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To our collective delight, the House ICT Committee looks like it’s about to probe the lousy state of internet service in Egypt: The committee will apparently ask ICT Minister Yasser El Kady to testify about the state of internet services in Egypt. Deputy Chair Ahmed Badawy tells Al Mal that the committee also wants to […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Apache predicting lower numbers for 2Q
Egypt-heavy driller Apache is warning investors that its 2Q numbers are going to come in lower than forecast, Madison reports. The oil and gas exploration firm is predicting it will report lower numbers today and investors will be looking at their Alpine High exploration in Texas, which has been a point of focus lately. Moreover, […]
Posted inSpeed Round
Universal Healthcare Act to cost state coffers EGP 130 bn in FY2017-18
The proposed Universal Healthcare Act will cost state coffers EGP 130 bn to implement in FY2017-18 if it should pass, according to government actuarial studies, Al Borsa reported on Wednesday. The bill is by to come up for cabinet review by the end of August and should be before the House when MPs reconvene this […]
Posted inSpeed Round
House Legislative Committee begins reviewing amendments to Criminal Procedures Act
Will Egyptians finally have the right to call their lawyers when arrested? The House of Representatives’ Legislative Committee began yesterday its review of the government’s proposed amendments to the Criminal Procedure Act that aim to modernize Egypt’s legal proceedings framework, according to AMAY. The amendments would prevent security forces from investigating individuals or making arrests […]
Posted inSpeed Round
Cabinet approves amendments to Auctions and Tenders Act, EUR 290 mn facility from EBRD for 100 new locomotives
The Ismail government approved in principle yesterday amendments to the Auctions and Tenders Act that would decentralize tender procedures and streamline the selection process for winning bids, according to a Cabinet statement. The amendments, which we took note of in June, will promote two-stage tenders to give the government more options when choosing contractors and […]
Posted inSpeed Round
Iran might be using Kuwaiti water to smuggle weapons to Houthis, Qatar buys Italian war ships
Elsewhere in the region: The GCC is becoming a hotbed for arms trade and transfer. Iran's Revolutionary Guards have started using waters between Kuwait and Iran to transfer arms to Houthi rebels in Yemen, Jonathan Saul writes in a Reuters exclusive. “Parts of missiles, launchers and drugs are smuggled into Yemen via Kuwaiti waters … […]
Posted inUncategorized
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Posted inWorth reading
See how the other half of America lives:
See how the other half of America lives: The Wall Street Journal is running a brilliant series it’s calling “One Nation, Divisible” looking at the urban-rural divide in the United States and boldly declaring that “Rural America is the New Inner City.” Other entries so far look at the inability of rural Americans to move […]
Posted inTHE MACRO PICTURE
Are investors shunning “democratic nations”?
Are investors shunning “democratic nations” in favour of “strongmen” who know how to deliver business-friendly results? Countries that practice “strongman” politics appear to have seen their equities and debt markets garner more interest from investors than those traditionally considered more democratic; or so Karin Strohecker and Marc Jones say in a disappointingly facile analytical piece […]
Posted inTHE MACRO PICTURE
Global gas market may be the one place where the little guy wins
Global gas market may be the one place where the little guy wins: As the natural gas glut continues, smaller players — whether companies or countries — are becoming increasingly dominant. Small buyers including Pakistan, Egypt and Jordan are making up an increasing share of the global market, with expectations that they will account for […]