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**#2 Egypt is among three net-importers in the Mideast that are susceptible to EM crisis contagion, says IIF: Egypt, Tunisia and Lebanon are the three Middle East countries most at risk of contagion from the unfolding emerging markets selloff, according to a report from the Institute of International Finance (IIF) (pdf). Data suggests that the […]
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Posted inSpeed Round
Saudi Arabia’s economic reform program is bad news for Egypt?
**#3 Saudi Arabia’s economic reform program is bad news for Egypt, and we need to act now by upping our own reform game, the American Enterprise Institute’s Karen E. Young writes for Bloomberg Opinion. Recent months have seen a “steady exodus” of expats from the kingdom as authorities there take steps to boost national employment […]
Posted inSpeed Round
ECA probing transportation industry, seeks expanded powers
**#5 EXCLUSIVE- ECA looking into Ocean Alliance: The Egyptian Competition Authority (ECA) is looking into international shipping consortium Ocean Alliance and its decision to leave East Port Said, an ECA official told Enterprise. The group — which includes CMA CGM Group, APL, Evergreen, and China’s COSCO Shipping — left the port last month over high […]
Posted inSpeed Round
Vodafone Egypt will not lay-off call center operators in favour of robots
**#6 The spin doctors speak: Vodafone Egypt (sort of) says it won’t lay-off call center operators in favour of robots. The mobile network operator told Al Mal yesterday that it won’t actively lay off call-center staff, but suggested technological “progress” will gradually make some jobs obsolete. That will see VFE stop hiring new operators as […]
Posted inSpeed Round
FRA lowers annual service fees for listed companies by half
REGULATION WATCH- FRA lowers annual service fees for listed companies by half: The Financial Regulatory Authority has slashed annual service fees for listed companies by 50%, FRA boss Mohamed Omran said in a statement yesterday. Companies on the EGX will have to pay an annual fee equivalent to 0.05% of their issued capital, down from […]
Posted inSpeed Round
Egypt moves to the forefront of the EU immigration debate
Egypt moves to the forefront of the EU immigration debate: European Union Council President Donald Tusk and Austrian chancellor Sebastian Kurz have put put Egypt on this Wednesday's agenda at the informal gathering of all 28 EU heads of state and government in Salzburg, the EU Observer reports, citing EU sources. The EU has been […]
Posted inSpeed Round
EBRD aims to raise investment in Arab world to EUR 2.5 bn by year’s end
EBRD aims to raise investment in Arab world to EUR 2.8 bn by year’s end: The European Bank for Reconstruction and Development (EBRD) plans to bring its total investment in the Arab world to EUR 2.5 bn by the end of 2018, up from EUR 2.2 bn at the end of last year, Southern and […]
Posted inSpeed Round
Yomeddine gets North American distribution agreement
**#9 Egypt Oscar entry Yomeddine gets North American distribution agreement: Egypt’s entry for best foreign-language film at the upcoming Academy Awards is heading to cinemas in the US and Canada, according to an exclusive from Variety, which writes, “Strand Releasing has acquired all North American rights for A.B. Shawky’s road comedy ‘Yomeddine’ from CAA and […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
The E-Commerce Summit in Egypt takes place on Wednesday, 26 September. The Egyptian-Sudanese ministerial committee will meet at the end of this month ahead of a presidential summit set to be held in Khartoum in October. The Egypt-Romania business council will meet in Bucharest from 7-11 October, according to Al Mal.