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Author Archives: enterpriseam admin
Posted inON THE HORIZON
On the horizon
EFG Hermes will hold its 7th Annual London Conference on 6-9 November. The conference will see C-suite execs from top listed companies in MENA as well as frontier markets (among them Pakistan, Kenya, Nigeria, Bangladesh, and Sri Lanka) meet face-to-face with top global investors with mandates to invest in emerging and frontier markets. The event […]
Posted inEnterprise+: Last Night’s Talk Shows
It’s all about FIFA and UNESCO on the talk shows last night
The airwaves last night were still buzzing with news that Egypt would be going to the FIFA World Cup next year for the first time since 1990. Yahduth fi Misr’s Sherif Amer discussed the return of football fans to the stadiums with House of Representatives Deputy Speaker Soliman Wahdan, who said that the crowds’ “good […]
Posted inSpeed Round
House Industry Committee’s fall agenda to include Automotive Directive, amendments to the Industry Act
House Industry Committee looks at legislation to boost local components in domestic manufacturing: The House of Representatives’ Industry Committee will start hearings on key legislation including amendments to the Industry Act that will enforce a higher quota for local components in manufacturing, said the committee’s chair Ahmed Samir. The legislation would also tighten and enshrine […]
Posted inSpeed Round
House gives preliminary nod to ACA law amendments
The House gave its preliminarily approved amendments to the law regulating the Administrative Control Authority during its plenary session yesterday, Youm7 reports. As we noted yesterday, the amendments grant the anti-corruption body technical, financial, and administrative independence and change its reporting line to Ittihadiya rather than the prime minister’s office. The House Legislative Committee had […]
Posted inSpeed Round
Grateful nation thanks its football heroes
Egypt’s collective high from the Pharaoh’s successful World Cup campaign reigned supreme over both local and international press coverage yesterday. President Abdel Fattah El Sisi announced that each of the players on Egyptian national football team will be receiving a prize of EGP 1.5 mn, BBC reports. “The prize will not be coming out the […]
Posted inSpeed Round
Etisalat Misr considers capital increase to fund capex amid high interest rates
Etisalat Misr considers capital increase to fund capex amid high interest rates, says MNOs weren’t down with the scratch card price hike: Etisalat Misr is considering a capital increase in the next 3-6 months, said the company’s CEO Hazem Metwally. The move is one of many Etisalat is exploring to bolster its ability to invest […]
Posted inSpeed Round
Qatar considers USD 9 bn bond issuance
Pariah statelet Qatar is looking to take advantage of the emerging markets debt boom and is considering raising at least USD 9 bn in an international bond issuance. Government officials are in talks with banks to decide on the best time for a possible sale, Bloomberg reports. Qatar will target investors in Asia, the US […]
Posted inSpeed Round
Thaler awarded 2017 Nobel Prize in Economics
University of Chicago economist Richard Thaler was awarded the 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel yesterday for his contributions to behavioural economics. Thaler “has incorporated psychologically realistic assumptions into analyses of economic decision-making. By exploring the consequences of limited rationality, social preferences, and lack of self-control, he has shown […]
Posted inSpeed Round
Amazon struggling to attract the luxury segment to its repertoire
Amazon too friendly towards knock-offs? Amazon is having trouble attracting luxury brands to its gargantuan inventory because they’re afraid hosting their products on the e-commerce platform would dilute their value, the WSJ says (paywall). The retailer is viewed as too lenient with its authenticity assurance and policing measures. Swatch, for example, which owns high-end brands […]