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LEGISLATION WATCH- House committee okays draft Consumer Credit Act: The House Economic Committee has signed off on a draft of the government’s proposed Consumer Credit Act, which would regulate the nation’s fast-growing consumer credit industry, Al Shorouk reports. The government says the bill would improve transparency in the sector and protect consumers. Who would be […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Marakez to open Mall of Tanta this fall
Marakez will open its Mall of Tanta this fall, the company said in a statement (pdf). The EGP 1 bn complex spans 33 acres and will house 140 shops, 30 restaurants and cafes, and a cinema. The mall is slated to be the biggest in the Delta, generating more than 10k jobs.
Posted inSpeed Round
Beltone appoints new executive chairman, managing director
MOVES- Beltone Financial has appointed Maged Shawky (LinkedIn) as executive chairman and Ibrahim Karam as managing director, the company said in a statement (pdf). Shawky had previously served as vice-chairman for over seven years.
Posted inSpeed Round
Egypt beat Zimbabwe 1-0 in the opening match of Afcon 2019
Afcon 2019 got off to a good start for Egypt as the Pharaohs secured a 1-0 victory over Zimbabwe on Friday thanks to a brilliant goal from Trézéguet.It wasn’t an especially dazzling performance from Egypt, which failed to build on the goal, but manager Javier Aguirre said he was confident that the team’s form will […]
Posted inSpeed Round
NBK Capital Partners quits talks to acquire Abraaj’s global credit fund
M&A WATCH- NBK Capital Partners bows out of “advanced” talks to acquire Abraaj’s global credit fund: National Bank of Kuwait’s brokerage unit NBK Capital Partners has exited advanced-stage talks to acquire a global credit fund from defunct PE firm Abraaj,Reuters reported, citing two sources familiar with the matter. NBK Capital Partners, which was reportedly close […]
Posted inUncategorized
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Posted inImage of the Day
The transition to clean energy — how are we doing? (Hint: not very well)
Twelve beautiful, but sad, charts and graphs tell the story of our global transition to clean energy: Using beautifully clear visuals that lay out all the essential science and economics behind green energy policy, Vox’s David Robertsdigests 250 pages of the recently published Renewables Global Status Report (GSR) to demonstrate how our progress has been […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 23 June 2019
The death of former president Mohamed Morsi continues to drive the conversation on Egypt in the foreign press, with the Washington Post once again questioning his health and medical care. Media coverage of Morsi’s passing, which the AP says was a “brief rallying point” for the Ikhwan, was muted by the government, Reporters Without Borders […]
Posted inON THE FRONT PAGES
El Sisi talks cooperation with Mozambican counterpart
El Sisi meets Mozambican counterpart: A meeting between President Abdel Fattah El Sisi and Mozambican President Filipe Nyusi topped the front pages of all three government dailies this morning (Al Ahram | Al Akhbar | Al Gomhuria).
Posted inDiplomacy + Foreign Trade
Shoukry urges Ethiopia, Sudan to speed up GERD talks
Shoukry urges Ethiopia, Sudan to speed up GERD talks: Foreign Minister Sameh Shoukry called on Ethiopia and Sudan to expedite negotiations over the Grand Ethiopian Renaissance Dam (GERD) during a meeting on Thursday with Ethiopian Foreign Minister Gedu Andaragachew, according to a ministry statement. Shoukry also said he intends to call a tripartite meeting soon […]