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MOVES- CBE Governor Tarek Amer was named president of the Association of African Central Banks (AACB) for the 2018/19 session. Amer is the first Egyptian CBE governor to take on the job. The 2018 AACB meetings wrapped up in Sharm El Sheikh last week.
Author Archives: enterpriseam admin
Posted inSpeed Round
Security forces block suicide bomber from attacking Qalyubiyah church
Security forces block suicide bomber from attacking church: Security forces prevented a suicide bomber from entering a church in Qalyubiyah, causing the attacker to detonate his suicide vest 250 m away from the church causing no other casualties besides himself, Reuters reports, citing MENA. Coptic Christians had gathered at the church to celebrate the Virgin […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
Governors shuffle coming this week? As many as 12 of the nation’s 27 governors could be replaced in a reshuffle expected to take place on Tuesday or Wednesday, sources tell Al Masry Al Youm. The list of new governors has not been finalized but leading jurists were reportedly among the candidates for higher office in […]
Posted inEGYPT IN THE NEWS
New administrative capital will bring economic, security benefits
As we noted above, the failed suicide attack at a Coptic church in Qalyubiyah topped headlines on Egypt in the foreign press this morning. The new administrative capital’s main benefit lies in the amount of work it creates for Egypt’s construction center, which is already booming, says NBC News' Rachel Elbaum. While Elbaum notes the […]
Posted inEGYPT IN THE NEWS
Resuming military aid to Egypt will reverse progress on human rights issues
Resuming military aid to Egypt is still receiving coverage: The US’ resumption of aid to Egypt continues to play out in the foreign press. The US’ decision to resume disbursing military aid to Egypt “is inviting the Egyptian government to backslide” on the progress it has made on improving human rights in the country, Andrew […]
Posted inEGYPT IN THE NEWS
Bolton Museum to open GBP 3.8 mn Egyptology gallery in September
Manchester’s Bolton Museum’s GBP 3.8 mn Egyptology gallery will open its doors to visitors on 22 September, showcasing around 15,000 Ancient Egyptian artefacts, according to Bolton News. Other headlines worth a look this morning: Banking deposits in Egypt have been on the rise as people try to capitalize on high key interest rates for as […]
Posted inOn Deadline
Building code violations are costing the state bns due to lack of local administration
Building code violations are costing the state bns as a result of the lack of proper local administration, says Adel El Zanaty. Violations should only be settled once a team of engineers ensure that the building in question is structurally stable and safe, and real estate taxes should only be imposed on the owners of […]
Posted inWorth reading
KSA’s investments in Silicon Valley have an “obvious potential for disaster”
US tech meets Saudi investments is an unholy alliance, says the FT: US tech companies accepting Saudi investments has an “obvious potential for disaster” thanks to the “glaring contradictions” in the two sides’ values, Tom Braithwaite writes for the Financial Times. Saudi Arabia has been quietly but steadily expanding its network of investments in Silicon […]
Posted inWorth watching
NASA is flying a spacecraft on a mission to ‘touch’ the sun
The world’s first visit to a star begins today: NASA's Parker Solar Probe is launching a satellite today on a mission to explore the sun's atmosphere, according to CNN. The Probe is expected to get closer to the sun than any man-made object ever has and should orbit around 3.9 mn miles away its surface […]