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In other legislative news, the Egyptian Council of State (Maglis El Dowla) has completed reviewing the Investment Act and will be passing it on to Parliament its way to parliament for approval, Al Borsa reports. The act is part of a bundle of laws the Maglis plans to send out to the House, which include […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Germany lifts altitude restriction on flights to Sharm El Sheikh
The Egyptian embassy in Berlin has successfully managed to get Germany to lift restrictions to flights to Sharm El Sheikh, the Foreign Affairs Ministry announced. The German transportation ministry removed a restriction on German airlines that required them to fly at a minimum altitude of 26,000 feet above South Sinai. The restriction was imposed in […]
Posted inSpeed Round
El Sisi attends second monthly youth conference in Aswan
President Abdel Fattah El Sisi announced a number of decisions aimed at improving living standards in Upper Egypt at the National Youth Conference held in Aswan over the weekend. These include establishing the High Authority for the Development of Southern Egypt which will be responsible for developing programs to tackle unemployment, upgrading services, and preserving […]
Posted inSpeed Round
Bourse revises its main indices, replaces four companies in the EGX30
The EGX announced its semi-annual revision to its indices last week. The EGX 30 will now include Oriental Weavers (ORWE), Juhayna (JUFO), Sidi Kerir Petrochemicals (SKPC), and Credit Agricole Egypt (CIEB). Out of the EGX 30 now are Egypt Kuwait Holding (EKHO), Edita (EFID), Arabia Invest Development Holding (AIND), and Elsaeed Contracting & Real Estate […]
Posted inSpeed Round
New chief at Cairo Regional Center for International Commercial Arbitration
MOVES — Dr. Ismail Selim will be taking over as the head of the Cairo Regional Center for International Commercial Arbitration for a four-year term, replacing Dr. Mohamed Abdel Raouf, Al Borsa reported.
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt-Saudi relations spiraling out of control
The reflowering of the Egyptian-Iranian relations blossomed in direct proportion to the souring of Egyptian-Saudi relations, particularly during 2016, writes Gregory Copley for Yahoo Finance. Egypt resisted attempts by Saudi Deputy Crown Prince Mohamed Bin Salman to commit militarily to the Saudi-led Coalition fighting in Yemen, a conflict which the Egyptian Government felt was ill-advised, […]
Posted inEGYPT IN THE NEWS
Egypt’s drug shortage and clinical trials in the French media
Radio France International (RFI) aired an interview about Egypt being multinational pharma producers’ second most-preferred destination for clinical trials in Africa, according to a report published by Swiss organization Public Eye. The report said these trials raised a number of ethical concerns, saying companies coopt Egyptians into being ‘guinea pigs’ their whole life, researcher Ayman […]
Posted inEGYPT IN THE NEWS
The future for Egypt may not be as clear as we think
The future is not so clear for Egypt and the foundations of its political system may not be as stable as they seem, suggests Jack Shenker in an another dreary, played-out opinion piece for The New York Times. While it may appear to be heading towards less chaotic times, Egypt “lurches from crisis to crisis, […]
Posted inEGYPT IN THE NEWS
Banning Muslims from America will not reduce risks from terrorism, could backfire
Over on the Seattle Times, Scott Shane uses Egypt and Saudi Arabia’s exclusion from the list of countries which will receive visa restrictions, as a means to argue the failure of the decision. His premise? Not once since 9/11 was a terrorist attack committed by anyone from the countries on the list.