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LEGISLATION WATCH- FRA to put draft Insurance Act up for discussion next week: The Financial Regulatory Authority (FRA) has a draft of legislation that would regulate the insurance sector, FRA deputy head Reda Abdel Moaty announced, and will begin public consultations on the draft next week. A final draft will then go to the House […]
Author Archives: enterpriseam admin
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in: Journalists with print, audio and / or video skills — both editors and reporters (for both our English and our Arabic editions); […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inUp Next
What we’re tracking this week and beyond
FRA hearing on conditions for Raya take-private MTO on Sunday: The Financial Regulatory Authority (FRA) will hold a hearing on Sunday to review the conditions it set for Raya Holding founder Medhat Khalil’s mandatory tender offer (MTO) to take Raya private, local news reported.
Posted inTHE MACRO PICTURE
2019 Middle East economic outlook bleak
The usual doom and gloom for Mideast outlook in 2019: Citing long-running conflicts, significant youth unemployment, and deep-seated economic and social issues, the AP forecasts a not too rosy outlook for the Middle East in the new year. The wars in Syria, Iraq, Libya, and Yemen may be winding down, but each of them is […]
Posted inImage of the Day
2018 In Pictures
2018 was a year upheaval, from natural disasters (climate change) to unnatural disasters (The Donald). But it was also a year of breakthroughs, new frontiers and Facebook selling us all out. Bloomberg’s 2018 Year in Pictures looks back on the year that was.
Posted inEGYPT IN THE NEWS
El Sisi’s comments on healthy body weight goes viral
On an exceptionally quiet morning for Egypt in the international press, President Abdel Fattah El Sisi’s comments to citizens on maintaining a healthy body weight has gone viral, Reuters reports. The New York Times also picked up the story. Elsewhere: The ‘mutually beneficial partnership’ between Egypt and European leaders is unaffected by human rights abuses […]
Posted inON THE FRONT PAGES
On Egypt’s mind this morning: Diplomacy with Africa and Europe, infrastructure development
Diplomacy with Africa and Europe, and internal infrastructure development are the two themes the government wants us all thinking about this morning. On the front pages of Al Ahram and Al Gomhuria: Prime Minister Moustafa Madbouly touring the New Alamein City, which he used as an example of the government’s commitment to developing the country’s […]
Posted inWorth reading
Even with hindsight, 2018 was a tough year to make money
They say hindsight is 20/20, but apparently not even that could have helped investors make money in 2018. Between volatile stocks, bonds, commodities, and crypto currencies, this year was tough for hedge funds — even an imaginary one (Hindsight LLC) that lives “in a world perpetually 12 months in the future,” John Arthurs wrote in […]
Posted inDiplomacy + Foreign Trade
El Sisi meets Austrian businessmen on his last day in Vienna
President Abdel Fattah El Sisi met yesterday with the CEOs of 10 Austrian companies along with the Egyptian-Austrian Business Council in Vienna, according to an Ittihadiya statement. The two sides discussed encouraging Austrian businessmen to further invest in Egypt. Separately, Egypt and Austria signed MoUs and cooperation agreements on higher education, investment, entrepreneurship, and technology […]