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Holding our collective heads in shame: Cairo is the world’s most dangerous megacity for women, according to a poll of expert carried out by the Thomson Reuters Foundation. The survey “asked experts in women’s issues in 19 megacities how well women are protected from [redacted] violence, from harmful cultural practices, and if they have access […]
Author Archives: enterpriseam admin
Posted inSpeed Round
China is offering to buy a 5% stake in Aramco
Chinese state-owned oil companies PetroChina and Sinopec are offering to buyup to 5% of Saudi Aramco directly, Reuters reports in an exclusive. The companies have been corresponding with Aramco over the past weeks to express interest in a direct sale of a stake to a consortium made up of both companies, which will include China’s […]
Posted inSpeed Round
Iraq launches military offensive, captures key positions in Kirkuk
Iraqi forces occupied several positions in Kirkuk yesterday, including its provincial administration, in a military operation aimed at regaining control of the country following last month’s Kurdish referendum, Bloomberg reports. Iraqi Prime Minister Haider al-Abadi had previously vowed to avoid such military actions. Egypt’s Foreign Affairs Ministry issued a statement yesterday urging both sides to […]
Posted inSpeed Round
Is Wall Street growing accustomed to global catastrophes?
Is Wall Street growing accustomed to global catastrophes? “Whether it’s the threat of nuclear war, hurricanes, or Russian meddling, it seems nothing can unnerve investors bent on pushing the US stock market higher and higher,” says Bloomberg. Although market-moving events have been in no short supply this year, they seem to have had an inexplicably […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Janet Yellen isn’t the only prominent central bank governor who may not keep her job
Janet Yellen isn’t the only prominent central bank governor who may not keep their job, as the Bank of Japan and the People’s Bank of China may all have new bosses in early 2018. The European Central Bank will also see its governor replaced the following year, according to Reuters. This quartet of central bank […]
Posted inImage of the Day
Afghan becomes youngest woman to circle the globe in a single engine aircraft
Afghan pilot Shaesta Waiz, 30, recently became the youngest woman to ever circumnavigate the globe in a single engine aircraft, according to National Geographic. Waiz, who grew up in a refugee camp in Afghanistan before eventually moving to the US, completed her mission in 145 days, with stops in Afghanistan, Egypt, Sri Lanka, and Australia, […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 17 October 2017
It’s another relatively quiet news day for Egypt in the international press. Egypt is the “best of the worst” option for Syrian refugees, Paul Cullen writes for the Irish Times. More than 120k Syrians have been granted asylum in Egypt, which is “one of the few countries in the developing world that does not house […]
Posted inOn Deadline
Delays in issuing Investment Act’s exec regs is slowing down investments
The delay in issuing the executive regulations for the Investment Act is putting investment on hold, EK Holding Chairman Moataz Al Alfi says in a letter published by Al Ahram’s Salah Montaser. El Alfi pins the blame on Prime Minister Sherif Ismail, who he says put the regs on the back burner after receiving them […]
Posted inWorth watching
Banking sector is a successful pillar for reform in Egypt -Ezz Al-Arab
Egypt’s economic reforms were long overdue, our friend Hisham Ezz Al-Arab, Chairman of CIB and the Federation of Egyptian Banks, told The Banker’s James King at the IMF meetings in Washington. “It was life or death to implement the reforms,” Ezz Al-Arab says. “What the government did by removing the subsidies is that they started […]