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IPO WATCH- Unionaire Group has reportedly pushed its planned IPO to 1Q2019, company sources said on Thursday. The company has yet to determine the size of its listing, but it will likely be in the range of 30% of its shares, according to the sources. Unionaire Group had been expected to list in 2H2018, as […]
Author Archives: enterpriseam admin
Posted inSpeed Round
House Budget Committee holds hearings with ministers on FY2018-19 budget
BUDGET WATCH- House Budget Committee holds hearings with ministers on FY2018-19 budget: The House of Representatives’ Budget Committee held a series of hearings on Saturday with cabinet ministers to discuss the FY2018-19 budget. Finance Minister Amr El Garhy spoke about his optimism on the state of the economy and the long term objectives of the […]
Posted inSpeed Round
Did the government really issue the executive regulations of the Universal Healthcare Act?
LEGISLATION WATCH- Did the government really issue the executive regulations to the Universal Healthcare Act? The Ismail Cabinet has approved the executive regulations of the Universal Healthcare Act and issued them yesterday, Health Minister Ahmed Rady reportedly told the House Budget Committee hearings on Saturday. While we had been expecting the Ismail Cabinet to announce […]
Posted inSpeed Round
Parliament committees to discuss Leasing and Factoring Act, amendments to Economic Courts Law today
LEGISLATION WATCH- House committees to discuss Leasing and Factoring Act, amendments to Economic Courts Act today: The House of Representatives’ Economic Committee is discussing today the proposed Leasing and Factoring Act, according to Ahram Gate. The legislation, which the Ismail Cabinet approved last August, sets up a regulatory framework for factoring and leasing, adds clauses […]
Posted inSpeed Round
Earnings Watch: MNHD, Centamin report 1Q2018 results
EARNINGS WATCH- Madinet Nasr Housing and Development posted (pdf) a net profit after tax of EGP 313.5 mn in 1Q2018, down from EGP 407.2 mn during the same period last year. Top line was 18% lower y-o-y at EGP 610.8 mn, partially due to pre-sales reaching EGP 1.5 bn — most of which came from […]
Posted inSpeed Round
Defense Ministry amends land use regulations in Sinai
Defense Ministry amends land use regulations in Sinai: The Defense Ministry issued a new directive on Saturday on regulations governing land use in Sinai, Youm7 reports. The directive, published in the Official Gazette, divide up the peninsula into zoning districts and restricting ownership in some of these districts to full Egyptian citizens born to Egyptian […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
How slow a news day is it for Egypt in the international press? Slow enough that news “Egypt has moved the sixth and last chariot of famed pharaoh Tutankhamun to an under-construction museum near the pyramids in Giza“ from the Associated press is leading on both sides of the Atlantic (see the UK’s Independent and […]
Posted inEGYPT IN THE NEWS
The teenager who designed a Met Gala dress
CAC grad designs dress for Met Gala, one of the “most-scrutinized fashion events in the world”: Russian-American design student Katya Ekimian described Egypt as the “perfect place to learn to sew” after landing a gig to design a Met Gala dress for the wife of the president of the Metropolitan Museum of Art, Maya Salam […]
Posted inWorth reading
Students — especially those who are always glued to a screen — learn better from print, not digital textbooks
Students — especially those who are always glued to a screen — learn better from print, not digital textbooks: Researchers have found that while most students say they prefer reading on a screen, their performance ends up suffering when they opt for a digital textbook, according to Business Insider. Part of the issue is “related […]