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MOVES- The Egyptian Resorts Company (ERC) has appointed Ahmed Saad El Din Abu Hendia as non-executive Chairman, ERC said in a statement.
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings watch: Palm Hills Development
EARNINGS WATCH- Palm Hills Development reported an 8% y-o-y rise in net profit after tax and minority interest to EGP 640 mn in FY2016 from EGP 590 mn in FY2015, the company said in a statement. Revenues grew 55% y-o-y to EGP 5.631 bn in FY2016 compared to EGP 3.642 bn in FY2015.
Posted inSpeed Round
Newspaper claims Ministry will shut down NCBIS
NCBIS in danger of being shut down? The Education Ministry has reportedly ordered New Cairo British International School (NCBIS) shuttered starting next year, Egypt Independent claims. The report says “the institution has no license and the students are not officially registered” adding that the suspension will be enforced starting from the next school year. NCBIS […]
Posted inSpeed Round
Prosecutor General summons Aboutrika for questioning
The prosecutor general’s office has summoned retired footballer Mohamed Aboutrika, along with 1,501 other individuals placed on a terror watchlist, for questioning over allegations they funded the outlawed Muslim Brotherhood, Al Masry Al Youm reports.
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Foreign Ministry’s praise for Trump takes the spotlight in the international press
Chatter about the African Cup of Nations is dying down in the international press’ coverage of Egypt, making way for the Foreign Ministry’s statement praising Trump’s media critique to take the stage. Reuters’ pickup provides just enough to get the main point across, while AFP delves into the issue enough to remind us twice that […]
Posted inEGYPT IN THE NEWS
Alleged Louvre attacker wanted to “avenge” Syrians, damage paintings
Alleged Louvre attacker Abdullah Reda El Hamahmy told French investigators that his motives for the attack were to damage paintings in the Louvre museum and “avenge” the Syrian people. He also confirmed his identity to investigators after initially refusing to cooperate, Reuters reports. The Egyptian national’s custody was temporarily lifted after his health condition “sharply […]
Posted inEGYPT IN THE NEWS
The Trials of the Egyptian Pound
The EGP will likely rebound in the long run, but its recovery will be slow given pent-up demand for USD, writes Brenden Meighen for the Carnegie Endowment for International Peace. Meighan sees the rebound as conditional on domestic businesses being able to ramp up production import substitutes while lower relative cost of production attracts new […]
Posted inWorth reading
The private sector has a role to play in achieving SDGs -Mohieldin
What is on Mahmoud Mohieldin’s mind? If you, like us, remember Dr. Mahmoud with a significant measure of fondness and have wondered what he’s up to in the US, look no further The private sector needs to take on “a broader, more integrated role in the development agenda” in order to achieve the Sustainable Development […]
Posted inImage of the Day
What’s the plural of mensch?
Some 20 rabbis were arrested in front of Trump Tower in New York City yesterday for protesting The Donald’s Muslim ban. The New York Times has the details. The plural of mensch is menschen, right?