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MOVES- Orange Egypt has appointed Ashraf Halim as deputy to CEO Jean-Marc Harion, according to the company’s website. The changeup in management also includes hiring Etisalat's head of corporate sales, Abdelfattah Faizy, as Orange’s new VP of sales. Vodafone Egypt veteran Maha Nagy joins to head communications, according to Al Mal. The moves come about […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings watch: Palm Hills Developments
EARNINGS WATCH- Palm Hills Developments reported a 114% y-o-y increase in net profit after tax and minority interest to EGP 137 mn in 2Q2017. New sales grew by 156% y-o-y to EGP 2.5 bn in 2Q2017. The company also reported a 51% y-o-y increase in revenues to EGP 1.6 bn.
Posted inSpeed Round
Egyptian cotton is making a comeback
Egyptian cotton is making a comeback: Exports of Egypt’s long-staple cotton are expected to rise 19% y-o-y to 38,000 tonnes in the 2016-17 export season which ends this month, according to Reuters. This follows a six-year slump marked by lax enforcement of quality measures on cotton. After strict measures on cultivating long-staple cotton were enforced […]
Posted inSpeed Round
Train collision kills 42
Two trains collided on Friday in Alexandria killing 42 and injuring 133, according to the latest tally by the Health Ministry. “Human error” was likely behind the crash, Transportation Minister Hisham Arafat said on talk show appearances last night. “To avoid it, we have to develop the infrastructure,” he said. President Abdel Fattah El Sisi […]
Posted inSpeed Round
Sudan to join Bright Star military exercises
Sudan has been invited to join Bright-Star, the premier US-Egyptian military exercises, Reuters reports. The news is doubly significant: The US has eased sanctions against Khartoum, and the invite comes at a time when Egypt and Sudan seem to be looking for footing to move forward.
Posted inSpeed Round
Election violence comes with death toll in Kenya
The uneasy calm that prevailed through the Kenyan elections has broken with the results that President Uhuru Kenyatta was victorious, The FT reports. Opposition leader Raila Odinga has rejected the results and accuses Kenyatta of tampering even though no evidence has been presented. Most of the unrest has been in Odinga strongholds and the death […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Alexandria train accident tops coverage of Egypt in the foreign press
Topping coverage of Egypt in the international press this morning are wire pickups of the Alexandria train accident that killed 42. Start with coverage from the New York Times’ Declan Walsh. The incident has brought the spotlight back to Egypt’s sordid history with train deadly accidents. Publications have also been running social media reactions and […]
Posted inImage of the Day
China's ceramic craftsmanship takes root in Egypt
A Chinese artist is working with Egyptians on a number of ceramic art projects at a joint workshop promoting Chinese art among Egyptians as a powerful means of cultural exchange, Xinhua reports. Al-Monitor also covered the workshop.
Posted inOn Deadline
Clamping down on the bureaucracy should be top priority in enforcing the Investment Act
The most important element of the new Investment Act is also one of the least-discussed, and that’s a series of provisions that outline how bureaucrats must cut red tape that stands in the way of investment, Medhat Nafei writes for Al Borsa. Nafei calls for strict enforcement of rules that provide a system of checks […]