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Electricity Ministry postpones subsidy elimination to FY2020-2021, but bill will still go up in July: The Electricity Ministry is planning to delay the full elimination of subsidies on power bills to FY2020-2021 from FY2019-2020 as had been originally planned, Minister Mohamed Shaker announced yesterday, Al Shorouk reports. Electricity prices will rise in July as planned, […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Government to announce winners of PPP schools tender next week
Government to announce winners of PPP schools tender next week: The Ismail government plans to announce next week the winners of its tender for the development and management of 200 schools under public-private partnership contracts, sources close to the matter tell Al Borsa. The committee tasked with reviewing the bids has already accepted four technical […]
Posted inSpeed Round
Pharos Holding appoints Ahmed El Ashi as managing director of fixed income
MOVES- Our friends at Pharos Holding have appointed Ahmed Yehia El Ashi as the new managing director for fixed income at the firm’s asset management division, according to a company statement (pdf). El Ashi, a banking veteran with more than 17 years of experience in asset management and commercial banking under his belt, previously headed […]
Posted inSpeed Round
Huawei Egypt appoints Keith Lee as Operations Manager
MOVES- Keith Lee has been appointed as Huawei Egypt’s Operations Manager, succeeding George Lee, who had held the position since 2015, Al Mal reports. Keith has been with the company for years, during which he held leading positions in sales, retail, and other departments. He also worked in the company’s office in Saudi Arabia.
Posted inSpeed Round
Baker McKenzie to focus on expanding activities, especially in sports disputes resolution
Baker McKenzie Egypt sees growth potential in the resolution of sports disputes, Managing Partner Mohamed Talaat says in a sit-down with Al Borsa to take a look at what to expect of 2018. Talaat said he sees investment in Egypt picking up this year as economic conditions continue to improve, with various global firms and […]
Posted inSpeed Round
GB Auto wins best car distributor at bt100 awards
Our friends at EGX-listed GB Auto were named best automotive distributor in Egypt at Business Today’s bt100 awards ceremony on Monday, Youm7 reports.
Posted inUncategorized
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Posted inImage of the Day
Rainbow Northern Lights
Russian photographer Vitaly Istomin captured stunning images of the Northern Lights, showing just how bright and green they can get, and even break to form a rainbow. You can view the full album here, courtesy of Yahoo.
Posted inEGYPT IN THE NEWS
Other international coverage
It’s all miscellany on a blissfully quiet news day for Egypt in the international press. Among the highlights and lowlights: “The [recently enacted] bankruptcy law improves the safe legislative environment for investors. But the Egyptian government still has to get rid of the bureaucratic measures that have become entrenched in the administrative structure of the […]
Posted inOn Deadline
Misreporting on the Israel gas agreement
Some media outlets are playing up the same tired old anti-Israel schtick in a (lame) bid to turn the public against the USD 15 bn Israel gas import agreement, the anonymous columnist writing as Newton says in Al Masry Al Youm. He argues that Qatari and Turkish media in particular are working overtime to manipulate […]