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LEGISLATION WATCH- House Health Committee approves Universal Healthcare Act: The House of Representatives’ Health Committee signed off on the Universal Healthcare Act yesterday and referred it to the general assembly to pencil it in for a vote, Al Shorouk reports. The decision came after a hearing on the bill’s budget and financing, where Vice Minister […]
Author Archives: enterpriseam admin
Posted inSpeed Round
House approves Labor Unions Act, Youth Institutions Act, ban on drones
LEGISLATION WATCH- The House of Representatives approved yesterday in its plenary session the contentious labor unions and youth institutions acts, Ahram Gate reports. The Labor Unions Act has been under fire from the International Labor Organization, the World Federation of Trade Unions, and the Egyptian Federation of Trade Unions as being too restrictive to union […]
Posted inSpeed Round
Cabinet approves draft law permitting legal settlements for construction violations
The Ismail Cabinet approved yesterday a draft bill that would provide a mechanism to legalize some buildings now in violation of the building code, according to a statement. The law would allow settlements by owners of buildings that are constructed or used for a different purpose than it was licensed for, unless the building violates […]
Posted inSpeed Round
World Bank to issue USD 1.15 bn development loan tranche to Egypt
The World Bank announced yesterday that its executive board has approved thedisbursal of a USD 1.15 bn tranche of a USD 3.15 bn development loan to Egypt. “This loan is the last in the series of three annual loans — called the Fiscal Consolidation, Sustainable Energy, and Competitiveness Development Policy Financing loans — worth a […]
Posted inSpeed Round
Expect a wave of investment pledges from the EBRD for agribusiness in the near future
After renewables, expect a wave of investment pledges from the EBRD onagribusinesses in the near future: Egypt signed a joint declaration with the UN Food and Agricultural Organization (FAO), the European Bank for Reconstruction and Development (EBRD) and the World Bank to promote investment in efficient and sustainable agriculture, according to an EBRD statement on […]
Posted inSpeed Round
Amoun Pharma founder Tharwat Bassily dies
IN MEMORIAM: Prominent Egyptian businessman Tharwat Bassily passed away due to illness on Tuesday, according to AMAY. A talented entrepreneur, Bassily was the founder of Amoun Pharma, one of Egypt’s largest private med producers, and head of the Federation of Egyptian Industries’ pharma division. *** COME WORK WITH US: We’re looking for bright, talented analysts […]
Posted inUncategorized
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Posted inImage of the Day
David Rockefeller’s legendary Rolodex
David Rockefeller’s Rolodex would put even the most popular of social media celebrities to shame, claims the Wall Street Journal (paywall). The man’s five foot-long, custom-built Rolodex housed 100k contacts, ranging from businessmen, astronauts, and celebrities, to global powerhouse heads and world leaders, including our very own late president Anwar Sadat. The Rolodex supposedly records […]
Posted inEGYPT IN THE NEWS
Editors should not be blaming terrorist attack on Egypt, Reda tells WaPo
The Washington Post blaming the Rawda terrorist attack in Sinai on Egypt’s government instead of the terrorists does not help, Egypt’s Ambassador to the US Yasser Reda writes to the editorial board. “The Post used this tragedy to condemn a vital ally of the United States in the war on terror. The contrast between its […]
Posted inDiplomacy + Foreign Trade
Ethiopia, Sudan reportedly looking to amend 2015 Declaration of Principles on GERD
Ethiopia and Sudan are reportedly working to amend the Declaration of Principles on the Grand Ethiopian Renaissance Dam (GERD), which they signed with Egypt in 2015. The proposed amendments would allow Ethiopia to begin filling dam reservoirs before there is consensus over the environmental impact studies, an unnamed source from the Egyptian side tells Al […]