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MOVES- Kuwait-based KAMCO Investment Company has appointed Sherif Abdel Aal (LinkedIn) as managing director and head of mergers and acquisitions. Abdel Aal was most recently managing director and head of investment banking at Pharos. Noha Ghazaly was announced yesterday as Abdel Aal’s successor at Pharos.
Author Archives: enterpriseam admin
Posted inSpeed Round
Saudi issues decree protecting whistleblowers
Saudi King Salman has issued a decree protecting employees who report financial and administrative corruption, Reuters reports, citing Al Arabiya TV. The decree to shield whistleblowers comes as part of a massive anti-graft campaign that included the detention of dozens of royals and top businessmen last year, including Prince Alwaleed bin Talal.
Posted inSpeed Round
Smart people wanted
*** SMART PEOPLE WANTED. We’re hiring at both Enterprise and at our parent company, Inktank. We’re looking for critical thinkers who have outstanding English-language writing skills. Don’t apply if you are not (at an absolute minimum) unafraid of numbers. We offer a great, casual work environment, the opportunity to work with smart people who care […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inImage of the Day
New York's Statue of Liberty was meant to be a Muslim woman guarding the Suez Canal
America’s most iconic symbol was originally meant to be a Muslim woman guarding the newly-opened Suez Canal. The first sketch of New York’s Statue of Liberty by architect Frédéric Auguste Bartholdi was first intended to represent an “Egyptian peasant in Muslim garments.” In his early designs, Bartholdi called the sculpture “Egypt Carrying the Light to […]
Posted inEGYPT IN THE NEWS
Studies concluding there are no hidden chambers in King Tut’s tomb tops coverage of Egypt
It’s all Tut, all the time this morning after the Antiquities Ministry’s announcement yesterday that studies have concluded there are no hidden chambers in King Tutankhamun’s tomb. A series of tests conducted by a scientific team from the Polytechnic University of Turin “concluded, with a very high degree of confidence,” that there are no voids […]
Posted inOn Deadline
Investing in agriculture is the real starting point for economic growth
Investment in agriculture could kickstart real economic growth in Egypt, says Adel El Zanaty. He explains that the 1.5 mn feddans project initiated by President Abdel Fattah El Sisi is the seed of a real economy, as it would not only cover local consumption of wheat, but will also leave enough to export. However, the […]
Posted inWorth watching
WFP starts using blockchain in refugee camps to create a digital identity, cut down on banking fees
The World Food Programme (WFP) is starting to use blockchain in refugee camps to provide food stipends without using physical money, according to the World Economic Forum. The system dramatically cuts down on banking processing costs worth mns of USD and eliminates the need for bank accounts. Instead, aid recipients can go to a grocery […]
Posted inDiplomacy + Foreign Trade
Trade Ministry issues new guidelines on importing scrap plastic, rubber
Trade and Industry Minister Tarek Kabil issued yesterday new guidelines that allow importing plastic and rubber waste , according to a ministry statement. The decision, made in coordination with the Environment Ministry, removes plastic and rubber waste from a list of banned hazardous waste, allowing their import for recycling, provided they come with a certificate […]
Posted inBasic Materials + Commodities
Gov’t purchased 1.8 mn tonnes of local wheat for EGP 6 bn
The government has purchased 1.8 mn tonnes of local wheat from local farmers since the wheat harvest season kicked off last month, paying out EGP 6 bn so far, says Supply Minister Aly El Mosely. The ministry has reached almost half of its target of 4 mn tonnes for this season, El Moselhy added. The […]