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The Cairo Court of Cassation acquitted Mubarak-era Tourism Minister Zoheir Garana of charges of corruption, profiteering and squandering public money on Tuesday, Ahram Online reports. The ruling overturns a five-year prison sentence against Garana back in 2014, when a Cairo criminal court found him guilty of buying land in Ain Sokhna resort of Gamsha in […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings watch: Emaar Misr
** Earnings watch- Emaar Misr said its net profit for 2016 grew by 98% y-o-y to EGP 1.68 bn on revenues of EGP 4 bn (up from EGP 3.23 bn a year ago).
Posted inSpeed Round
Global demand for gas is expected to increase by 2% a year between 2015 and 2030
Global demand for gas is expected to increase by 2% a year between 2015 and 2030, with LNG set to rise at twice that rate at 4 to 5%, according to Shell’s first-ever LNG outlook report. By 2020, the size of global LNG trade is projected to grow 50% compared to volumes in 2014. The […]
Posted inSpeed Round
Trump addresses Congress, Citi eyes KSA, Iran has had a good year, but…
Other international news stories of local relevance worth noting this morning: US President Donald Trump “toned down the dark rhetoric” in his first address to Congress. We’ll be reading takes this morning by Politico (the entire homepage at press time) and the New York Times. Lining up at the trough: Citigroup is said to be […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Conditions for bond bull market to be over are in place -Goldman Sachs
“Certainly conditions are in place for the bull market in bonds to be over,” Ashok Varadhan, Goldman Sachs’ global co-head of the Securities Division says. “The catalysts that have spurred the dramatic rise in bond yields over [the last three decades] — globalization, disinflation, central banks' zero-interest rate policies and their nominal bond buying programs, […]
Posted inImage of the Day
The hypocrisy of antique collection
The hypocrisy of antique collection: Egypt gets a lot of flak for the routine “misplacement” of historical and ancient Egyptian artifacts. Cut to Europe, whose entire knowledge of Egyptology has been arguably based on stolen artefacts. Take this gentleman up top: Major Harry Hartley Waite Southey, who is considered a celebrated explorer in his middle-of-nowhere […]
Posted inEGYPT IN THE NEWS
Anwar Al Sadat’s expulsion leads conversation on Egypt this morning
Topping coverage of Egypt in the international press this morning is the expulsionof MP Mohamed Anwar El Sadat from the House of Representatives, a move that has eroded parliament’s image and fed into the conventional Western trope of Egypt as a place where dissent is not tolerated. As we noted yesterday, the New York Times […]
Posted inEGYPT IN THE NEWS
Continued reports on targeting Copts in Sinai, the expulsion of Sadat
The international press is still reporting extensively on the targeting by Daesh terrorists of Copts in Northern Sinai, with Heba Saleh writing in the Financial Times that Daesh’s affiliates are driving them away from Arish. Extremism researcher Mokhtar Awad tells her it was a matter of time before the terrorists focused on targeting Egypt’s minorities […]
Posted inEGYPT IN THE NEWS
The Muslim Brotherhood: Terrorists or Not?
The Wall Street Journal carries an opinion piece by two of our favourite thinkers on Egypt headlined “The Muslim Brotherhood: Terrorists or Not?” (paywall). Their bottom line, Mokhtar Awad and Samuel Tadros write: “It’s complicated. The Islamist group splintered after 2011, and some of its spinoffs are violent.” To wit: “The old Egyptian Muslim Brotherhood […]