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Lebanon’s government prequalified eight new companies for its first round of offshore E&P licences, Reuters reports. The government had already prequalified 46 companies in 2013. Of the new companies, India's ONGC Videsh, had been prequalified to bid as an operator and the other seven are PJSC Lukoil , Qatar Petroleum, Britain-based New Age African Global […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings watch: Emaar Misr
EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 437.9 mn in Q1 2017, up from EGP 254.5 mn in Q1 2016, according to a regulatory filing.
Posted inSpeed Round
Afkar S&P UAE exchange traded fund hit a new volume record yesterday
Our friend Seif Fikry’s UCITS-compliant Afkar S&P UAE exchange traded fund hit a new volume record yesterday with 1.14 mn share changing hands. UBC was the executing broker and the transaction for clients including retail investors and family offices, Gulf News reports. “It’s a huge day for us. Today’s achievement was a clear example and […]
Posted inUncategorized
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Posted inEGYPT HOLIDAY PHOTO OF THE DAY
Ras Sedr
Today’s Egypt Holiday Photo of the Day is of Ras Sedr. Ras Sedr was originally developed as a base town for one of Egypt’s largest oil refineries, but its beautiful coasts transformed it into a prime resort area. The image was shot for CIB’s 2016 Annual Report (microsite and print edition) by Zeina Abaza at […]
Posted inImage of the Day
Sahar Nasr, Ivanka Trump, and Dina Powell at Women20 Summit 2017
Investment and International Cooperation Minister Sahar Nasr was at the Women20 Summit 2017 in Berlin yesterday, alongside Ivanka Trump and US Deputy National Security Advisor Dina Habib Powell. Participants in the summit agreed to establish a new women’s economic empowerment fund — of which Egypt will be a member — to accelerate women’s inclusion in […]
Posted inEGYPT IN THE NEWS
Foreign press is still gripped with “Francis Mania” ahead of Pope’s arrival on Friday
“Francis Mania” is still gripping the foreign press: The Pope’s arrival in Cairo tomorrow tops international coverage on Egypt this morning, albeit with very little added substance. AFP gives a rundown of the pontiff’s itinerary once in Cairo for his “high security trip,” which Religion News Services says is nothing new for Francis, who has […]
Posted inEGYPT IN THE NEWS
Politicians feuding with Al Azhar on how to bring about reforms
There is a blistering feud over who speaks for Islam and how to bring reforms between politicians and Al Azhar, according to the Associated Press’ Hamza Hendawi, Lee Keath, and Mariam Fam. The report says pro-government media is accusing Al Azhar of “failing to modernize its teaching to counter militant thought that breeds jihadi movements […]
Posted inEGYPT IN THE NEWS
British holidaymakers should take advantage of Egypt’s recovering tourism
British holidaymakers should travel to Egypt now that its tourism sector is on the mend, Helen Coffey writes for The Independent. The Foreign & Commonwealth Office’s travel warning only applies to North Sinai, and not other highly popular destinations such as Cairo, Alexandria, Luxor, Aswan, and Hurghada, which she says “echoes the message that Egypt’s […]
Posted inEGYPT IN THE NEWS
Other international coverage
Coverage in the international media worth noting in brief: Trump’s soft approach with President El Sisi, which he credits for the release of Aya Hijazi,is being touted by his chief of staff Reince Priebus as part of his “America First Doctrine,” according to Time Magazine. NBC News is noting that Aya Hijazi is crediting Trump […]