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This year’s presidential election cycle will wrap by 3 May, more than a week ahead of the start of Ramadan, National Elections Commission (NEC) chief Lasheen Ibrahim tells Ahram Online. Candidate registration has reportedly also been scheduled to take place in the first half of February, freeing up March for campaigning, and April for the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Something is afoot with Sudan
Egypt’s Foreign Ministry confirmed on Thursday that Khartoum has recalled its ambassador to Cairo for “consultations.” The statement did not specify what prompted the recall, but noted the ministry is mulling an appropriate response. Egyptian-Sudanese relations have been on a downward spiral for the last several months after tensions escalated over disputes regarding the border […]
Posted inSpeed Round
House Transportation Committee approves amendments allowing private sector participation in national rail system
LEGISLATION WATCH- The House Transportation Committee approved on Thursday amendments that, if passed by the House as a whole, would allow private sector participation in building, management, and maintenance of the national rail system, Al Borsa reports. The amendments to the law regulating the National Railways Authority have been referred to the House’s general assembly […]
Posted inSpeed Round
Suez Canal revenues rise 5.4% in 2017
Suez Canal revenues rose 5.4% y-o-y in 2017 to USD 5.3 bn, up fractionally from USD 5 bn in 2016, Al Borsa reports. The canal saw increased traffic throughout the year with ships carrying heavier cargo loads, Suez Canal Authority head Mohab Mamish said.
Posted inSpeed Round
UAE becomes Egypt’s top investor with investments reaching USD 6.2 bn
The UAE has become Egypt’s biggest investor, with investments totaling USD 6.2 bn, the Trade and Industry Ministry said in a statement. The investments span various production and service sectors, the statement says, without providing further details. The trade balance between Egypt and the UAE also saw a USD 1.5 bn surplus in Egypt’s favor […]
Posted inSpeed Round
Gide Loyrette Nouel to open office in Cairo in 1Q2018
French law firm Gide Loyrette Nouel is opening an office in Cairo in 1Q2018, “its second expansion in the Middle East in four months,” according to The Lawyer. Partner Baudouin de Moucheron will head the local team.
Posted inSpeed Round
Okda appointed CEO of Travco Travel Company of Egypt
MOVES- Ali Okda was appointed CEO of Travco Travel Company of Egypt effective as of 10 January, Al Shorouk reports. Okda was formerly the CEO of Meeting Point Egypt and succeeds Amany Torgoman.
Posted inSpeed Round
Mohamed Salah crowned as CAF’s African Player of the Year
The Egyptian national football team’s most valuable asset, footballer Mohamed Salah, was crowned as CAF’s African Player of the Year on Thursday, the Associated Press reports. Salah won the accolade following a vote by the captains and head coaches of all national teams in the continent. His success after initially facing rejection “provides inspiration to […]
Posted inSpeed Round
Pharos Holding is buy-side broker in EKH’s acquisition of Delta Insurance
CORRECTION- Pharos Holding got in touch with us to clarify that they are the buy-side broker in Egypt Kuwait Holding’s acquisition of Delta insurance. News reports have misstated that they are the financial advisors on the transaction. The original entry has been corrected on our website.
Posted inUncategorized
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