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Posted inLegislation + Policy

Maybe contractors will stop whining now

The House of Representatives’ general assembly approved the Contractor's Compensation Act on Tuesday and has passed it on to the Council of State for a final review before it’s passed, Youm7reports. Contractors had given Baby Huey a run for his money with their whining, pressing the House to issue the legislation that is expected to […]

Posted inEgypt Politics + Economics

Judges call Sunday meeting to discuss amendments to the judicial code

Judges at the Council of State have called for a meeting on Saturday to discuss their objection to amendments to the judicial code that had been hastily approved by the House of Representatives on Monday, reportedly without prior consultations with any judicial authorities, Al Mal says. The amendments, among other things, would give the president […]

Posted inON YOUR WAY OUT

Upper Egypt entrepreneurs struggle from centralization

Upper Egypt’s entrepreneurs face challenges to grow their business, often having to move to Cairo, Doaa Farid writes for Wamda. The United Nations Industrial Development Organization’s Imkan program in Upper wants to help them. The program offers technical training, marketing, financial and legal advice to over 20 early-stage startups and SMEs, UNIDO project coordinator Mohamed […]

Posted inON YOUR WAY OUT

Newly discovered Taha Hussein novel on women’s rights unveiled

A novel written by late writer Taha Hussein titled “The Sheikh’s Speech,” only published as a series of short stories in an newspaper in 1915 was discovered, Egyptian National Library and Archives chairman Mahmoud El Daba’ says, Ahram Gate reports. The book consists of 15 letters exchanged between the novel’s characters, discussing the issue of […]

Posted inTHE MARKETS YESTERDAY

BY THE NUMBERS

EGP / USD CBE market average: Buy 18.0821 | Sell 18.1876 EGP / USD at CIB: Buy 18.10 | Sell 18.20 EGP / USD at NBE: Buy 18.00 | Sell 18.10 EGX30 (Tuesday): 12,982 (+0.1%) Turnover: EGP 886 mn (104% ABOVE the 90-day average) EGX 30 year-to-date: +5.2% THE MARKET ON TUESDAY: The EGX30 ended […]

Posted inCALENDAR

29 March (Wednesday): First Time SME Equity Fund Managers in Egypt Opportunities and Challenges seminar, Marriott Zamalek Hotel, Cairo. 29-30 March (Wednesday-Thursday): Cityscape Egypt Conference, Nile Ritz-Carlton, Cairo. 29-31 March (Wednesday-Friday): Balanced Development of Siwa Oasis International Tourism Conference, Siwa Oasis. 30 March (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 31 March - […]

Posted inWhat We're Tracking Today

“Fearless Girl” gets to stay on Wall Street, and the sculptor of the Bull is not happy at all

“Fearless Girl” gets to stay on Wall Street, and the sculptor of the Bull is not happy at all. The statue, commissioned by fund manager State Street Global Advisors (press release) as part of its campaign to get more women on corporate boards and unveiled on International Women’s Day, was due to be removed on […]

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