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The Manpower Ministry has completed drafting the Labor Unions Act after taking into account input from business owners and labor and has sent it to the State Council (Maglis El Dowla) for review, Minister Mohamed Saafan said in a phone-in to a talk show last night (watch, runtime 2:15).
Author Archives: enterpriseam admin
Posted inEgypt Politics + Economics
Criminal charges against Mubarak-era trade minister scrapped after settlement
A Cairo court scrapped the criminal charges against Mubarak-era trade minister Rashid Mohamed Rashid on Saturday after he reached a settlement agreement with the Justice Ministry last November, Ahram Online reported. Rashid, who faced graft and corruption charges, will pay the government nearly EGP 500 mn as part of the agreement.
Posted inON YOUR WAY OUT
Egypt could be exporting horses soon
The Agriculture Ministry announced it is now open to receiving requests to export horses after meeting the requirements set by EU authorities, Al Borsa reported.
Posted inON YOUR WAY OUT
Documentary on Egyptian composer Amr Salah premieres at International Film Festival Rotterdam
Cairo Jazzman, a documentary on Egyptian composer and musician Amr Salah premiered at the International Film Festival Rotterdam last week, according to The National. The film documents the three weeks leading up to the Cairo Jazz Festival, as Salah, the festival’s organizer, struggles “with a tiny budget and minimal assistance from public bodies.” You can […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.62 | Sell 18.77 EGP / USD at CIB: Buy 18.65 | Sell 18.75 EGP / USD at NBE: Buy 18.3 | Sell 18.35 EGX30 (Thursday): 12,806.07 (+1.76%) Turnover: EGP 1.223 bn (186% above the 90-day average) EGX 30 year-to-date: +3.735% THE MARKET ON THURSDAY: The Egyptian benchmark […]
Posted inCALENDAR
26 January - 10 February (Thursday-Friday): Cairo International Book Fair, Nasr City fairgrounds. 05 February (Sunday): Emirates NBD PMI Egypt release. 08 February (Wednesday): N Gage Debate on National Food Safety Authority, Four Seasons Hotel Nile Plaza, Cairo. 14-16 February 2017 (Tuesday-Thursday): Egypt Petroleum Show 2017 (EGYPS), CIEC, Cairo. 16 February (Thursday): Central Bank of […]
Posted inSPEED ROUND, THE WEEKEND EDITION
The Weekend Recommendation
One thing we’ll try to do this weekend is catch Becoming Warren Buffett, a documentary from HBO. The New Yorker’s James Surowiecki says the documentary, made with the cooperation of Buffett and his family, “deals with Buffett the businessman and investor, but it’s Buffett the man and his complicated, and often difficult, relationships with the […]
Posted inSPEED ROUND, THE WEEKEND EDITION
Nuclear energy is getting crushed by cost concerns
How are those plans for Daba’a going? The biggest problem with nuclear energy isn’t safety, economist Noah Smith argues in his Bloomberg View column, it’s cost. Despite the perception of it being a “clean” source of energy compared to other fossil fuels. “the economics of nuclear are almost certain to keep it a marginal part […]
Posted inSPEED ROUND, THE WEEKEND EDITION
We are being watched, and that’s why Trump won
Could big data and psychometrics have helped put The Donald in the White House? The ability to algorithmically profile people based on their online behaviour was an important factor in Trump’s bid for the presidency, helping the candidate target potential voters with tailored messages, Hannes Grassegger and Mikael Krogerus write for Vice’s Motherboard. “Trump’s striking […]
Posted inSPEED ROUND, THE WEEKEND EDITION
China’s Kiss of Debt
China’s Kiss of Debt: The single most important predictor of economic and financial trouble is when a country takes on too much debt over a short span of time, says Ruchir Sharma, head of emerging markets and chief global strategist at Morgan Stanley Investment Management, in a video for Asia Society. There were around 30 […]