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MOVES- Omar Sherif (LinkedIn) has been named partner at Shalakany Law Office, the firm announced (pdf). Sherif, who has been with Shalakany for nine years, is a corporate law specialist with a focus on capital markets and mergers and acquisitions.
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt and Germany sign USD 1.14 bn arms agreement, Saudi backs out
Egypt to purchase frigates from Germany in USD 1.14 bn transaction: Egypt has signed a c.USD 1.14 bn order for two Meko 200 frigates with Germany’s ThyssenKrupp Marine Systems , German newspaper Handelsblatt cited sources as saying, according to Reuters. The two sides are still working out equipment details and financing.
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 inUncategorized
What we’re tracking this week and beyond
The government will auction off EUR 675 mn in one-year treasury bills tomorrow, the central bank said, according to Reuters. The auction will be settled on 13 November with a minimum bid of 100k face value. The Cairo Regional Centre for International Commercial Arbitration-sponsored Sharm El Sheikh VII conference will take place between 9-10 December […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 11 November 2018: Scarab beetles and Brazilian beef
Topping coverage of Egypt in the news is the discovery by archaeologists of a rare collection of mummified scarab beetles, cat statues, and a pristine Fifth Dynasty tomb with an unusually intact facade and door, according to Reuters. The discoveries were among seven tombs unearthed over the past six months on the edge of the […]
Posted inOn Deadline
Government should be focusing on attracting FDI to get out of debt trap
Foreign direct investment is the key to getting Egypt out of its debt trap, Mahmoud Al-Alayli writes for Al Masry Al Youm. Tapping global debt markets was inevitable as the government implemented austerity measures and economic reforms, but now attracting FDI should be the way we look to end the vicious cycle of borrowing. FDI […]
Posted inWorth reading
The costs of entrepreneurship without a safety net
The costs of entrepreneurship without a safety net: There is a serious lack of cultural awareness of the risks associated with starting a business without having the safety net afforded by traditional employment, argues Cal Halvorsen in an op-ed in Fast Company. According to data from the US Small Business Administration (pdf), only about half […]
Posted inWorth watching
Will you earn more money because of your university degree? Perhaps not, the Economist suggests.
Going to university doesn’t necessarily translate into a bigger paycheck or a greater certainty of employment, according to the Economist. In fact, you might be missing out on making USD 60,000 while pursuing a standard four-year degree. The educational bar has consistently been rising, making degrees a standard requirement for jobs that once had completely […]
Posted inDiplomacy + Foreign Trade
Egypt inks port cooperation MoU with Ukraine
Egypt has inked a port cooperation protocol with Ukraine, one of its top suppliers of wheat, the Maritime Executive reports, saying the two sides signed in Kyiv on 2 November a memorandum of understanding between the ports of Alexandria and Damietta and the Ukrainian Sea Ports Authority. The MoU will see the formation of a […]
Posted inDiplomacy + Foreign Trade
Egypt’s new ambassador to Sudan arrives in Khartoum to assume his duties
Egypt’s new ambassador to Sudan Hossam Eissa arrived in Khartoum on Saturday to assume his duties. Eissa’s post begins as Egypt and Sudan have been working to de-escalate tensions between the two countries over the Grand Ethiopian Renaissance Dam (GERD), which have yet to reach a breakthrough, and trade.