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MPs aren’t delighted with the idea of setting aside 25% of all seats for women: Opposition is crystallizing to the introduction of a quota that would see as much as 25% of all seats in the House set aside for women under proposed amendments to the nation’s constitution, according to a report by Al-Ahram Weekly. […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt deputy House speaker looks to draft law aimed at dispelling false rumors
LEGISLATION WATCH- Deputy House speaker to draft “anti-rumor” law: Deputy House Speaker Soliman Wahdan is planning to draft a law to put an end to what he says is the “systemic” spreading of rumors across the country, Wahdan said in a statement picked up by El Watan. The legislation would set up a cabinet-supervised body […]
Posted inSpeed Round
Egypt’s Bank of Alexandria taps Ziad Bahaa El Din as non-executive chairman
MOVES- Bank of Alexandria has appointed economist and former deputy prime minister Ziad Bahaa El Din as non-executive chairman, according to Al Mal. Bahaa El Din is the managing partner and founder of Bahaa-Eldin Law Office (now in cooperation with BonelliErede) and of Thebes Consultancy. In addition to serving as deputy PM, he previously served […]
Posted inSpeed Round
Earnings Watch: SODIC, Ibnsina Pharma report 2018 results
EARNINGS WATCH- SODIC reported 37% y-o-y growth in its adjusted bottom line to EGP 815 mn in 2018, the company said in its earnings release (pdf). Revenues for 2018 came in at EGP 3.73 bn, compared to EGP 2.30 bn in 2017, while net contracted sales declined 10% y-o-y to EGP 5.2 bn. Notably, more […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
A delegation of 50 Japanese companies is expected in Egypt today and tomorrow, reports Egypt Today. AmCham is putting on a one-day entrepreneurship event on Monday, 11 March in collaboration with the AUC School of Business, Mindsalike Network, the Entrepreneurs’ Organization and Endeavor Egypt. The US Federal Open Market Committee will next meet to review […]
Posted inTHE MACRO PICTURE
EM should be prepared for an incoming storm
Emerging markets should brace for an incoming storm: History tells us that every monetary tightening cycle by the US Federal Reserve is followed by something getting broken in the global economy. With a storm currently brewing, emerging markets should take the necessary precautions to avoid being the victims, former Mexican finance minister José Antonio González […]
Posted inImage of the Day
Egypt attends world’s largest mining convention in Canada
Egypt attends world’s largest mining convention in Canada: The oil ministry attended the Prospectors & Developers Association of Canada’s (PDAC) annual convention from 3-6 March to attract investment into Egypt’s mining sector. The gathering is the world’s largest mineral exploration and mining convention, attracting more than 25k attendees each year. Pictured: Egypt’s booth, with Tamer […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 9 March 2019
Human rights were again front and center in the international press over the weekend: Egyptian actor Amr Waked has been sentenced in absentia to eight years in prison for "disseminating false news and insulting state institutions," according to the AP. Waked, who resides in Spain and is a vocal critic of the government, says he […]
Posted inON THE FRONT PAGES
El Sisi urges gov’t to step up efforts to make affordable goods available
President Abdel Fattah El Sisi’s meeting with his government to urge them to step up efforts to make affordable goods available ahead of Ramadan top the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar).