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Our misery index has hit a new post-2011 high, ringing in at 45.60, the Wall Street Journal’s Daily Shot (graph below) tells us. The index is simply the sum of the unemployment and inflation rates and is the brainchild of Arthur Okun, an adviser to US President Lyndon Johnson in the 1960s. It assumes “that […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 14 August 2017
President Abdel Fattah El Sisi kicks off a four-country tour of Africa today during which he will visit Tanzania, Rwanda, Gabon, and Chad. Regional security and trade will top the agenda for the trip, according to an Ittihadiya statement picked up by Al Masry Al Youm. The House of Representatives’ Transportation Committee is holding an […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The central bank’s monetary policy committee meets on Thursday to decide on interest rates. Pharos Holding expects the central bank to keep rates on hold and believes it is “too early to start monetary easing in August.” Tap here to read the full research note (pdf). The Ismail cabinet is expected to approve executive regulations […]
Posted inON THE HORIZON
On the horizon
President Abdel Fatah El Sisi is going to attend a financial inclusion conference in Sharm El Sheikh slated to be held September 13-15. The conference of central bankers and finance types will include 800 representatives and officials from 95 countries, including Central Bank of Egypt Governor Tarek Amer.
Posted inEnterprise+: Last Night’s Talk Shows
Friday’s fatal train accident dominated debate on the airwaves again last night
Friday’s fatal deadly accident dominated debate on the airwaves again last night. The head of Egyptian National Railways (ENR) handed over his resignation on Thursday, before the accident, but it was only accepted today, Transport Minister Hisham Arafat told Masaa DMC’s Eman El Hosary. Plans to overhaul the sector are ongoing and have been presented […]
Posted inSpeed Round
Industrial Permits Act executive regulations issued
The executive regulations of the Industrial Permits Act were issued on Sunday and published in the Official Gazette, making it the law of the land. At a press conference announcing the regs, Trade and Industry Minister Tarek Kabil reminded us why the long-awaited act — a key component of the government’s reform agenda — was […]
Posted inSpeed Round
Manpower minister says he’s mulling a hike in the mandatory private-sector minimum wage to EGP 2,000 a month
New mandatory minimum wage coming to private sector? Manpower Minister Mohamed Saafan said his ministry is considering imposing a mandatory monthly minimum wage of EGP 2,000 per month on the private sector, Al Shorouk reports. Saafan also said the ministry will help train the nation’s youth to better prepare them for jobs in the private […]
Posted inSpeed Round
Automotive directive could be final by November -House Industry Committee Chair
Could the automotive directive come to pass by November? The automotive directive could be issued by November, House Industry Committee Chair Ahmed Samir tells Al Borsa. The committee aims to pass the bill — which will offer incentives to encourage local assemblers to move further up the value chain into manufacturing — during its upcoming […]
Posted inSpeed Round
Could the House of Representatives really postpone next year’s presidential poll?
Could the House of Representatives really postpone next year’s presidential poll? A proposal to extend President Abdel Fattah El Sisi’s term to six years from four via amendments to the constitution appears to be gaining traction in the House of Representatives, after the majority Free Egyptians Party publicly endorsed it, Al Shorouk reports. The news […]