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Gender differences in the professional landscape could be a result of differences in the power granted to men and women, according to the Columbia Business School of Executive Education. Psychologists conducted a series of studies in which they randomly assigned power conditions to participants of both genders, then tested their ability to negotiate and interpreting […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Steel manufacturers call for anti-dumping duties
Steel manufacturers are calling for further anti-dumping duties on steel imports. The recent calls come amid fears that the registration of Saudi, Omani and Greek steel exporters with the Export and Import Control Authority, which local manufacturers feel may flood the market, Al Watan reports.
Posted inHealth + Education
CanWell Education to spend EGP 400 mn in second phase of new capital’s Canadian university
CanWell Educational Consultants is planning to invest EGP 400 mn to complete the second phase of the University of Canada in Egypt in the new administrative capital, Chairman Magdy El Kady tells Al Mal. CanWell expects to invest a total of EGP 2 bn in the university over the course of seven years, according to […]
Posted inHealth + Education
House general assembly approves USD 168 mn JICA loan for Japanese schools
The House of Representatives’ general assembly approved yesterday a USD 168 mn loan from the Japan International Cooperation Agency (JICA) to finance the construction of 45 new Japanese-style schools, Al Shorouk reports. Egypt is chipping in with USD 200 mn for the project.
Posted inHealth + Education
Speed Medical to invest EGP 25 mn in 14 new labs in Canal governorates
Speed Medical is planning to invest EGP 25 mn to set up 14 new labs in Canal governorates and Damietta, company Chairman Mahmoud Lasheen said, without clarifying the planned timeline for the investment. The company is focusing on these governorates since the rollout of the Universal Healthcare Act will begin there, Lasheen said. The project […]
Posted inTelecoms + ICT
Vodafone Egypt to pay EGP 1.1 bn in dividends to shareholders, including TE
Vodafone Egypt’s EGM approved last month paying EGP 1.1 bn in dividends to shareholders, with nearly EGP 500 mn going to state-owned landline monopoly Telecom Egypt, which holds 45% stake in the company, Telecom Paper reports.
Posted inOther Business News of Note
Veon makes offer to acquire Global Telecom assets in Pakistan and Bangladesh for USD 2.5 bn
Amsterdam-based Veon Holdings made an offer to acquire some of Global Telecom Holding’s (GTH) assets in Pakistan and Bangladesh for USD 2.6 bn, Veon said in a press release on Tuesday. Veon will buy GTH’s Pakistan subsidiary Jazz and its associated operations, in addition to Bangladesh telecom Banglalink. The transaction “is expected to be satisfied […]
Posted inOther Business News of Note
IKEA to open at Mall of Arabia by 2020
Al Hokair Group’s Marakez for Real Estate Investment signed an MoU with Al Futtaim Misr for Retail, to open an IKEA store at Mall of Arabia by 2020, according to a company statement (pdf). This will be the Swedish retailer’s second store in Egypt following its Cairo Festival City store.
Posted inEgypt Politics + Economics
Court acquits businessman Ehab Talaat in Al Ahram corruption case
The Cairo Criminal Court acquitted businessman Ehab Talaat of corruption charges yesterday, Al Shorouk reports. Talaat had been accused of misappropriating EGP 30 mn of public funds that were meant to be directed towards state-owned Al Ahram. The court also unfroze Talaat’s assets and scrubbed his name from the no-fly list.
Posted inSports
Egyptian tennis player Karim Hossam banned from tennis for life for match fixing
Global tennis’ anti-corruptions body, the Tennis Integrity Unit (TIU), slapped Egyptian tennis player Karim Hossam with a lifetime ban from the game and a USD 15,000 fine for match-fixing offences, the TIU said in a statement. Hossam was found guilty of sixteen corruption charges in the period between 2013-2017, including match-fixing, betting, providing "inside information" […]