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REGULATION WATCH- FRA approves bylaws for futures exchange: The Financial Regulatory Authority (FRA) approved the bylaws of a futures exchange and a preliminary template contract for the establishment of the legal entity that will house it, the market regulator said in a statement (pdf). The new bourse will be the day-to-day market operator for futures […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s NUCA issues new regulations for land allocation process
REGULATION WATCH- NUCA issues new regulations governing how land is allocated: The New Urban Communities Authority (NUCA) has approved a new regulatory framework for how land is allocated to investors for service and mixed-use projects, Housing Minister Assem El Gazzar said. Under the new regulations, NUCA will be required to allocate land based on investor […]
Posted inSpeed Round
Earnings watch: Cleopatra, Beltone Financial report 2018 results
EARNINGS WATCH- Cleopatra Hospitals Group reported a 168% y-o-y increase in net profit in 4Q2018 to EGP 90.2 mn, up from EGP 33.6 mn in 4Q2017, according to the company’s earnings release (pdf). Revenues for the quarter stood at EGP 394 mn, up 27% y-o-y from EGP 309.6 mn in the same period last year. […]
Posted inSpeed Round
Raya Contact Center names CEO Reem Asaad as manager of UAE unit
MOVES- Raya Contact Center has named its deputy chairman and CEO Reem Asaad (LinkedIn) to also head its UAE unit, the company said in a bourse filing (pdf).
Posted inSpeed Round
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Posted inUncategorized
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Posted inTHE MACRO PICTURE
EM equities to claw back 2018 losses- BlackRock
EM equities will claw back their 2018 losses, says BlackRock: Emerging-market stocks will (as an asset class) recoup “most, if not all” of the losses they sustained in 2018, BlackRock’s Gordon Fraser told Bloomberg. Improving EM liquidity, driven by the US Federal Reserve’s pause on rate hikes — coupled with rate cuts by EM central […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 18 March
It’s another quiet news morning for Egypt in the international press. Among the very few pieces worth a skim today: Another notch in the belt: Chinese state media organ Xinhua is bigging up its work in the new administrative capital as a “landmark” for the country’s Belt and Road Initiative. Whining about football: Egyptian Premier […]
Posted inON THE FRONT PAGES
El Sisi warns of terrorism, urges for infrastructure cooperation at Arab-African Youth Forum
El Sisi warns of terrorism, urges for infrastructure cooperation at Arab-African Youth Forum: Remarks made by President Abdel Fattah El Sisi on the sidelines of the Arab and African Youth Platform topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar). The president stressed the importance […]
Posted inWorth reading
Why have so many ancient Egyptian statues lost their noses?
Why have so many ancient Egyptian statues lost their noses? There are complex reasons behind the destruction of ancient Egyptian works, Julia Wolkoff writes for Artsy. Research by American archaeologist and Egyptologist Edward Bleiberg suggests that myriad “political, religious, personal and criminal motivations” formed the basis for those seemingly deliberate and largely consistent patterns of […]