Author Archives: enterpriseam admin

EARNINGS WATCH- Edita reported a net loss of EGP 1.7 mn in 2Q2017 down from a net profit of EGP 41.6 mn in the similar period last year. Despite the bottom line loss, Edita’s revenues continued to grow, recording an 11.2% y-o-y increase to EGP 611.6 mn. For 1H2017, Edita registered a net profit of […]

Lebanon has hopped on the bandwagon, banning import of an Egyptian fruit: The Lebanese Agriculture Ministry has reportedly imposed restrictions on imports of Egyptian mangoes, sources close to the matter tell AMAY. Egyptian exporters are lobbying for the measure to be postponed, saying they can produce paperwork proving their produce meets international benchmarks. Iraq imposed […]

Egypt could hold local council elections following the presidential elections in 2018, as the House of Representatives has yet to complete its review of the Local Administration Act, Al Masry Al Youm reports. The act, which will establish elected local councils throughout Egypt’s governorates, was held up at the Egyptian Council of State (Maglis El […]

PR firm APCO Worldwide has taken on lobbying for Egypt in the US after Weber Shandwick withdrew earlier this month from a contract with Egypt six months after signing, according to industry publication the Holmes Report. “[The firm would help Egypt] tell its story. … As the country returns to stability, they are paying more […]

A softer tone on Qatar? The Arab quartet boycotting Qatar said yesterday they would allow Qatari airlines to use emergency air traffic corridors as of 1 August, according to a Saudi Press Agency statement. Doha denies the news, saying the quartet is spreading “false information,” Reuters reports. Reconciliation talks have not yet begun, Reuters says […]

The person who stabbed three foreigners to death in Hurghada had tried to join Daesh, two security sources said, according to Reuters. “Investigators have recommended he face terrorism charges, the two sources said. Authorities have so far not commented officially on motives for the attack.”

The government appears to have made population control a national priority, after President Abdel Fattah El Sisi named it as the top challenge for development after terrorism last week. The Health Ministry announced that it is targeting a population of 112 mn by 2030 by curtailing the birth rate,says the Egypt Independent. Egypt currently has […]

Putin says the US will have to cut its embassy staff in Russia by 755, according to Reuters. Both diplomats and local staff will be impacted by the cut. The move, which would bring total staff in Moscow to the same level as Russia has in Washington, DC, comes after the US hit Russia with […]