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Banque Misr considers lower interest rates on highest-yielding CDs, could scrap them in 2H2018: Banque Misr plans to lower yields on certificates of deposit currently carrying rates of 20% in 2H2018, bank chairman Mohamed El Etreby tells the Creature of the Blue Lag..studios of Ala Mas’oolity. The bank is also mulling over scrapping the highest […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Cabinet approves amendments to Income Tax Law, draft law regulating billboards
CABINET WATCH- The Ismail Cabinet approved yesterday amendments to the Income Tax Law to facilitate procedures for submitting tax declaration forms, according to an official statement. The new procedures will grant a 60-day window after declaration forms are submitted to the Tax Authority for citizens to submit the remaining necessary documents. The move is meant […]
Posted inSpeed Round
Egypt climbs six spots in Agility’s Emerging Markets Logistics Index
Egypt climbed six spots to rank 14th in Agility’s 2018 Emerging Markets Logistics Index (pdf), which surveys 500 supply chain executives to assess the performance of 50 emerging markets based on their economic, trade, and social data. The surge came thanks to “bold steps” taken to normalize the economy over the past two years, improvements […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt in the News on 24 January 2018
The only story on Egypt of interest to the international press this morning is the arrest of would-be presidential candidate Sami Anan on charges he violated military law. We have the roundup in Speed Round, above.
Posted inOn Deadline
Opinion writers come out in support of Anan’s detention
Opinion writers came out strongly in support of former Armed Forces chief of staff Sami Anan’s detention yesterday. Al Masry Al Youm’s Mohamed Amin says the former presidential candidate must have done something significant to warrant his detention, since he had announced his candidacy in 2014 but had not faced any legal repercussions from the […]
Posted inWorth reading
Eight PowerPoint presentations that changed the world
Can PowerPoint change the world? Maybe not, but the claim is that these eight presentations certainly did. The staple of advisory teams, boardrooms and classrooms has come a long way since the software was released in 1987. The pilot presentation prepared by its founders imagined how Christopher Columbus might have pitched his transatlantic voyage to […]
Posted inWorth watching
Siri self-destruct
Hey, Siri: Self-destruct. You would have thought this was an urban legend, but a man in China learned the hard way that a smartphone battery will explode if you bite into it, the Huffington Post reports. The inspiration for his lithium lunch seems to be a check for authenticity, a common habit when buying gold […]
Posted inDiplomacy + Foreign Trade
Negotiations for FTA with Eurasian Economic Union to begin within a few months -Kabil
Egypt is set to begin negotiations with the Eurasian Economic Union on a freetrade agreement within a few months, Trade and Industry Minister Tarek Kabil said yesterday, Youm7 reports. The two sides are currently preparing the roadmap for the negotiations, according to Kabil. The agreement between Egypt and the union, which includes Russia, Armenia, Belarus, […]
Posted inDiplomacy + Foreign Trade
US regional peace initiative depends on Palestinians -Pence
The timing of a US Middle East peace initiative depends on the return of Palestinians to negotiations, US Vice President Mike Pence said, according to Reuters. “The White House has been working with our partners in the region to see if we can develop a framework for peace … It all just depends now on […]