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EARNINGS WATCH- Credit Agricole 1H2019 profits increase 20% y-o-y: Credit Agricole reported a 1H2019 net profit of EGP 1.3 bn, compared to EGP 1.1 bn a year earlier,the lender said in a bourse filing (pdf). Eastern Co turned in a loss in FY2018-2019,reporting a net profit of EGP 3.77 bn, down from EGP 4.24 bn […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Maait taps Reda Abdel Kader as Egypt’s new advisor to the finance minister on tax evasion
MOVES- Finance Minister Mohamed Maait has tapped Reda Abdel Kader as advisor to the finance minister on tax evasion, reports Al Mal. Abdel Kader will remain in his current executive position as the co-head of the Tax Authority until he reaches retirement age.
Posted inSpeed Round
Egypt’s Mo Salah among 10 nominees for Best Fifa’s Men’s Player award
Mo Salah among 10 nominees for Best Fifa’s Men’s Player award: A panel of Fifa legends has nominated the Egyptian King, along with nine others, for the Best Fifa Men’s Player of the Year award. The usual suspects, Messi and Ronaldo, also made it on the list — alongside Salah’s teammates Sadio Mane and Virgil […]
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in: Journalists with print, audio and / or video skills — both editors and reporters (for both our English and our Arabic editions); […]
Posted inUncategorized
** 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 […]
Posted inImage of the Day
Visualizing the rise of Airbnb
Visualizing the rise of Airbnb: This infographic from Adioma shows how the folks behind Airbnb went from scraping together their monthly rent to sitting atop a USD 38 bn company. You can find more engaging startup-themed infographics here.
Posted inEGYPT IN THE NEWS
Human rights leads the conversation on Egypt in the foreign press
Human rights is topping coverage of Egypt in the foreign press this morning: Amnesty International is calling on authorities to allow regular family visits at Tora’s Aqrab maximum security prison, where some 130 detainees have been on hunger strike for six weeks due to “cruel and inhumane conditions.” A separate Reuters report discusses capital punishment […]
Posted inWorth watching
It’s time to acknowledge that perfectionism is toxic
It’s time to acknowledge that perfectionism is toxic: Many people deeply mired in the mistaken belief that perfectionism is a good thing don’t let themselves shoot high enough to risk failure, this BBC video shows (watch, runtime: 03:06). This can endanger mental health, as well as squandering chances for learning and professional growth.
Posted inDiplomacy + Foreign Trade
Sahar Nasr meets Japanese representatives in preparation for Tokyo International Conference on African Development
Investment Minister Sahar Nasr recently met with the Japanese ambassador Masaki Noke and other representatives of Japanese trade organizations and companies to discuss preparations for the 2019 Tokyo International Conference on African Development (TICAD7), which will take place from 28-30 August, the local press reports. It is expected that several MoUs will be signed at […]
Posted inDiplomacy + Foreign Trade
Egypt’s FM Shoukry discusses energy with Cypriot prime, foreign ministers
Foreign Minister Sameh Shoukry discussed yesterday energy cooperation with Cypriot President Nicos Anastasiades and FM Nikos Christodoulides, with talks covering hydrocarbon and natural gas discoveries in the eastern Mediterranean and the potential for stronger EU-Egypt ties. Shoukry was in Greece on Tuesday before landing in Cyprus.