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Workers are driven by “meaning” not paychecks: Studies show that 9 out of 10 workers would choose meaningful jobs over a bigger paycheck. “Work is about a search for daily meaning as well as daily bread, for recognition as well as cash, for astonishment rather than torpor,” wrote Pulitzer Prize-winner Studs Terkel over 40 years […]
Author Archives: enterpriseam admin
Posted inWorth watching
Bill Gates wants to reinvent the toilet
Bill Gates wants to reinvent the toilet, saying a different design could save 500k lives and USD 233 bn a year, according to Bloomberg. The Bill & Melinda Gates Foundation has funded USD 200 mn-worth of sanitation research and presented some 20 new toilet models that are healthier, more advanced, and much more economical in […]
Posted inDiplomacy + Foreign Trade
Lebanon Tourism Minister Guidanian apologizes for calling Egypt dirty
Lebanon’s Tourism Minister Avedis Guidanian has formally apologized for calling Egypt dirty, Lebanon’s state-run National News Agency said. Guidanian referred to Egypt in an interview on Monday with The Daily Star as dirtier, louder, and more crowded, saying it nevertheless manages to bring in more tourists than his country.
Posted inDiplomacy + Foreign Trade
Shoukry meets with Egyptian-British parliamentary friendship group delegation
Foreign Minister Sameh Shoukry met yesterday with a delegation from the Egyptian-British parliamentary friendship group prior to their visit to London to discuss ways to strengthen bilateral relations with the UK, according to a Foreign Ministry statement.
Posted inEnergy
ExxonMobil to expand oil and gas activities in Egypt
ExxonMobil is looking to shore up its oil and gas activities in Egypt, company President Bryan Milton said during a meeting with Oil Minister Tarek El Molla, according to an Oil Ministry statement (pdf). No further details were provided, but the company said earlier this year it is planning to invest 60 mn in Egypt […]
Posted inReal Estate + Housing
Mariout Hills launches EGP 500 mn eco-friendly compound in New Alamein
Real estate developer Mariout Hills has launched a EGP 500 mn environmentally-friendly residential compound in New Alamein, chairman Ahmed Hassan tells Al Mal. The project’s first phase will be complete by 2021 and offer 250 reduced-cost eco-friendly. We had noted earlier this week that the company is looking to invest a total of EGP 8 […]
Posted inTourism
Al Mashat meets WTTC CEO, tourism ministers at London WTM
Tourism Minister Rania Al Mashat met yesterday with the UK’s Minister of Arts, Heritage and Tourism, Michael Ellis, and World Travel & Tourism Council (WTTC) president and CEO Gloria Guevara Manzo during the London World Travel Market (WTM) to discuss her plans to reform Egypt’s tourism industry. Al Mashat also participated in a panel discussion […]
Posted inBanking + Finance
Investor Protection Fund coverage to expand to EGP 1 mn
The Egyptian Investor Protection Fund (EIPF) is considering expanding its investment portfolio coverage limit to EGP 1 mn from EGP 500k to cover stock market losses resulting from fraud, its chairman Mamdouh Abu Elazem told Youm7. We had previously reported that FRA had completed amendments to expand the scope of the EIPF’s coverage and sent […]
Posted inBanking + Finance
Fawry Plus signs with 13 major Egyptian banks to offer banking services
E-payments outlet Fawry Plus signed contracts with 13 local banks, including CIB and the National Bank of Egypt, to start offering limited banking services to the banks’ customers before year-end, a source from the company told Al Mal. The service will initially allow bill payment and access to smart wallets, but will not cover direct […]
Posted inBanking + Finance
Lincom Investments hires Grand Investment to manage IPO before year-end
Red Sea-focused real estate investment firm Lincom Investments has hired Grand Investment to manage the IPO of 25% of its shares on the EGX in December, Chairman and Managing Director Ehab El Hattawy told Al Mal. The company has commissioned a fair value report and expects to shortly file it with the Financial Regulatory Authority […]