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If we’re going to be big in fintech, we first need to embrace regtech and govtech, says World Bank’s Mohieldin: Arab governments and regulators need to catch up quickly if they’re going to keep pace with innovations in fintech, Mahmoud Mohieldin, senior vice president at the World Bank, said at the Arab Federation of Exchanges’ […]
Author Archives: enterpriseam admin
Posted inSpeed Round
El Erian appointed senior advisor at Gramercy Fund Management
MOVES- The always-on-point Mohamed El Erian (LinkedIn) has been appointed as a part-time senior adviser at Gramercy Fund Management, according to a press release. A four-time member of Foreign Policy’s Top 100 Global Thinkers and author of When Markets Collide and The Only Game in Town, is chief economic advisor at Allianz and was previously […]
Posted inSpeed Round
Sherif Kamel appointed AmCham Egypt president
MOVES- Management expert Sherif Kamel has been appointed president of the American Chamber of Commerce in Egypt for the next two years, reports Ahram Gate. Kamel holds a PhD from the London School of Economics and served as the founding dean of the School of Business at the American University in Cairo.
Posted inSpeed Round
BdC’s Tarek Fayed joins UAB board
MOVES- Banque du Caire Chairman and CEO Tarek Fayed has been named to the Union of Arab Banks’ (UAB) board of directors for a term ending in 2022, Masrawy reports. Banque Misr Chairman Mohamed El Etreby remains vice chairman of the board.
Posted inSpeed Round
Etisalat Misr reports EGP 3.5 bn in revenues for 1Q2019
EARNINGS WATCH- Etisalat Misr reported revenues of c.EGP 3.5 bn (AED 755.3 mn) for 1Q2019, a 16.7% increase compared to the same period last year, the company said in its earnings report (pdf).
Posted inUncategorized
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Posted inTHE MACRO PICTURE
MENA region is collectively investing nearly USD 1 tn in energy until 2023
The MENA region is collectively investing nearly USD 1 tn in energy from 2019-23, the majority of which is being channeled into the power sector, the Arab Petroleum Investments Corporation (Apicorp) says in its 2019 MENA Annual Energy Investment Outlook (pdf). The total investment figures are 5% higher than Apicorp’s estimates in 2018, including a […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 24 April 2019
The results of the nation’s referendum on constitutional amendments dominates the discussion on Egypt in the international press as we head into this holiday weekend. We have more in Speed Round, above.
Posted inON THE FRONT PAGES
AU summits on Sudan and Libya top Egypt’s three government-owned dailies this morning
The African Union summits held in Cairo yesterday to discuss developments in Sudan and Libya top the government-owned dailies this morning (Al Ahram | Al Gomhuria | Al Akhbar). We have more in Diplomacy + Foreign Trade, below.
Posted inDiplomacy + Foreign Trade
African leaders give Sudan three months to implement democratic reforms
African leaders gave Sudan’s ruling military council a three-month ultimatum to “implement democratic reforms” during a summit in Cairo yesterday, according to an Ittihadiya statement. The African Union had originally given the country a 15-day deadline to transfer power to civilians or face suspension from the organization. A suspension would hamper Sudan’s efforts to improve […]