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Alexandria Deputy Governor arrested for corruption: Alexandria’s Deputy Governor Soad El Kholy was arrested on Sunday on charges of corruption, according to Ahram Online. Charges included “bribery, profiting and squandering public funds,” the Administrative Control Authority said. El Kholy, who has served in her post since 2015, was arrested alongside five businessmen (who remain unnamed) […]
Author Archives: enterpriseam admin
Posted inSpeed Round
IAEA setting up an enriched uranium bank to keep nuclear programs “peaceful”
Speaking of nukes — and hedges against Russian power: The International Atomic Energy Agency will officially open the world's first “bank” for enriched nuclear fuel in Kazakhstan, former US Energy Secretary Ernest Moniz tells Bloomberg. The energy bank, to be called LEU, aims to “keep peaceful energy programs peaceful … without the significant costs of […]
Posted inSpeed Round
A handful of international corporate stories about which you may want to be aware this morning:
Posted inSpeed Round
Samsung Group head sentenced to five years in prison on bribery charges
Samsung Group Vice Chairman (and de facto head of the company) Lee Jae-yong was sentenced to five years in prison on Friday on bribery charges, in what Reuters calls a watershed case for South Korea. Lee had been on trial for six months on charges that he paid bribes to associates of ousted President of […]
Posted inSpeed Round
Uber taps Expedia CEO as new boss
Uber has reportedly tapped Expedia CEO Dara Khosrowshahi to “lead it out of crisis,” Bloomberg reported overnight, just hours after former GE CEO Jeff Immelt said he had “decided not to pursue a leadership position at Uber” — and less than eight hours after Bloomberg itself reported that Hewlett Packard Enterprise CEO Meg Whitman was […]
Posted inSpeed Round
Qatar Airways CEO to chair IATA board starting June 2018
Qatar Airways CEO to chair IATA board starting June 2018: Qatar Airways announced on Sunday that CEO Akbar Al-Baker was elected chairman of the International Air Transport Association’s (IATA) board, Reuters reports. Al-Baker’s one-year term will start in June 2018, after Singapore Airline’s Goh Choon Phong completes his tenure.
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
Middle East M&A activity drops in 1H2017 as investors shift to lower-risk markets
Middle East M&A activity drops in 1H2017 as investors shift to lower-risk markets: The number of M&As in the MENA region dropped by 23% y-o-y in 1H2017 “as investors focus on low-risk markets outside the region, plagued by political uncertainties and slowing economic growth,” an EY report picked up by The National finds. Total transaction […]
Posted inImage of the Day
Impressively intricate relocation of the Abu Simbel temple, circa 1964
We stumbled upon this picture of the impressively intricate relocation of Ramses’ statues from the Abu Simbel temple in Aswan, circa 1964. It’s a little bit unsettling to see Ramses the Great’s face hanging a few meters away from the rest of his colossus body, and we do have to commend the archaeologists for not […]
Posted inEGYPT IN THE NEWS
Egypt is a “tragic” tale of decline, could be a warning for US -Cook
Egypt is in “decline” and has “descended into corruption, inequality and bigotry” after once being “a diverse, cosmopolitan society,” Steven A. Cook writes for Salon. Cook says that, while there is “a lot of hagiography about Egypt during its so-called liberal period — roughly the years following World War I through the 1940s,” it has […]