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EARNINGS WATCH- Arabian Cement Company’s net profit after tax dipped to EGP 215.61 mn in 2017 from EGP 245.02 mn the previous year, according to a company release (pdf). The company’s consolidated top line climbed to EGP 2.64 bn from EGP 2.35 bn in 2016.
Author Archives: enterpriseam admin
Posted inSpeed Round
Gov’t looks into making e-visas to Egypt available to all countries
Gov’t looks into making e-visas to Egypt available to all countries: Prime Minister Sherif Ismail discussed expanding Egypt’s e-visa system to make it more widely available during a meeting yesterday with the ICT, planning, and civil aviation ministers, according to a Cabinet statement. The government had officially launched electronic visa services for 41 countries at […]
Posted inSpeed Round
Former EgyptAir VP returns from retirement to chair Air Leisure
MOVES- Former EgyptAir VP Mohamed Moneir has un-retired to chair Egyptian charter airline Air Leisure, Arabian Aerospace reports. The newly company is focused mainly on Asia, since it is “not so sensitive to the Middle East’s geopolitical problems and so did not suffer from sudden dips in tourist traffic.” The carrier operates routes to 10 […]
Posted inSpeed Round
Abraaj considers selling fund management unit amidst “misuse” allegations
Abraaj considers selling stake in fund management spin-off as regulator swirls: Dubai-based emerging markets PE giant Abraaj Group is considering the sale of a stake in its recently-spun off fund management business Abraaj Investment Management Limited (AIML), people with knowledge of the matter tell Bloomberg. Abraaj has reportedly already begun holding meetings with advisers about […]
Posted inSpeed Round
IFC, Attijariwafa sign agreement to boost African trade and investment, support small businesses
IFC, Attijariwafa sign agreement to boost African trade and investment, support small businesses: The International Finance Corporation and Morocco’s Attijariwafa Bank announced yesterday (pdf) they signed an agreement that will see them “jointly explore potential investments in both North and Sub-Saharan Africa,” focusing primarily on improving the flow of trade and investment across the continent, […]
Posted inSpeed Round
Alliance defeats Zulficar in legal community’s third football tournament
BRIEFLY NOTED- Alliance Law Firm defeated Zulficar & Partners in the final match of the legal community’s annual football tournament, which brought together 16 teams from 14 of the country’s top law firms. Our friends at Zulficar tell us they take pride in having knocked Zaki Hashem & Partners out of the semi-finals, taking revenge […]
Posted inSpeed Round
*** 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
Saving Egypt’s history one handicraft at a time
Saving Egyptian history, one handicraft at a time: Over 1,000 artisans in Cairo’s 14th-century Darb El Ahmar district are hoping to salvage what remains of the art and trade passed down from their ancestors, from jewelry- and shoe-making, to carpentry, bookbinding, and glass-blowing, Abdi Latif Dahir writes for Quartz Africa.
Posted inEGYPT IN THE NEWS
International coverage of the presidential elections
The elections continued to dominate international headlines on Egypt. The global media’s coverage of Egypt this morning was split between the election results being a foregone conclusion and monitoring measures taken to ensure a high turnout. The Associated Press’ Maggie Michael says the polls open with President Abdel Fattah El Sisi a certain winner and […]