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The Suez Canal Economic Zone (SCZone) signed nine agreements worth USD 15 bn in 2016, according to a yearly performance report picked up by the press last night. Four of these agreements came after years of fruitless talks, such as the USD 200 mn investment by TEDA. Other agreements include the EUR 4 bn pharma […]
Author Archives: enterpriseam admin
Posted inSpeed Round
House proposes giving CPA powers of arrest under new Consumer Protection Act
Why, Lord, why? Consumer Protection Agency is getting the power of arrest. The House of Representatives’ Economic Committee has approved giving the CPA — the state agency behind such brilliant measures as the Smiley Face initiative — power of arrest under the amendments to the Consumer Protection Act that are currently before the House, Al […]
Posted inSpeed Round
Tourism Development Authority postpones offering land to investors until House approves Investment Act
The Tourism Development Authority (TDA) will postpone land tenders until the House of Representatives signs off on the Investment Act in order to avoid contradictions between the terms of the tenders and the new legislation, sources from the authority told Al Borsa. The TDA is also planning to reprice the land it will be offering […]
Posted inSpeed Round
Malfunction causes EgyptAir flight from Paris to return
An EgyptAir flight from Paris returned to Charles de Gaulle after pilots were alerted to a malfunction on the Cairo-bound Airbus. Another aircraft was sent in its place, the airline said in a statement, according to Al Borsa.
Posted inSpeed Round
El Sisi meets with president of Congo-Brazzaville
CORRECTION- President Abdel Fattah El Sisi met with the president of Congo-Brazzaville Denis Sassou Nguesso in Addis Ababa. We said yesterday that El Sisi was set to meet with the president of Congo. The information was corrected on our website.
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 inTHE MACRO PICTURE
Have EM moved beyond the Trump Tantrum?
Emerging markets stocks are on track to close today their best month since March 2016 as EM investors “are shrugging off worries about the potential negative impact of a Donald Trump presidency to join the wider stock market boom,” the Financial Times notes, saying the MSCI EM Index has “hit its highest level since October […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 31 January 2017
The US media is fascinated that Egypt and Saudi Arabia aren’t criticizing US President Donald Trump. Witness stories by the Voice of America (“Why Saudi Arabia, Egypt Have Kept Mum About Muslim Travel Ban”), Politico (“Despite travel ban, Arab leaders line up to talk to Trump”) and the Wall Street Journal (“U.S. Travel Restrictions Put […]
Posted inEGYPT IN THE NEWS
Essam Heggy leading “peaceful revolution” in Egypt
Planetary scientist Essam Heggy is “leading a peaceful revolution in Egypt,” Tafline Laylin writes in OZY. Laylin writes about Heggy speaking up against a series of topics, including kofta-gate and other topics including illiteracy, religious intolerance, disease, terrorism, and corruption, which he views as signs of “a society lacking scientific reasoning.” Laylin claims Heggy is […]