MOVES- Orange Middle East and Africa (OMEA) announced the appointment of Atef Helmy, Orange Egypt’s chairman and a former CIT Minister, as a senior advisor to OMEA. Helmy’s post as chairman of Orange Egypt will be occupied temporarily by Bruno Mettling, chairman and CEO of OMEA, until a chairman is appointed in the coming months. […]
Author Archives: enterpriseam admin
Earnings Watch: Orascom Hotels & Development
EARNINGS WATCH- Orascom Hotels & Development reported a consolidated net loss of EGP 499.5 mn in 2016 compared with a net profit of EGP 206.1 mn the previous year. The company’s bottom line was weighed down by FX losses, according to a regulatory filing.
Spain arrests Egyptian man for alleged affiliation with terror organization
Spanish police arrested yesterday a 43-year-old Egyptian man allegedly belonging to an international terror organization with the help of information from German and Egyptian authorities, the Associated Press reports. The man, whose name was not disclosed, was previously detained during a raid on a terrorist cell by German authorities in 2002. Spain will begin procedures […]
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Luxor’s Karnak Temple
Today’s Egypt Holiday Photo of the Day is of The Karnak Temple in Luxor. About 30 pharaohs contributed to the buildings at Karnak Temple in Luxor, enabling it to reach a size, complexity and diversity not seen elsewhere. The image was shot for CIB’s 2016 Annual Report (microsite and print edition) by Zeina Abaza at […]
Emerging market capital flows turn positive
Emerging markets are thriving, but “peak China” remains a risk: “Capital flows to emerging markets have turned positive for the first time since the second quarter of 2014, the Financial Times reports, saying “emerging markets attracted a net USD 28.6 bn of capital in the first quarter of 2017, a sharp improvement on the USD […]
Aya Hijazi’s freedom and the shift in US-Egypt relations
Aya Hijazi’s return to the United States and her meeting with President Donald Trump are far and away the most widely covered stories on Egypt in foreign outlets this morning. For the uninitiated, the Washington Post’s Louisa Loveluck gives a rundown of Hijazi’s three-year ordeal, in which “her American citizenship did not seem to count […]
Tech startups are the key to creating employment opportunities in Egypt
Our friends Ahmed El Alfi and Khaled Ismail get some love from the Financial Times this morning. Heba Saleh turns in a nice piece in which El Alfi (wearing his Flat6Labs hat) makes the point that, “People with corporate experience are leaving careers to start companies. They are coming to us for funding at a […]
Coverage of Egypt in international media worth noting in brief
Other coverage worth a skim included: Egyptian film Clash is a gripping account of the chaos that swept Egypt in 2013 and is “also a work of fiendish formal brilliance,” Danny Leigh writes in The Financial Times, giving it a 4-out-of-5 star rating. Tara Brady gives the film a similar rating in the Irish Times, […]
Aya Hijazi, a lesson for politically active Egyptians
Egyptian pundits are using the Aya Hijazy case to point to others who have been wrongfully locked up. Among these was Fahmy Howeidy, who writes for Al Shorouk that activist Egyptians are forced to choose between turning a cold shoulder to public issues, receiving the citizenship of a country that can protect them, or leaving […]