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M&A WATCH- Orascom Development Holding (ODH) is reviewing four competing bids for its 87% stake in Tamweel Financial Holding, IR Director Sara El Gawahergy told Al Mal. She did not name any of the would-be acquirers, but said three of the four bids were from local investors and the fourth is a joint bid from […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Could disgruntled inspectors really be behind recent disruptions in Egypt’s wheat shipments?
Could disgruntled inspectors really be behind recent disruptions in Egypt’s wheatshipments? Reuters’ Eric Knecht and Maha El Dahan are noting allegations by traders that Egypt’s inspectors, upset at losing their expenses-paid travel privileges and their “perks,” have been deliberately overzealous in their wheat inspections and causing disruptions in imports. Under the old inspections system, Egypt’s […]
Posted inSpeed Round
Dabaa contracts will be signed before the year is out, says Shaker
Will we or won’t we sign the Dabaa nuke contracts this year? Electricity Minister Mohamed Shaker announced yesterday that Egypt and Russia will ink the agreement for the USD 30 bn Dabaa nuclear power plant before the end of 2017, Al Ahram reports. Shaker’s announcement is the latest in a string of mismatched reports and […]
Posted inSpeed Round
Education Minister hikes public school fees, forces students in KSA to pay fees in USD
Education Minister Tarek Shawki issued an overnight decision hiking public school tuition fees, spurring a wave of criticism from disgruntled parents. The annual increase of EGP 20-30 was necessary to help the ministry cope with rising costs, Shawki told Hona Al Asema talk show host Lamees Al Hadidi last night, pointing out that the amount […]
Posted inSpeed Round
IFC signs agreement with SECO to increase access to financial services for MENA women
The IFC signed an agreement with the Swiss Secretariat for Economic Affairs (SECO) to boost access to financial services for women in the Middle East and North Africa, to help close the economic gender gap and support growth and jobs. SECO will provide up to USD 5 mn IFC Advisory’s Women Banking Champions initiative in […]
Posted inSpeed Round
International news on 18 October 2017
Fed Governor Jerome Powell is being tipped as the next head of the Federal Reserve when current chair Janet Yellen’s tenure expires in February, according to a Reuters poll of some 40 economists. Just over half of poll takers see Powell as next in line as he is the candidate of continuity. “The most continuity […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
An increase in educated women in the MENA region is not translating to jobs
The rising number of educated women in the Middle East is not translating into jobs for them in the region — which, rather obviously, isn’t good for economic growth, according to a piece by the Thomson Reuters Foundation. World Bank data shows that almost all girls in the MENA region now attend school and more […]
Posted inEGYPT IN THE NEWS
The impact of climate change on social unrest in Ancient Egypt tops coverage
Topping coverage of Egypt in the foreign press this morning is a study on the impact of climate disruption on social stability in Ancient Egypt published on Tuesday by the journal Nature Communications. Scientists used ice core data — a more accurate method of tracking historical volcanic eruptions — and papyrus records on social unrest […]
Posted inEGYPT IN THE NEWS
Global appetite for emerging market debt “worrying” -NYT
The New York Times reviewed global appetite for emerging market debt in a piece titled “Why investors can’t get enough of Tajikistan's Debt.” Central bank Governor Tarek Amer says, “Investors are feeling good — we have had USD 20 bn come into Egypt over the past year … The money is pouring in.” Brett A. […]