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LEGISLATION WATCH- House aims to pass Local Administration Act, Press and Media Act part 2 this legislative session: The House of Representatives is aiming to pass the second part of the Press and Media Act during the current legislative session, Parliamentary Speaker Ali Abdel Aal tells state-owned Al Ahram. The Press and Media Act, now […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Agriculture Ministry to launch smart card system for farmers in a bid to tighten control over exports
The Agriculture Ministry is expected to launch a new smart card system for farmers in a bid to tighten controls over exported produce, Deputy Minister Safwat Al Haddad tells Al Borsa. The new system will aim to keep better track of shipments earmarked for exports. Exporting farmers will be required to register for a number […]
Posted inSpeed Round
CBE ends EGP 10 bn medium-sized business initiative
CBE ends EGP 10 bn medium-sized business initiative: The central bank has instructed banks to stop giving out new short-term loans to medium-sized enterprises under a EGP 10 bn finance initiative launched in March 2017. The initiative has fulfilled its objectives and the loans allocated have been fully utilized, the CBE said in a statement […]
Posted inSpeed Round
New Financial Regulatory Authority board ratified
The Financial Regulatory Authority’s new board has been ratified, according to Youm7. The seven-member board got sign off from Prime Minister Sherif Ismail yesterday. Members include Vice Minister of Finance Mohamed Mait and a deputy central bank governor that CBE chief Tarek Amer will select. The board is expected to get to work on executive […]
Posted inSpeed Round
Earnings watch: Domty reports 2017 results
EARNINGS WATCH- Cheese maker Domty recorded a 140% y-o-y increase in consolidated net profit after tax to EGP 61.52 mn in FY2017, up from EGP 25.5 mn the previous year, according to an EGX disclosure (pdf). The company’s sales for the year came in at EGP 2.25 bn, up from EGP 1.7 bn in 2016.
Posted inSpeed Round
Are the big investment banks going to adopt a platform that could kill their sales teams?
Are the big investment banks going to adopt a platform which could kill their sales teams? JPMorgan, Bank of America and Citi are developing a new platform to overhaul the disjointed bond issuance process, the Financial Times reports. The three, who made nearly USD 5 bn from arranging bond sales for clients in 2017, are […]
Posted inUncategorized
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Posted inImage of the Day
Egypt’s Bassam Allam wins 2018 Sony World Photography Award
Cairo-based fashion and portrait photographer Bassam Allam snagged a Sony 2018 World Photography Awards, the 29-year-old announced on his Instagram account. Allam’s photo ‘Portrait of Adima’ won first place for the Egypt National Award and was commended in the Open Competition portrait category. Allam’s work will be exhibited at the world-famous Somerset House in London […]
Posted inOn Deadline
To make tourists want to come back, we must improve their experience while visiting Egypt
To make tourists want to come back, we have to make sure they have great experiences while visiting Egypt, Amina Khairy writes for Ahram Gate. Khairy admits that security is an important factor to attract visitors, but stresses that there are several downsides to the Egyptian experience — including Egyptians ourselves. She calls for a […]
Posted inWorth reading
Our perception of affluence is a bigger determinant of behavior than financial realities
The way we perceive our economic standing often often has a bigger effect on our behavior than the reality of the situation. Psychologists have found that people often derive their perception of their affluence through comparison with others — and are likely to change their behavior based on the subjective experience of feeling poor. This […]