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Brokerage firms can now seek licenses to take orders for funds: The Financial Regulatory Authority (FRA) has issued new directives that allow brokerage firms to take orders for investments in funds, FRA boss Mohamed Omran said in a statement yesterday. Only brokerages that have been in the market for more than five years will be […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Gov’t targets shifting subsidy beneficiaries from commodities to bread
Gov’t targets shifting subsidy beneficiaries from commodities to bread: The government is targeting reducing the number of subsidized commodities beneficiaries and raising the number of those eligible for bread subsidies during FY2018-19. According to reports on the government’s preliminary budget for the upcoming fiscal year, subsidized bread recipients are expected to rise to 78.6 mn […]
Posted inSpeed Round
Parliament general assembly rubber stamps Ikhwan assets bill
LEGISLATION WATCH- House rubber stamps Ikhwan assets bill: The House of Representatives’ general assembly approved yesterday a bill to regulate the freezing and seizure of Ikhwani assets, Ahram Gate reports. The legislation will establish a specialized committee of judges that will be solely responsible for implementing legal proceedings to freeze Ikhwan members’ assets. Individuals who […]
Posted inSpeed Round
ACDIMA to invest EGP 627 mn in new pharma projects
INVESTMENT WATCH- The Arab Company for Drug Industries and Medical Appliance’s (ACDIMA) is planning to invest EGP 627 mn in growth, according to Health Minister Ahmed Rady. The majority of the investments will be used to acquire private pharmaceutical company T3A. State-Owned ACDIMA had in November signed off on new planned investments that would see […]
Posted inSpeed Round
AXA Egypt Investment taps Ayman Kandil as CEO
MOVES- AXA Egypt Investments has appointed Ayman Kandil as its new CEO, effective 1 June 2018, Al Mal reports. Kandil will take over the position from Gilbert Chahine, who will become the CEO of AXA Partners.
Posted inSpeed Round
Inktank and Enterprise are hiring
*** 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
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Posted inSPOTLIGHT ON EDUCATION REFORM
Egypt could ask World Bank for larger funding package for educational reform, minister says as he unveils educational reform strategy
Egypt may ask the World Bank for a bigger funding package to support its educational reform project, the total cost of which has been estimated at some USD 2 bn, Education Minister Tarek Shawky said yesterday as he fleshed out details of the reform program, Al Ahram reports. President Abdel Fattah El Sisi has asked […]
Posted inImage of the Day
Upper Egyptians revive country’s oldest fencing competition
Upper Egypt has its own version of jousting. Hundreds of men from Upper Egypt gather every year to take part in the country’s oldest running jousting competition, known as Al Mermah (spearing). But unlike its equivalent in the western tradition, the Mermah is not about unhorsing your opponent and more about finding that balance to […]
Posted inEGYPT IN THE NEWS
The foreign press is still having a field day with rights and freedoms issues in Egypt on an otherwise quiet morning
It was another quiet morning for Egypt in the international press, who appear to have taken the lack of news as a signal to resume their fixation with Egypt’s rights and freedom’s issues, with new pieces today from The Washington Post, International Policy Digest, and Deutsche Welle. The AP’s Hamza Hendawi and Samy Magdy also […]