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New social welfare act under review, looks set to hit the House by early fall: The Council of State (Maglis Al Dawla) has begun its review of the Social Welfare Act in coordination with the Social Solidarity Ministry, a judicial source tells Al Borsa. The council expects to complete its review and send its comments […]
Author Archives: enterpriseam admin
Posted inSpeed Round
KFH in merger talks with Ahli United Bank
Kuwait Finance House confirmed it is in talks to merge with Ahli United Bank of Bahrain, Reuters reports. The confirmation came in on Tuesday and is the latest in a trend of GCC banking consolidation -- something of a knee-jerk reaction when times get tough. We saw it during the financial crisis and recently with […]
Posted inSpeed Round
New Sanctions for Iran
The Trump administration imposed a fresh round of sanctions on Iran yesterday after a review of the nuclear accord, according to Reuters. The unilateral sanctions against Iran come ostensibly in response to what the White House considers a violation of the “spirit” of the nuclear agreement. This is the first significant charge out of the […]
Posted inEGYPT IN THE NEWS
Killing of Daesh leader in Al Arish tops coverage of Egypt
Coverage of Egypt in the foreign press this morning is dominated by wire pickups of security forces killing a Daesh militant during a raid in North Sinai’s Al Arish. Security forces killed Ahmed Hassan Al-Nashu, a Daesh leader responsible for carrying out terrorist operations and recruiting new members for Ansar Bayt Al Maqdis, according to […]
Posted inEGYPT IN THE NEWS
US should withhold aid to Egypt to force government to take more serious steps toward human rights reform
The Trump administration should withhold military aid to Egypt to force the government towards a more “stable” human rights policy, Brian Dooley writes for The Hill. The disbursal of 15% of the US’s foreign military funding is directly tied to human rights reform. US Secretary of State Rex Tillerson and President Donald Trump have been […]
Posted inEGYPT IN THE NEWS
Egypt’s water security endangered by climate change, GERD filling
Climate change, GERD adds to Egypt’s water security challenges: Egypt’s water security is now threatened by climate change, a growing population, and the imminent start of the Grand Ethiopian Renaissance Dam (GERD)’s reservoir filling this month, Aya Nader writes for Climate Change News. “The challenges for farmers are myriad: new diseases and insects, unprecedented humidity, […]
Posted inEGYPT IN THE NEWS
Cairo is the least-expensive city in which to hail a taxi, international survey finds
Cairo is the most affordable city in which to hire a taxi, according to a survey of prices of a 3km intra-city taxi ride‚ a journey between the airport and the city centre‚ cost per kilometre and the cost of one hour’s waiting time. Mumbai, India is in the second place, Business Day reports. On […]
Posted inEGYPT IN THE NEWS
Egypt: Gas to the rescue
A booming natural gas sector offers a chance at a return to self-sufficiency and a chance to overcome some of Egypt's economic and social problems, writes Gerald Butt for thePetroleum Economist. Recent discoveries in Egypt's offshore — Zohr in particular — have convinced IOCs that there's lots more gas to be found. That coupled with […]
Posted inEGYPT IN THE NEWS
Sudan’s claim to Halayeb and Shalatin is based on a false cultural link
Sudan’s claims that the Halayeb and Shalatin triangle falls within its territory is “disputed by history because it is mainly based on [the] false assumption that there is a cultural link between the Sudanese people” and the disputed area, Tor Madira Machier writes for the Sudan Tribune. However, historical agreements reached under British colonial rule […]
Posted inEGYPT IN THE NEWS
Other coverage in the international media
Also worth noting in brief this morning: The prosecution and trial of Irish citizen Ibrahim Halawa are “farcical” and have shamed Egypt by falling “far short of acceptable international standards,” The Irish Times says. The threat of Daesh in the Sinai and its potential ramifications on the border crossing with Israel, is being looked at […]