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Saudi Arabia is pushing foreign ownership limits in its bourse past the 10% mark, Reuters reports. The country’s Capital Market Authority is working with the Saudi Arabian General Investment Authority to “to prepare rules under which foreign investors with appropriate experience and expertise could own such stakes.” The CMA said strategic investors in Saudi companies […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Saudi rebuffs Tillerson’s attempt to broker peace with Qatar in Riyadh meeting
Saudi leaders refused US Secretary of State Rex Tillerson’s requests on Sundayto end the four-month-long Qatar boycott, Bloomberg reports. Tillerson met yesterday with Saudi’s Crown Prince Mohammed bin Salman to “ask him to please engage in dialogue,” but said after that the two sides were not yet ready to talk. Tillerson is in the Middle […]
Posted inSpeed Round
WHO rescinds its appointment of Zimbabwe’s Mugabe as goodwill ambassador
WHO removes Mugabe as goodwill ambassador: World Health Organization Director-General Tedros Adhanom Ghebreyesus rescinded his appointment of 93-year-old Zimbabwean President Robert Mugabe as a goodwill ambassador, Reuters reports. The decision came after many donors and rights groups expressed outrage over the appointment of Mugabe, who has widely been condemned for human rights abuses and his […]
Posted inSpeed Round
Abe wins big in parliamentary election
Japanese Prime Minister Shinzo Abe “secured a crucial victory” in parliamentary elections on Sunday that could allow his party to push for a constitutional revision, according to the Washington Post.Abe had sought to amend a constitutional clause that renounces war but was met with opposition from some in government who say the measure could further […]
Posted inUncategorized
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Posted inImage of the Day
Sun Rises on Ramses
Tourists and locals gathered around the temple of Abu Simbel in Upper Egypt yesterday for a solar alignment that only happens twice a year, Anadolu says. The sun beams on Ramses II’s face in the inner chamber of the temple on 22 October, to mark his birthday, and 22 February to commemorate the day of […]
Posted inWorth reading
How financially literate are you?
How financially literate are you? From this morning’s Wall Street Journal: “There’s a financial-literacy crisis in the U.S. And it is probably even worse than it seems. Study after study shows how poorly Americans understand money and investing. Consider this common question posed by surveys: “Suppose you had USD 100 in a savings account and […]
Posted inEGYPT IN THE NEWS
Attack in the Western Desert tops coverage of Egypt
Still topping coverage on Egypt in the foreign press is the attack which left at least16 policemen and conscripts dead. Some, including the National’s Jacob Wirtschafter, focus on how the sophistication of the attack has shocked both security forces and the nation at large. “The attack places the Ministry of Interior under greater scrutiny, because […]
Posted inEGYPT IN THE NEWS
Egypt is willing to assist in Palestine-Israel peace talks -White House official
Egypt is willing to assist in “creating a lasting peace agreement between Israeland the Palestinians,” a senior White House official said last week, according to the Jewish Telegraphic Agency. The official met with Egyptian intelligence officials in Cairo last week who “expressed a strong desire to assist the US’ peace efforts.” This came as Egypt […]
Posted inEGYPT IN THE NEWS
Protesters ask Canadian gov’t to “intervene” after LGBT crackdown in Egypt
Protesters in Ottawa called on the Canadian government to “to intervene after members of the LGBT community were arrested in Egypt last month,” according to CBC News. “We would like [the Canadian government] to be more involved in this file. We are a little bit disappointed. I'm personally disappointed that there is no clear message […]