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The House of Representatives’ Transportation Committee is looking to have parliament take part in drafting the Ride Hailing Apps Act’s executive regulations, sources familiar with the matter said, according to Al Mal. Despite this not being the official role of parliament, the sources said the move is precautionary to prevent disputes between the various ministries […]
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Mohamed Badie and Khairat El Shater Sentenced to life in prison
A Cairo Criminal Court handed down another life sentence to Ikhwan leader Mohamed Badie, Khairat El Shater, and four other defendants for violence-related charges from 2013, according to Ahram Gate. It is the second time Badie and El Shater are sentenced to life in this case. The Court ruled against them in 2015 but ordered […]
Posted inSports
Egypt will not bid to host 2019 African Cup of Nations
Egypt will not bid to host the 2019 African Nations Cup as it does not want to compete with Morocco, the Egyptian Football Association said, according to BBC Sport. The Confederation of African Football (CAF) is considering Morocco and South Africa as replacement hosts for the championship after it voted on Friday to strip Cameroon […]
Posted inMy Morning Routine
Amal Enan, Executive Director, the Egyptian-American Enterprise Fund
My Morning Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions because we simply can’t help ourselves. Extracts from our conversation this week with our friend Amal Enan, executive director of the Egyptian-American Enterprise Fund. Who are you? […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Wednesday): 12,587 (-0.3%) Turnover: EGP 603 mn (24% below the 90-day average) EGX 30 year-to-date: -16.2% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
December: The government will announce the second phase of its privatization program before year-end, Public Enterprises Minister Hisham Tawfik said. The committee overseeing the state privatization program is also scheduled to hold a meeting next month to look into how market conditions developed since the privatization program was put on ice 06 December (Thursday): Egypt’s […]
Posted inWhat We're Tracking Today
What we’re tracking on 5 December 2018
We had the pleasure of sitting down with Uber CEO Dara Khosrowshahi, who was in Cairo yesterday to launch Uber Bus. He shared with us his views on Egypt as an investment and innovation hub and why the company chose to pilot its bus service here. The company is committed to investing USD 100 mn […]
Posted inWhat We're Tracking Today
MUST READ- For companies, it can be hard to think long term
MUST READ- For companies, it can be hard to think long term: Business leaders want to run with strategies that take years to pay off, but equity investors don’t always react kindly, the Wall Street Journal writes. Witness the furor over Apple’s recent decision to stop releasing quarterly sales figures for everything from iPhones to […]
Posted inEnterprise+: Last Night’s Talk Shows
EDEX continues to top the talking heads’ agendas
EDEX 2018 continued to top the talking heads’ agendas on last night’s talk shows. The latest developments in France were also a topic of discussion on Al Hayah Al Youm (watch, runtime: 2:54) and Hona Al Asema (watch, runtime: 8:15). The Arab Organization for Industrialization (AOI) signed a preliminary agreement with a US company to […]