Ahmed Elzaher (LinkedIn) has been named acting CEO of the Information Technology Industry Development Agency (ITIDA), succeeding Amr Mahfouz who retired last month, the agency said in a statement (pdf) yesterday. Elzaher is also assistant minister for ecosystem development at the Communications Ministry, and has more than 27 years of experience in the IT industry […]
Author Archives: enterpriseam admin
Morocco’s World Cup win + the IMF get attention on the talk shows
It was a mixed bag on talk shows yesterday, with many of the talking heads cheering Morocco’s Lions historic World Cup win against Spain, and Kelma Akhira’s Lamees El Hadidi discussing the IMF loan, which will be discussed by the executive board next week. Nothing is impossible: An ecstatic Lamees El Hadidi dedicated most of […]
SCZone to take its promo campaign to Japan next year
INVESTMENT- A promotional campaign by SCZone in Japan? A Japanese investment delegation has invited Suez Canal Economic Zone (SCZone) head Walid Gamal El Din to prepare a promotional campaign for the zone in Japan early next year, according to a SCZone statement.
Oil is close to wiping out all of its 2022 gains
Oil tumbled to its lowest level since January yesterday on concerns that the Federal Reserve will continue to aggressively raise rates and as investors weighed the impact of the price cap on Russian crude. Brent dipped below USD 80 for the first time since 3 January yesterday, falling 3.6% during trading. Meanwhile, US crude fell […]
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. DECEMBER 5-8 December (Monday-Thursday): QS Reimagine Education Awards and Conference, multiple locations. 5-7 December (Monday-Wednesday): Food Africa 2022 kicks off at Egypt International Exhibitions Center. . 7 December (Wednesday): Euromoney Egypt 2022 conference 10 December (Saturday): The TriFactory’s Pyramids Half Marathon. 10-12 December (Saturday-Monday): The […]
THIS MORNING: The Enterprise Climate X Forum takes place today
Good morning, friends. We’re really looking forward to seeing many of you in a couple of hours’ time at our Enterprise Climate X Forum, which gets underway this morning at 8am at the Grand Egyptian Museum. Please join us in thanking the wonderful people who made all this possible: USAID, HSBC, Mashreq, Attijariwafa Bank, Etisalat […]
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Private-sector contraction deepens following EGP devaluation
Private sector activity takes a hit following devaluation: The contraction in Egypt’s private sector deepened in November as the depreciation of the EGP triggered a surge in inflation, according to S&P Global’s purchasing managers’ index (pdf). The PMI index fell to 45.4 from 47.7 in October, falling further below the 50.0 threshold that separates growth […]