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Remittances from Egyptian expatriates rose 15.4% y-o-y in December 2016 to USD 1.6 bn from USD 1.4 bn last year, the CBE told Reuters. Remittances in 4Q2016 totalled USD 4.6 bn, an 11.8% increase from the same quarter last year.
Author Archives: enterpriseam admin
Posted inSpeed Round
GAFI chairman Mohamed Khodeir gives details on the Investment Act
Incentives under the Investment Act will last for three years, Youm7quotes General Authority for Investment and Free Zones (GAFI) Mohamed Khodeir as saying. He added that these incentives have been made deliberately short to encourage speedy development of projects. The draftof the law which was shopped to the public had set a five-year timeline for […]
Posted inSpeed Round
Egypt at 108 on Corruption Perceptions Index alongside Ethiopia, Algeria, and Cote D’Ivoire
Egypt ranked 108 on Transparency International’s Corruption Perceptions Index for 2016, alongside Algeria, Cote D’Ivoire, Ethiopia, and Guyana. “More countries declined than improved in this year's results, showing the urgent need for committed action to thwart corruption,” the report states. Countries are assessed on the basis of press freedom, judicial independence, transparency on public expenditure, […]
Posted inSpeed Round
Aramco hires four banks to advise on its first bond sale ahead of 2018 IPO
Saudi Aramco has hired four banks to advise on its first bond sale ahead of its 2018 IPO, Bloomberg reported. NCB Capital, Alinma Investment Co., Riyad Capital, and HSBC Holding Plc’s local arm will advise on the sale of SAR-denominated sukuk, which could be followed by USD-denominated bonds, sources close to the matter said. Aramco […]
Posted inSpeed Round
Inktank Communications is hiring an investor relations analyst
*** Investor relations analyst wanted: Inktank Communications, the Cairo-based investor relations firm that works with both major EGX-listed companies and privately held groups, is looking for two investor relations analysts. The position with our parent company entails working on everything from investor presentations, earnings releases, board material and client transactions to investor-focused press releases and […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt in the News on 7 February 2017
It’s a big morning for Egypt in the international press. Football remains the dominant story by sheer volume of pieces, with one of the more significant piece in that vein being the BBC’s report that the Egyptian Football Association isn’t planning on kicking head coach Héctor Cúper to the curb for failing to bring home […]
Posted inOn Deadline
Egypt should allow football fans back into the stadiums
It’s time for the stadiums to reopen their doors to the football fans, Ossama El Ghazaly Harb writes in Al Ahram. Football stadiums have been closed to the public since 2011 for safety concerns, but allowing the crowds back in, particularly now after the AFCON, would send a message to the world that Egypt is […]
Posted inOn Deadline
Is legislation on verbal divorce a way of adapting Islamic shari’a to modern times?
Islamic customs with a modern twist are not a novelty, so why is the issue of banning verbal divorce such a big no-no for Al Azhar? May Azzam muses on the question in her latest column for AMAY, arguing that certain guidelines of Islamic shari’a have been adapted—in practice rather than essence—to cope with changing […]
Posted inWorth reading
Women’s issues in Egypt are sidelined by political and economic challenges
Women’s issues in Egypt have been pushed to the sidelines since the start of the Arab Spring, as the country grappled with political and economic instability in its aftermath, the director of Rice University’s Women’s Rights in the Middle East Program, Marwa Shalaby, says in an interview with World Politics Review. The significant progress that […]