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LEGISLATION WATCH- House unlikely to discuss rent control law this legislative session: The House of Representatives is unlikely to discuss proposed amendments to the law on rent control during the current legislative session since the House’s legislative agenda is packed with higher priorities, including the FY2018-19 draft state budget, committee deputy chair Mohamed Abdelwahab tells […]
Author Archives: enterpriseam admin
Posted inSpeed Round
UAE looks to eliminate foreign ownership limits, extend residency visa duration,
UAE could eliminate foreign ownership limits, extend duration of residency visas: The UAE is expected to lift foreign ownership limits on local companies, allowing foreign investors 100% ownership by the end of the year, according to the UAE’s news agency WAM. The new policy also grants 10-year visas to foreign workers in the medical, scientific, […]
Posted inUncategorized
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Posted inImage of the Day
Alexandrian uses festive light bulbs to install 50m tall Ramadan lantern, eyes Guinness listing
Egyptian Ramadan lantern wants to snag Guinness World Records for tallest in the world: In celebration of the holy month, Egyptian citizen Ahmed Al Hajo installed a 50-meter-tall Ramadan lantern using iron and festive light bulbs in his neighborhood in Alexandria, Al Arabiya reports. Having been fond of street decoration since his childhood, Al Hajo […]
Posted inEGYPT IN THE NEWS
Drive by from the Wall Street Journal on military in the economy
Egypt’s military economy has flourished at the expense of the private sector, Jared Malsin writes for the WSJ in a feature-length drive-by that made the homepage of the digital edition of the newspaper. It’s a story that has practically become a meme for the international press in recent years, and the significance of Malsin’s piece, […]
Posted inEGYPT IN THE NEWS
Egypt among “biggest food wasters” despite child malnutrition
The average Egyptian throws away 73 kg of food every year, making Egypt one of the “biggest wasters of food,” according to a VOA News photo essay that cites an NGO’s claim that some 40% of food in Egypt is wasted. Egypt among the 20 countries with th ehighest number of children suffering from chronic […]
Posted inWorth reading
Who benefits the most when a company is successful: It’s shareholders or its employees?
The coolest ratio we’ve seen in a long time: The New York Times’ so-called Marx Ratio claims to provide a (rough) answer to the age-old question of “who benefits the most when a company is successful: It’s shareholders or its employees?” A little-noticed provision in the 2010 Dodd-Frank act requires publicly traded firms in the […]
Posted inWorth watching
Is banking an inherently immoral profession? History suggests otherwise
Is banking an inherently immoral profession? History suggests otherwise: The reputation of bankers has never been great through the ages (see Ebenezer Scrooge, Shakespeare’s Shylock). A reputation for unquenchable avarice reached its fever pitch following the global financial crisis. But it wasn’t always so: In Industrial Age Britain, scions of banking families at some of […]
Posted inDiplomacy + Foreign Trade
Shoukry in Algeria for tripartite meeting on Libya
Foreign Minister Sameh Shoukry was in Algiers yesterday to take part in a tripartite ministerial meeting on Libya, according to a ministry statement. The meeting, which includes Egypt, Tunisia, and Algeria, reaffirmed previous resolutions on Libya including rejecting foreign intervention.
Posted inDiplomacy + Foreign Trade
El Sisi calls Abbas to wish him well after hospitalization
Palestinian President Mahmoud Abbas was hospitalized in the West Bank on Sunday for the third time in less than a week. Doctors said the 82-year-old leader’s condition was “reassuring,” Reuters reports. President Abdel Fattah El Sisi called yesterday to check on his health, according to an Ittihadiya statement.