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This is a concern: Seven new websites were reportedly blocked in Egypt on Monday, according to the Association for Freedom of Thought and Expression (AFTE), bringing to 101 the number of sites the group claims is blocked. The report also noted that there was a difference in the number of blocked sites depending on the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Administrative court has rejected an appeal by Safwan Thabet to unfreeze his accounts
The Administrative Court rejected on Tuesday Juhayna Chairman Safwan Thabet’s appeal against the government's freeze on his assets, which was put in place back in 2014, Al Borsa reports. A Cairo Criminal Court had placed Thabet and hundreds others on a list of designated terrorists in January for their alleged affiliation with or support for […]
Posted inSpeed Round
FEP back FY2017-18 budget
The Misryoon Al Ahrar Party (FEP) has backed the 2017-18 state budget. That’s the highlight of the shockingly poor (and paltry) coverage of the budget debate at the House of Representatives yesterday. FEP announced yesterday that its bloc in the House will vote in favour of the new budget, according to Ahram Gate. The House […]
Posted inSpeed Round
Saudi is a winner, Argentina a loser, and Nigeria gets a stay of execution as MSCI announces results of 2017 classification review
Saudi is a winner, Argentina a loser, and Nigeria gets a stay of execution as MSCIannounces results of 2017 classification review. Saudi Arabia could get an upgrade to emerging markets status as soon as next year, MSCI said yesterday, setting it up to attract bns of inflows into listed equities as it placed the kingdom […]
Posted inSpeed Round
Arqaam Capital does well on Extel MENA poll
Arqaam Capital has “improved its ranking in this year’s Extel survey by one placeclinching the third spot in the Middle East & North Africa ahead of 31 regional and global institutions,” the firm said in a statement (pdf). Arqaam, which bills itself as an emerging markets specialist, also landed a top ten position in both […]
Posted inSpeed Round
EBRD EUR 290 mn funding to Egypt not related to GE agreement
CLARIFICATION- The EBRD’s EUR 290 mn investment in Egypt to finance the Egyptian National Railway’s fleet upgrade announced on Monday is separate from the USD 575 mn supply-and-maintenance contract the Investment and International Cooperation signed with General Electric on Saturday for the supply of 100 locomotives. The EBRD has issued its own press release on […]
Posted inUncategorized
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Posted inImage of the Day
Deformed Marilyn Monroe sculpture unveiled at the Cairo Opera
Marilyn? Marilyn, is that you? In an apparent attempt to portray Marilyn Monroe in her famous billowing white dress, an Egyptian sculptor caused a stir on social media for creating a rather terrifying statue that was unveiled at the Cairo Opera House a few days ago, Youm7 reports. (What Ms. Monroe has to do with […]
Posted inEGYPT IN THE NEWS
Battle of the Courts tops coverage of Egypt in international news
“Battle of the Courts” tops coverage of Egypt in international news: Topping coverage of Egypt in the foreign press this morning are pickups of the Administrative Court’s ruling that the Court of Urgent Matters does not have jurisdiction to rule on cases related to the handover of Tiran and Sanafir islands to Saudi Arabia. Most […]
Posted inEGYPT IN THE NEWS
GE workers union in US hope locomotive agreement with Egypt will save jobs
GE workers union in the US hope locomotive agreement with Egypt will save jobs: General Electric’s (GE) union workers in Erie, Pennsylvania are hopeful that the USD 575 mn agreement signed with Egypt for 100 locomotives will see a reversal in the layoffs of salaried workers announced by the company, according to Erie Times-News.