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Actress Rania Youssef’s dress debacle still seems to be making waves in the foreign press, particularly after the Egyptian actors union decided to impose a dress code on women’s attire in upcoming film festivals, according to Gulf News. The suit against Youssef was dropped after the actress apologized, Huffington Post reported. EDEX also garnered some […]
Author Archives: enterpriseam admin
Posted inON THE FRONT PAGES
Egyptian Defense Expo dominates the front pages of our state-owned dailies
The Egyptian Defense Expo is dominating the front pages of Egypt’s three main state-owned dailies this morning (Al Ahram | Al Akhbar | Al Gomhuria). President Abdel Fattah El Sisi’s meeting yesterday with French Defense Minister Florence Parly also made it to the front page of Al Ahram and Al Gomhuria, while all three papers […]
Posted inWorth reading
Investment banks to win big as economies converge
The world’s booming middle class population is a potential diamond mine for asset management firms, Chris Flood writes in special report for the Financial Times. One need only look at the likes of Google and Amazon to realize the investment industry is lagging behind in catering to a global client base — particularly the middle […]
Posted inDiplomacy + Foreign Trade
Egypt refuses Italy’s renewed requests to name Egyptian security forces members
Egypt rejects Italy’s request to name Egyptian security forces members allegedly involved in Regeni murder: Egypt’s public prosecutor has refused Italy’s request to include the names of two Egyptian policemen on the suspect registry in Italy for their suspected involvement in the murder of Italian PhD student Giulio Regeni, according to a statement by the […]
Posted inEnergy
Electricity minister talks cooperation with new AFD country director
Electricity Minister Mohamed Shaker met yesterday with the French Development Agency’s (AFD) new Country Director, Fabio Grazi, to discuss enhancing future cooperation, Al Mal reports. Grazi expressed AFD’s willingness to expand its support for Egypt’s renewable energy sector, particularly wind and solar power projects.
Posted inBanking + Finance
Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors have received from state-owned banks, according to Ahram Gate. The CBE will also offer EGP 50 mn-worth of loans at reduced interest rates of 5-10% to the investors, who have been burdened in recent years […]
Posted inOther Business News of Note
GAFI Board approves regulations for internal workings at investment zones
The General Authority for Freezones and Investments’ (GAFI) board approved yesterday regulations governing investment zones, Al Shorouk reports. These regulations include rules outlining the formation of boards and ensuring that the work of executive officers is in accordance with the Investment Act.
Posted inOther Business News of Note
Vezeeta eyes expansion in Saudi market early next year
Online medical bookings platform Vezeeta plans to expand its services in Saudi Arabia early next year, CEO Amir Barsoum said. The decision comes after Vezeeta secured USD 12 mn in a series ‘C’ fundraising round led by Saudi Telecom’s venture capital arm, STV, which Barsoum said will be used for expanding Vezeeta’s services in the […]
Posted inLegislation + Policy
House Health Committee approves bill on medical accountability
The House of Representatives’ Health Committee has approved a draft law on medical accountability and referred it to parliament’s general assembly for a final vote, local news reported. The committee’s review of the law took into account recommendations from the Council of State (Maglis El Dawla), said committee head Sami El Mashad. If passed, the […]
Posted inON YOUR WAY OUT
Media council trying to suspend Mo4 after complaints over report
Independent publisher under fire for “insulting” Egyptian passport? The Supreme Media Council has reportedly asked the General Authority for Freezones and Investments (GAFI) to suspend Mo4 Network, which owns ElFasla, CairoScene and CairoZoom, for a range of alleged offenses including “insulting the Egyptian passport,” Al Shorouk reported. The media council reportedly received complaints that Mo4’s […]