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The Finance Ministry is looking to extend the Tax Dispute Resolution Act’s year-long mandate beyond its September expiry date and until all cases are settled, an unnamed ministry official tells Al Shorouk. The law, which passed the House last September, removed tax dispute cases from the courts and handed them over to newly-established committees to […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Hikma gets unwanted attention for US price hikes
REGIONAL– Not the type of attention you want in the international press: Hikma is indeed London-listed, but the Jordan-based maker of meds is one of the quietest global success stories to have emerged from our corner of the world. Now, the company is under fire after a Financial Times investigation found that it had “sharply […]
Posted inSpeed Round
Obscure Qatari Sheikh in the spotlight
Qatari Sheikh Abdullah Bin Ali Al Thani has emerged as a diplomatic star in the Qatari crisis, according to Bloomberg. The sheikh has held private meetings with Saudi King Salman and Crown Prince Mohammed bin Salman that resulted in the opening of borders to Qatari pilgrims — and has been hailed by the Saudi side […]
Posted inSpeed Round
Leaked emails allegedly show UAE’s ambassador to the US ridiculing Saudi Arabia
The UAE’s ambassador to the US — the eloquent and very sharp Youssef Otaiba — allegedly ridiculed Saudi Arabia in a number of emails that have since been leaked by hacking group GlobalLeaks, The Independent reports. Otaiba reportedly sent an email to his wife mocking KSA’s decision to ban red roses on Valentine’s Day and […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
The strange rise of coal in the Middle East
The strange rise of coal in the Middle East: The use of coal has proliferated of late in the Middle East — a strange prospect considering coal’s unpopularity globally, the region’s oil and gas resources and the commitments by some states to curb carbon emissions, writes Robin Mills for the National. The UAE’s energy strategy […]
Posted inImage of the Day
Mercedes unveil the Mercedes-Maybach Vision 6 Cabriolet
Mercedes has unveiled a new electric car concept based around the ultra-luxury brand Maybach, Bloomberg reported. Don’t get too excited, though: They are only building one and plan on keeping it a concept just to feature what the company thinks the electric powered future looks like. The thing is 20 feet long and packs 750 […]
Posted inEGYPT IN THE NEWS
Egyptian bulls are running
A flattering report on CNBC finds all our asset classes looking more and more attractive. The article lauds the emergence of Egypt’s new investment law, which it says will pave the way for foreign investors. The article runs through what we all know and pray for: that the float and the higher interest rates that […]
Posted inOn Deadline
Egypt is smoothing things over with Italy — now it’s Russia’s turn
Italy is sorted — Russia should be next: The return of Italy’s ambassador to Cairo is a sign of Egypt’s deftness in handling the tensions over the Giulio Regeni case, but also serves as a reminder that Russia has yet to lift its flight ban, Abdel Mohsen Salama writes in a column penned for Al […]
Posted inWorth watching
Ever wonder why the price of your eyeglasses is nearly the same as an iPhone?
Ever wonder why your eyeglasses cost nearly as much as an iPhone? It all comes down to a good old-fashioned monopoly on the eyeglass market for both spectacles and shades. Luxottica controls almost 80% of the eyeglass market in the US, owning almost all major brands and eyeglass stores. The company announceda USD 46 bn […]