UK-based Softline Group acquires majority stake in cloud computing company Digitech
M&A- UK-based software firm Softline Group LTD has acquired a 51% stake in cloud computing company Digitech for EGP 262 mn, Al Borsa reports, citing Shawkat El Maraghy, managing director of Prime Securities Brokerage, which brokered the transaction. The newspaper did not specify when the transaction took place. The parties: Softline offers software, hardware, and cloud […]
The end of the trusty 60/40 portfolio?
Is the era of the traditional 60/40 portfolio over? Portfolios with a classic split of 60% equities and 40% bonds delivered their worst performance since 1999 last year, losing 17% of their value, the Financial Times reports citing BlackRock data. Premised on the assumption that when stocks go down, bonds go up (and vice versa), […]
My Morning Routine: Omar Khalifa, founder and CEO of Shaghalni
Omar Khalifa, founder and CEO of Shaghalni: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Omar Khalifa, the founder and CEO of Shaghalni (LinkedIn). Edited excerpts […]