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CABINET WATCH- Cabinet approves new NGOs Act: The Madbouly Cabinet approved at its weekly meeting a final draft of the proposed NGOs Act that will replace the controversial 2017 NGO law, according to a cabinet statement. The move came after President Abdel Fattah El Sisi directed the government to amend the contentious legislation during last […]
Author Archives: enterpriseam admin
Posted inSpeed Round
IDA sets new deadline for unregistered factories to become formal
IDA sets new deadline for unregistered factories to go legit: The Industrial Development Authority (IDA) has given unregistered factories in accredited industrial zones until 30 June to obtain licenses and sign up with the registry of industrial companies, according to an IDA statement. Companies that comply will be exempt from fines for having missed an […]
Posted inSpeed Round
Earnings watch: ADIB, ACC, B Investments, Raya, Naeem, HHD, Eastern, Obourland, EIPICO
EARNINGS WATCH- B Investments posted a net profit of EGP 35.48 mn in 1Q2019, up 5.5% y-o-y from EGP 33.53 mn in the comparable quarter last year, the company said (pdf). The rise in profits was fueled by an 18% increase in revenues to EGP 50.25 mn during the quarter from EGP 42.6 mn in […]
Posted inSpeed Round
Region watch: KSA residency for foreigners, Majid Al Futtaim’s green corporate sukuk, and the US embassy is (partially) shutting down in Baghdad
A handful of regional stories worth knowing about as we all prepare to head into the weekend: Saudi Arabia is launching two new residency categories to attract skilled foreign workers. One will offer a form of permanent residency, while the other will include annually renewable work permits in a move that could allow some foreigners […]
Posted inSpeed Round
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Posted inUncategorized
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Posted inImage of the Day
Space tourism: Is it finally a reality?
Space tourism: Is it finally a reality? Virgin Galactic could begin flying tourists into space as early as this year, following major engineering redesigns after the death of a test pilot in 2014, Bloomberg reports. Some 700 customers have already signed up for the ride, each paying USD 250k for a 90-minute flight where a […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 16 May 2019
The international press is blessing us with another quiet morning, with no single story on Egypt getting widespread attention. Headlines worth a brief skim: Bad times for NGOs: Egypt is a country in which “anti-NGO measures are pending or possible,” according to a recently-released report by Freedom House. Good times for potato farmers: Potato farmers […]
Posted inON THE FRONT PAGES
El Sisi opens two new bridges, linking strategic areas
President Abdel Fattah El Sisi’s inauguration of two major bridges tops the front pages of the country’s three state-run dailies this morning (Al Ahram | Al Gomhuria | Al Akhbar). The bridges — Tahya Misr and the record-breaking Rod Al Farag — are being hailed for meeting international quality standards.
Posted inWorth reading
What could be better than antibiotics? Viruses found in sewage.
What could be better than antibiotics? Viruses found in sewage. Antibiotic resistance is one of the looming global health crises of our time, and now phages (viruses that target and kill specific bacteria) are being put forward as a way to treat illnesses that antibiotics can no longer be used on, Vox reports. The catch? […]