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Seriously, Union of Egyptian Investors Associations. Slow your roll: The communists who bleed green at the Union of Egyptian Investors Associations are not happy with the foreign labor requirements in the executive regulations of new Investment Act, Youm7 reports. The organization’s head Mohamed Farid Khamis said that raising the limit on foreign labor employment for […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Carillion to exit Egypt, Qatar and Saudi
Carillion to exit Egypt, Qatar and Saudi: UK construction firm Carillion announced that it is exiting Egypt, Qatar, and Saudi Arabia in addition to exiting some UK partnerships, Reuters reports. Carillion said it would pull out of construction projects in these three countries after a decline in the oil price caused those countries to stall […]
Posted inUncategorized
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Posted inImage of the Day
From wooden stamps to sterile machines: The evolution of the Christian tattoo
From wooden stamps to sterile machines: The evolution of the Christian tattoo: An Egyptian Coptic Christian family is carrying on the 700-year tradition of Christian tattoos at a tattoo parlor in Jerusalem, according to Catholic News Agency. “For the past 500 years, we’ve been tattooing pilgrims in the Holy Land, and it’s been passed down […]
Posted inEGYPT IN THE NEWS
Security forces’ shootout with six militants in Assiut tops Egypt’s international press coverage
Topping coverage of Egypt in the foreign press this morning is wire coverage of security forces killing six suspected militants during a security raid and shootout in Assiut. The Interior Ministry said security forces raided an apartment being used as “an organizational base” for terror operations, but did not clarify when the shootout took place, […]
Posted inEGYPT IN THE NEWS
Rights groups condemn Egypt for alleged deportations of Uyghur students
Egyptian authorities’ alleged arrest and deportation of dozens of Uyghur students is drawing the ire of rights groups, Radio Free Asia reports. Authorities “forced [the students] to sign a form stating that they had joined extremist organizations,” the Uyghur Human Rights Project claims, saying that Egypt’s roundup of Uyghur students comes at the behest of […]
Posted inEGYPT IN THE NEWS
International coverage of Egypt worth a skim
Other international coverage of Egypt worth a skim this morning: Saudi Arabia has agreed to extradite four Libyans it arrested for their suspected kidnapping Egyptian diplomats three years ago, the Libya Herald reports. Four Coptic Christians in Egypt were murdered in the past few weeks in separate killings blamed on Daesh in Menoufiya, Minya, and […]
Posted inWorth watching
Is Egypt on the verge of a housing bubble collapse?
Is Egypt on the verge of a housing bubble collapse? Egypt currently isn’t experiencing a housing bubble at all, since bubbles are created when debt levels are high in the real estate financing system, SODIC Managing Director Magued Sherif tells CBC’s Lamees Al Hadidi during a televised debate over the country’s real estate sector. Sherif […]
Posted inDiplomacy + Foreign Trade
Egypt, USAID discussing USD 104 mn funding
Egypt and the US Agency for International Development (USAID) are in talks for USD 104 mn in funding, according to an Investment and International Cooperation Ministry statement. The funding would be directed towards investments, science and technology, higher education, agriculture, basic education, health, and water and sanitation. Minister Sahar Nasr met with USAID Mission Director […]
Posted inDiplomacy + Foreign Trade
Egyptian-Lebanese Company signed contracts for exports to Africa worth USD 25 mn in 1H17
The Egyptian-Lebanese Company For Trade and Investment in Africa signed agreements for Egyptian exports to West African countries worth USD 25 mn in 1H17, managing director Ahmed El-Gohary tells Al Borsa. The company signed USD 5 mn worth of agreements with the Ivory Coast last month, including a USD 500,000 contract to export 1,000 tonnes […]