Back to the complete issue
Sunday, 9 May 2021

Also on our Radar on 9 May 2021

Women are permitted under Islam to hold senior positions in the judiciary and Dar Al Iftaa, Al Azhar’s Grand Imam Ahmed El Tayeb said (watch, runtime 12:51). Any attempt to curtail that right, which he said is granted by Sharia, is a “grave sin.” Women are also allowed to travel without a guardian “when it is safe to do so,” he added. The statement caused controversy among scholars over the weekend.

Other things we’re keeping an eye on this morning:

  • GB Auto subsidiary Itamco has denied (pdf) reports in the press last week that GB Auto Chairman Raouf Ghabbour was sentenced to one year in prison, saying the case was closed last November.
  • Italian contractor Webuild has been awarded a contract to work on a 1.7k km highway in Libya that will connect Egypt and Tunisia through the north African country.
  • The National Telecom Regulatory Authority (NTRA) has granted UK telecom giant BT a license to provide transmission and connectivity services to companies that will connect their Egyptian branches to their overseas operations.
  • A new ins. company dedicated to providing travel cover to Egyptians traveling outside of the country has been green-lit by the Financial Regulatory Authority.
  • Rice farmers in violation of water conservation measures will be subject to immediate fines as part of a government strategy to moderate Egypt’s agricultural water consumption.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.