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The Egyptian Financial Supervisory Authority (EFSA) has issued new regulations oninvestment in brokerage firms, EFSA chief Sherif Samy announced yesterday, Al Borsa reports. Under the new policy, which Samy says complement recent amendments to the executive regulations of the Capital Markets Act, the authority must sign off on any transaction in which an individual or […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Kuwait Energy seeking premium listing on LSE
Kuwait Energy is seeking a premium listing on the London Stock Exchange in a bid to fund growth across MENA, according to Reuters. The company will “apply for admission in June, hoping to achieve a sufficient free float to meet the eligibility requirements for a premium listing.” Kuwait Energy CEO Sara Akbar says the LSE […]
Posted inSpeed Round
Saudi has a framework to regulate ride-sharing apps, Uber wins certification of compliance
Egyptian policy makers, take note: For once, Saudi Arabia may have leapfrogged Egypt when it comes to its regulatory framework. The kingdom has specified a framework for the regulation of the ride-sharing industry and awarded Uber a certificate of compliance. The regulations look to be part of KSA’s “Saudi-ization “ drive, as Uber’s press release […]
Posted inSpeed Round
International news on 4 May 2017
Other stories in the international business press worth a moment of your time today: The US Fed has left interest rates on hold and “downplayed weak first-quarter economicgrowth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year,” Reuters reports. It’s the […]
Posted inUncategorized
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Posted inImage of the Day
Spanish archaeologists uncover funerary garden in Luxor
A team of Spanish archaeologists uncovered yesterday a unique funerary garden in the Draa Abul Nagaa necropolis on the west bank of what is now Luxor, Ahram Online reports. The archaeology team made the discovery while carrying out excavations of early 18th Dynasty rock-cut tombs from circa 1500-1450 BCE. The significance of the finding lies […]
Posted inEGYPT IN THE NEWS
Egypt in the News on Thursday, 4 May 2017
On a slow news morning for Egypt in the international media, the award for the most facile and trite piece on Egypt goes to Mr Philip Jenkins, who writes for The American Conservative saying the terrorist attacks in Egypt “plausibly could succeed in splitting Egyptian elites and causing significant defections… In the worst-case scenario, such […]
Posted inEGYPT IN THE NEWS
Trip to Egypt was to promote “healthy secularism,” Pope says
Pope Francis says his trip to Egypt “was intended as a ‘sign of peace’ and a way of promoting a vision of ‘healthy secularism’ for the entire Middle East region,” John L. Allen Jr. writes for Crux. The vision of this “healthy secularism” emerged in conversation with President Abdel Fattah El Sisi and other political […]
Posted inWorth watching
MbS discusses the future of Saudi Arabia’s economy
Crown prince in rare interview on Saudi Arabia’s future: Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman (MbS) sat down for a rare television interview on Tuesday night, a year after launching the Vision 2030 program to overhaul the kingdom’s government and economy. Bloomberg rounded up the main points of the interview nicely: On Aramco, […]
Posted inDiplomacy + Foreign Trade
Sudan threatens to reciprocate, deport Egyptians
Sudanese Foreign Minister Ibrahim Ghandour has said his government “will apply the principle of reciprocity” to Egypt if Cairo continues to deny entry of Sudanese nationals, according to Sudan Tribune. The comments came after Egypt denied Sudanese journalists Iman Kamal al-Din and Al-Tahir Satti entry to Egypt and deported them. “We agreed with the Egyptian […]