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LEGISLATION WATCH- House okays tougher punishment for inciting terrorism: The House of Representatives’ Constitutional Committee has agreed to an amendment to the Anti-Terrorism Act that steps up punishment for inciting terrorism to 10 years in prison, Al Dostor reported. The amendment applies to incitement made via verbal, written or other means, including social media platforms. […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Traffic authorities to impose electronic sticker on vehicles
You’re going to need to slap a new, electronic sticker on your car: Traffic authorities will require vehicle owners to put an EGP 50 electronic sticker (presumably an RFID thing) on their cars when they renew vehicle licenses or license a new car, an unnamed source tells Al Mal. The sticker encodes each vehicle’s data […]
Posted inSpeed Round
Gov’t considers establishing fund to support middle-income housing
The government is mulling setting up a fund to support mortgages for middle-income earners, according to a cabinet statement released following a meeting yesterday between Prime Minister Moustafa Madbouly, Central Bank Governor Tarek Amer and Housing Minister Assem El Gazzar. The suggestion for the fund was well received at the meeting and the PM has […]
Posted inSpeed Round
Pioneers Holding’s net profit, revenues rise
EARNINGS WATCH- Pioneers Holding’s net profit, revenues rise: Pioneers Holding reported a net profit after minority interest of EGP 1.23 bn in 2018, up from EGP 1.14 bn last year, according to an EGX disclosure. Revenues for the year were up to EGP 8.46 bn from EGP 8.24 bn in 2017.
Posted inSpeed Round
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Posted inUncategorized
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Posted inTHE MACRO PICTURE
Green bonds: An explainer
Green bonds: An explainer: The Egyptian government is considering its maiden green bond issuance at a time when the nascent asset class is gaining global popularity. The World Bank issued the first ever green bond back in 2007 in a move it claims has “fundamentally changed” the relationship between investors, climate scientists and policymakers by […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 26 March 2019
In the international press this morning: Egyptian prosecutors have referred 28 suspects to court in two separate cases on charges of joining local affiliates of Daesh and Al-Qaida, after allegedly plotting attacks against security forces and the high state prosecution headquarters in Cairo, reports The AP. Of the 28 accused, 17 are in custody but […]
Posted inON THE FRONT PAGES
Egypt committed to enhancing economic and security ties with China
Egypt is committed to enhancing economic and security ties with China: President Abdel Fattah El Sisi’s meeting with Chinese Defense Minister Wei Fenghe topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar). Egypt is committed to supporting China’s Belt and Road initiative and enhancing economic […]
Posted inWorth watching
How did we come to accept paper money? A web-series by Extra History
How did we come to accept paper (and now intangible crypto currency) as legit forms of payment? Although we all pay for products and services with our debit/credit cards or cash on a daily basis without a second’s thought, it has certainly crossed many of our minds how and when the human race began to […]