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Jamie Dimon says JPMorgan would fire for “stupidity” any trader who touches bitcoin, but Goldman Sachs may be the first bulge-bracket bank to trade cryptocurrencies, according to media reports yesterday. “In response to client interest in digital currencies, we are exploring how best to serve them in this space,” the Wall Street Journal quotes a […]
Author Archives: enterpriseam admin
Posted inSpeed Round
58 dead in Vegas shooting; Daeshbags claim responsibility
At least 58 people were reported dead after a gunman opened fire on a crowd of at least 22k attending a concert in Las Vegas, making this the deadliest mass shooting in US history, Reuters reports. Pensioner Stephen Paddock sprayed the crowd with machine gun fire from his hotel balcony and was later found dead […]
Posted inSpeed Round
Catalonia asks EU to help it mediate split from Madrid
The Catalan government has reached out to the EU to help mediate its split from Spain after Sunday’s referendum, in which scores were injured in clashes with police as they tried to block the ballot, the Financial Times says (paywall). An alleged 90% of 2.3 mn voters were in favor of an independent Catalonia, according […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Report on Egypt’s alleged arms trading with North Korea tops international coverage
Topping coverage of Egypt in the international press this morning is the Foreign Ministry statement denying the Washington Post exposé that claims the country had been buying mns of USD-worth of arms from North Korea. While we’re on North Korea, Russia appears to be getting into the TMT game over there, as Russia’s TransTeleCom appears […]
Posted inOn Deadline
Is Egypt ready and responsible enough to handle nuclear energy?
Is Egypt ready and responsible enough to handle nuclear energy? Perhaps not, Ragia El Gerzawy writes in a column penned for Al Masry Al Youm. The government does not seem to grasp the gravity of dealing with nuclear energy, especially with no prior experience. She points to the need for legislative and institutional preparations ahead […]
Posted inWorth watching
The Humaithara valley
The majesty and solitude of the Humaithara valley in the Red Sea Governorate is beautifully portrayed in this short film (watch, runtime: 5:22) by Egyptian filmmaker Seif Abdalla and photojournalist Mohamed Mahdy. The Humaithara Mountain is considered by Sufis as a shrine for the late Sheikh Abul Hassan Al Shadhili and is where nearly half […]
Posted inDiplomacy + Foreign Trade
Arab Women Investors Union companies to invest some EGP 1.7 bn in the coming period
The Arab Women Investors Union announced that member companies plan to invest some EGP 1.7 bn in various projects, according to a statement from the Investment and International Cooperation Ministry. Those include a hospitality school, an amusement park, and a fish farm currently being developed in association with an unnamed South Korean company, union head […]
Posted inDiplomacy + Foreign Trade
Mitsubishi delegation visits AOI to discuss potential investments
A delegation from Japanese conglomerate Mitsubishi discussed potential investments in wastewater treatment and metro projects with the Arab Organization for Industrialization (AOI) Chairman Abdel Aziz Seifeldin yesterday, Al Mal reports. The AOI is also looking to cooperate with Mitsubishi to establish a factory in Egypt to manufacture auto spare parts, Seifeldin said.
Posted inDiplomacy + Foreign Trade
Business associations talk trade with Korean, Romanian, and Turkish firms
Business delegations from South Korea and Romania will be arriving in the coming period to explore investment opportunities in Egypt’s national projects, said the CEO of the Egyptian Businessmen’s Association (EBA) Mohamed Yousef. The EBA plans to meet with both delegations and pitch them on investments in the New Administrative Capital, the Suez Canal Economic […]