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EARNINGS WATCH- Attijariwafa Bank reported a 68% y-o-y jump in net profit to EGP 1.1 bn in FY2017, marking a new record for the bank, according to an emailed statement (pdf). The rise in profit comes on the back of higher interest rates, increased lending, and increased deposits.
Author Archives: enterpriseam admin
Posted inSpeed Round
Two policemen killed in Alexandria bomb attack aimed at security director
Two policemen were killed and five more were injured in a bomb attack in Alexandria targeting the governorate’s security director, Reuters reports. No group or individual claimed responsibility for the attack, but the state news agency said it was part of the Ikhwan’s efforts to “disrupt” the presidential elections that kick off tomorrow, according to […]
Posted inSpeed Round
Ahmed Ezz removed from EU blacklist
Ezz Steel boss Ahmed Ezz and five others had their names removed from an EU Council blacklist on Wednesday, according to a statement from the council (pdf).
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
** 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
Can the Nile, and the agriculture that depends on it, survive?
Can the Nile, and the agriculture that depends on it, survive? In a photo-essay for the Washington Post, Jonathan Rashad explores the toll overpopulation, despeciation, climate change, pollution, and dam construction have taken on the world’s longest river. The piece notes the woes of farmers of the Nile Delta, home to half of Egypt’s population […]
Posted inEGYPT IN THE NEWS
Foreign media feeding frenzy on Egypt presidential election continues
The foreign media is still in a feeding frenzy over Egypt’s presidential elections, which are now only one day away. Reuters quotes President Abdel Fattah El Sisi’s Friday remarks in defense of his “tough austerity measures,” while the Times notes that he said he would have liked to see more opponents in the race, and […]
Posted inDiplomacy + Foreign Trade
Sameh Shoukry meets India’s PM in New Delhi
Foreign Minister Sameh Shoukry met with India’s Prime Minister Narendra Modi during a short visit to New Delhi last week for a joint Egyptian-Indian Committee meeting, according to a ministry statement. Discussions ranged from counterterrorism to investments, particularly in the areas of textiles, energy and technology, Shoukry told India Today in an exclusive interview. He […]
Posted inDiplomacy + Foreign Trade
Egypt still working to mediate Palestinian reconciliation
Egypt is working to prevent Palestinian President Mahmoud Abbas from declaring Gaza a “rebel territory” if Hamas does not hand over the administration of the strip, sources tell Asharq Alawsat.
Posted inDiplomacy + Foreign Trade
Egypt signs USD 80 mn contract to import livestock from Ethiopia for two years
Egypt’s Trust Group and Ethiopia’s Alfoz PLC signed on Thursday a USD 80 mn, two-year contract to export a monthly 6,000 heads of livestock from Ethiopia, Al Shorouk reports. The agreement comes in line with efforts to boost trade and economic relations between the two countries, especially amid tensions over the Grand Ethiopian Renaissance Dam […]