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The Cairo Criminal Court sentenced former Interior Minister Habib El Adly and two of his deputies to seven years in prison on corruption charges on Saturday, Al Masry Al Youm reports. The court also decided that the three must return EGP 196 mn they were found guilty of misappropriating. El Adly and nine others were […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Carmen Haddad appointed head of Citigroup’s Saudi head
MOVES- Carmen Haddad was appointed as the head of Citigroup Saudi Arabia, Bloomberg reports. Haddad is currently the chief executive of Citi’s business in Qatar and Citi’s senior private banker for the GCC, Egypt, and the Levant. Citigroup has appointed Haddad to rebuild the bank’s activities in the kingdom after a 10-year absence and “is […]
Posted inSpeed Round
Alwaleed still the richest Arab, Nassef and Naguib top Egypt list
Forbes’ 2017 Arab rich list is out: Prince Alwaleed bin Talal remains the richest Arab with a net worth of USD 18.7 bn. He is followed by Majid Al Futtaim and family and Mohammed Al Amoudi with net worths of USD 10.6 bn and USD 8.1 bn, respectively. Nassef Sawiris is the fifth richest on […]
Posted inSpeed Round
Banana sultanate
Banana sultanate: Turkey has gone from banana republic to banana sultanate after voters reportedly gave its president and longtime Napoleon Complex sufferer Recep Tayyip Erdogan broad executive powers under Monday’s referendum to change the constitutional to a presidential kleptocracy from a parliamentary one. And what did they get for their troubles? Why an extension on […]
Posted inSpeed Round
It’s Vanguard’s world — we just live in it
Ahoy, matey: It’s Vanguard’s world, and we just live in it. From a long profile of the purveyor of low-cost mutual funds in the New York Times: “In the last three calendar years, investors sank USD 823 bn into Vanguard funds, the company says. The scale of that inflow becomes clear when it is compared […]
Posted inSpeed Round
Journos sweat out 9-hour DPRK departure delay with beer, Twitter
What do you do when you’re stuck in North Korea — and have internet access? Light up Twitter, of course. Journalists invited to cover North Korea’s “Festival of the Sun” (ie: the 105th anniversary of the birth of founding father Kim Il Sung) spent nine hours in the airport waiting to leave the parallel dimension […]
Posted inUncategorized
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Posted inEGYPT HOLIDAY PHOTO OF THE DAY
The Blue Hole in Dahab
Today’s Egypt Holiday Photo of the Day is of the Blue Hole in Dahab. The Blue Hole in Dahab, South Sinai, is a 94-meter deep submarine sinkhole known as the “World’s Most Dangerous Dive Site” due to its depth. The image was shot for CIB’s 2016 Annual Report (microsite and print edition) by Zeina Abaza […]
Posted inEGYPT IN THE NEWS
Release of Aya Hijazi tops news on Egypt this morning
The release of Aya Hijazi was the story that topped coverage of Egypt thismorning in the foreign press, with most publications stressing her being held in pretrial detention for three years in violation of the Egyptian constitution. They also note the timing of the release, coming two weeks after President El Sisi met with President […]
Posted inEGYPT IN THE NEWS
State of emergency intended at getting other state actors to cooperate -Brown
Although the state of emergency may be short-lived, its intended effects may be long-lasting, Nathan J. Brown writes in The Washington Post. Brown says the state of emergency “is sending a loud, internal message to toe the line.” He writes: “instead, the declaration of emergency is likely intended to communicate to Egyptian society … to […]