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Kiss your assigned seat goodbye: Private offices have already gone the way of the dodo bird. Next up: Your employer is taking away your desk, too, writes Sue Shellenbarger for the Wall Street Journal. “Employers are replacing traditional one-desk-per-employee setups with a smaller number of first-come, first-served desks, plus additional workspaces with names like huddle […]
Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
Cyprus, Egypt to resume talks on electricity grid linkup next month: A Cypriot delegation will visit Egypt next month to resume talks on the USD 4 bn project to connect the electricity grids of Egypt, Cyprus, and Greece, government sources said. Tender for grid connection with Sudan moving along: The Cypriot delegation’s visit comes as […]
Posted inEnterprise+: Last Night’s Talk Shows
Marginal rise in USD rate ahead of Ramadan, MPs split from FEP, more on Palestine
The airwaves covered everything from updates on the violence in Palestine to the seasonal fall of the EGP against the USD. The EGP falling to 17.86 per greenback is normal and expected due to seasonal factors including Ramadan, former Banque Misr deputy chairman Sahar El Damaty told Yahduth Fi Masr host Sherif Amer. Ramadan sees […]
Posted inSpeed Round
Unemployment rate drops to 10.6% in 1Q2018 from 11.3% a year before
Unemployment falls to 10.6% in 1Q2018, down from 11.3% in the comparable period last year, CAPMAS announced in its quarterly report. Overall, the labor force grew slightly by 0.1% y-o-y to 29.2 mn people in 1Q2018. Far more women than men remain unemployed: The unemployment rate for women was 22.0% in the quarter against 7.3% […]
Posted inSpeed Round
CBE to launch sweeping debt-relief program for businesses with non-performing loans?
CBE to launch sweeping debt-relief program for businesses with non-performing loans? The central bank is reportedly about to launch an initiative that would see as many as 107k businesses forgiven interest payments, late charges and lawsuits over loans they are unable to repay, CBE Governor Tarek Amer tells Al Mal. Those eligible for the initiative […]
Posted inSpeed Round
Gov’t hopes to raise EGP 15-18 bn from first phase of privatization program between June 2018 and early 2019
IPO WATCH- Government hopes to raise EGP 15-18 bn from first phase of privatization program between June 2018 and early 2019, petrochem companies first on the list: The government is hoping to raise as much as EGP 15-18 bn from the first phase of its privatization program this year, the Cabinet said in a statement […]
Posted inSpeed Round
EGX to amend listing regulations
REGULATION WATCH- EGX to amend listing regs: Speaking of listings, the board of the EGX met yesterday to amend the listing regulations, sources tell Youm7. The changes, which bring the regulations in line with the latest draft of the executive regulations of the Capital Markets Act, will see amendments to procedures for delisting. It will […]
Posted inSpeed Round
AOI, Fiat will assemble Jeeps together in Egypt for another decade
AOI, Fiat will assemble Jeeps together in Egypt for another decade: The Arab Organization for Industrialization has inked an agreement with Fiat Chrysler Automobiles that extends their partnership on the production of Jeep automobiles for another 10 years, the Trade and Industry Ministry said in a statement yesterday. The two sides are planning to produce […]
Posted inSpeed Round
TE, MENA Cables reach final agreement on acquisition
M&A WATCH- TE, MENA Cables reach final agreement on acquisition: Telecom Egypt and MENA Submarine Cables System have reached a final agreement on all the details of TE’s USD 90 mn acquisition of MENA Cables, sources close to the transaction tell Al Mal. Orascom Telecom Media and Technology (OTMT) is selling 100% of the cable […]