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**Earnings watch: Credit Agricole Egypt reported a 24.2% y-o-y rise in net interest income to EGP 3.35 bn in FY2016 from EGP 2.70 bn the year before, the bank said in a statement. Net profit after tax rose to EGP 1.35 bn from EGP 1.04 bn in FY2015.
Author Archives: enterpriseam admin
Posted inSpeed Round
Al Azhar openly rejects El Sisi’s proposal for legislation to ban verbal divorce
Al Azhar (carefully) rejects El Sisi’s move to modernize divorce law. More significantly this morning: The Associated Press’s excellent Hamza Hendawi picked up Al Azhar’s “carefully-worded statement” that openly rejects President Abdel Fattah El Sisi’s proposal that the House of Representatives take up legislation that would strip a man of the ‘right’ to verbally divorce […]
Posted inSpeed Round
Middle East sees robust year of cross-border M&A activity
Cross-border M&A activity in the Middle East was “robust” in 2016, despite global activity taking a hit from political and economic events, according to Baker & McKenzie’s Cross-Border M&A Index. The Middle East’s position on the index hit 181.6 in 4Q2016, with the UAE topping the list as the most active in the region in […]
Posted inSpeed Round
Louvre attacker in custody, refusing to talk
Egyptian national Abdullah Reda El Hamahmy, who allegedly attacked two soldiers with a machete near Paris’ Louvre Museum before being shot in the abdomen on Friday, is currently in custody in a hospital but is refusing to speak to investigators, Reuters reported. French investigators are working to determine whether El Hamahmy acted alone.
Posted inSpeed Round
Al Bashir threatens to resort to UN Security Council over Halayeb
Sudan’s President Omar Al Bashir has threatened to resort to the UN Security Council if Egypt refuses to start negotiations over the Halayeb triangle. In an interview with Al Arabiya, Al Bashir insisted he believes the area is Sudan’s and should be ceded by Egypt. He also denied that Sudan is harboring any members of […]
Posted inSpeed Round
US appeals court rejects request to immediately reinforce travel ban
A US federal appeals court rejected the Justice Department’s request to immediately reinstate President Donald Trump’s travel ban on nationals from seven Muslim-majority countries, The New York Times reports. The Trump administration’s response is expected today.
Posted inSpeed Round
Pats beat Falcons in first US Super Bowl overtime
New England Patriots come from behind to win (American) football Super Bowl once again: It looked like the Falcons would be the ones clipping the Pats’ wings as the Atlanta team opened a 28-3 lead — until the Patriots came back to win the game 34-28 in the first overtime period played in Super Bowl […]
Posted inSpeed Round
CORRECTION- Due to a technical issue, we failed to post the full Weekend Edition column Beyond the Rubicon by Aly El Shalakany this past Friday. The issue has been fixed and the complete article, Show Me The Money, is available on our website now. We regret the error. *** Investor relations analyst wanted: Inktank Communications, […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt’s Afcon loss dominates foreign press coverage
Egypt’s defeat at the Afcon final is getting coverage far and wide in the international press, with the story being picked up by ESPN, Bloomberg, Reuters, CNN, Al Jazeera, Al Arabiya, The Guardian, BBC, the Associated Press, and the Daily Mail. We’re going to go sit in the corner and cry a for a few […]