Friday, November 21, 2014

Egypt Corporate Lawyers: "الرقابة المالية" تعد قواعد ممارسة نشاط التمويل مت...

Egypt Corporate Lawyers: "الرقابة المالية" تعد قواعد ممارسة نشاط التمويل مت...: http://www.mubasher.info/EGX/news/2634643/-%D8%A7%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%B...

Egypt Corporate Lawyers: Dangerous tweets: Arrested, fined in 140 character...

Egypt Corporate Lawyers: Dangerous tweets: Arrested, fined in 140 character...: http://arstechnica.com/tech-policy/2012/02/dangerous-tweets-arrested-fined-in-140-characters-or-less/


Sent from my iPad

Dangerous tweets: Arrested, fined in 140 characters or less | Ars Technica

http://arstechnica.com/tech-policy/2012/02/dangerous-tweets-arrested-fined-in-140-characters-or-less/


Sent from my iPad

"الرقابة المالية" تعد قواعد ممارسة نشاط التمويل متناهى الصغر - معلومات مباشر | مصر

http://www.mubasher.info/EGX/news/2634643/-%D8%A7%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%B9%D8%AF-%D9%82%D9%88%D8%A7%D8%B9%D8%AF-%D9%85%D9%85%D8%A7%D8%B1%D8%B3%D8%A9-%D9%86%D8%B4%D8%A7%D8%B7-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D9%85%D8%AA%D9%86%D8%A7%D9%87%D9%89-%D8%A7%D9%84%D8%B5%D8%BA%D8%B1#.VG58loikqK3


Sent from my iPad

Monday, November 17, 2014

Egypt Corporate Lawyers: EGX approved CIB capital increase as part of emplo...

Egypt Corporate Lawyers: EGX approved CIB capital increase as part of emplo...: The securities listing committee of the Egyptian Exchange (EGX) approved a request received from Egypt’s largest listed private bank Comm...

EGX approved CIB capital increase as part of employee incentive system

The securities listing committee of the Egyptian Exchange (EGX) approved a request received from Egypt’s largest listed private bank Commercial International Bank (CIB) – Egypt to proceed with increasing issued capital as part of employee incentive system.
CIB’s board had endorsed an increase in issued and paid-in capital by EGP 94,747,940 (9474794 shares) as part of employee incentive system.
The bank posted 20.5% growth in consolidated net profit for the first nine months of FY14 to EGP 2.710 billion, compared with EGP 2.249 billion in the same period a year earlier.
Hisham Ezz Al-Arab, Chairman and Managing Director of CIB, commented: “CIB continued its strong performance in the third quarter, turning in record 9-month consolidated revenues of EGP 5.8 billion, with year-on-year growth of 17%. Consolidated bottom line came in at EGP 2.7 billion, an increase of 20% over last year” 

However, banks are still strongly criticized for very high interest rates which does not encourage economic growth, despite several interest rates reductions led by the Central Bank of Egypt, which is still required to reduce interest rates if it is serious about economic growth in Egypt.
Further, banks should reconsider their lending and crediting policies, which under the current system is hardly beneficial for entrepreneur who are establishing new businesses and ventures, but already rich companies which track records and a solid asset base. Banks should start considering moving its focus on the efficiency of the new projects and projected cash flow of new projects in order to help unemployment rates and more investment to be directed to Egypt. Further Banks should engage more and more in social responsibility projects that helps the community, in the field of education, health, social security, slums and informal settlements surrounding Cairo, or even in culture, music, theater and sports event, or athlete sponsoring, which may give a good push to such standing still sector, and in order to give to their clients and the communities where they operate and generate huge profits, that they also help such communities to develop and grow, healthy, educated and entertained. 
At least part of the millions of money paid in stupid TV and Bill board in the streets some of this money can be channeled to the community, which also will help marketing and advertizing the enterprise but in a way more beneficial to the country and those banks, further all such money is tax deducted, in an effort from the legislator to give the companies an incentive to invest in such projects.

Tuesday, November 11, 2014

Egypt Corporate Lawyers: EFG-Hermes posts EGP100m consolidated profit in Q3...

Egypt Corporate Lawyers: EFG-Hermes posts EGP100m consolidated profit in Q3...: http://english.mubasher.info/EGX/news/2626388/EFG-Hermes-posts-EGP100m-consolidated-profit-in-Q3#.VGHnEoe6DeI

Such good news for the mar...

Egypt Corporate Lawyers: UAE's Aabar buys 5.1% stake in Egypt’s Palm Hills ...

Egypt Corporate Lawyers: UAE's Aabar buys 5.1% stake in Egypt’s Palm Hills ...: UAE's Aabar buys 5.1% of Egypt's Palm Hills, for more information visit:
http://english.mubasher.info/EGX/news/2625140/UAE-s-Aabar-...

Egypt Corporate Lawyers: UAE's Aabar buys 5.1% stake in Egypt’s Palm Hills ...

Egypt Corporate Lawyers: UAE's Aabar buys 5.1% stake in Egypt’s Palm Hills ...: UAE's Aabar buys 5.1% of Egypt's Palm Hills, for more information visit:
http://english.mubasher.info/EGX/news/2625140/UAE-s-Aabar-...

Egypt Corporate Lawyers: SODIC says rights issue 99.19% subscribed, seeks n...

Egypt Corporate Lawyers: SODIC says rights issue 99.19% subscribed, seeks n...: http://english.mubasher.info/EGX/news/2621753/SODIC-says-rights-issue-99-19-subscribed-seeks-no-more#.VGHr4oe6DeI

Real Estate Analysts, ...

SODIC says rights issue 99.19% subscribed, seeks no more - Mubasher | Egypt

http://english.mubasher.info/EGX/news/2621753/SODIC-says-rights-issue-99-19-subscribed-seeks-no-more#.VGHr4oe6DeI

Real Estate Analysts, still criticize the company for focusing on high end products with relatively high prices which drives the market higher for no fundamental reason, such units are sold to rich customers and client, who are the same clients, in most of their projects, who eventually will get saturated, and who are not using the units for residential purposes but rather for investment, which hinder new weds and families from accessing reasonably priced units.
Sodic should invest more, like Orascom for example in low to medium income units, and limit its profit margins to reasonable limits in order not to over supply the high end market, and make low to medium priced units accessible to low and medium income family, given the enormous profits they made in the market, so they should start to act more socially responsible and not just think of making extreme profits with will lead to a market bubble such as in 2008, which will eventually collapse the high end real estate markets, that will result in loss to Sodic clients who already bought for very high prices.
Generally, real estate developers in Egypt are also criticized for not introducing REITS and Securitization, though the legislature and legal regime so permits, which will enhance the work of the real estate mortgage, which eventually make residential units available to low and medium income classes. However, with such high interest rates, imposed by banks, which analysts recommends it should go way down, as it is among the highest in the world, real estate developers are preferring to do it themselves and sell the units on maps, get the money from the buyers and use it for building, and by the time the construction work is done, the real estate developer has already collected its cost and made its enormous profit. Accordingly banks and real state developers should both act more responsibly and think more about the long term sustainability of the system rather than on the very short term hit and run strategy, which destabilize the market and result in a historical rally of real estate prices for absolutely no fundamental reason.

UAE's Aabar buys 5.1% stake in Egypt’s Palm Hills - Mubasher | Egypt

UAE's Aabar buys 5.1% of Egypt's Palm Hills, for more information visit:
http://english.mubasher.info/EGX/news/2625140/UAE-s-Aabar-buys-5-1-stake-in-Egypt-s-Palm-Hills#.VGHqI4e6DeI

Palm Hills posts Q3 profit rise to 129 million EGP, for more information visit:
http://english.mubasher.info/EGX/news/2625041/Palm-Hills-posts-Q3-profit-rise-to-EGP129-7m#.VGHqOIe6DeI

Investors hope that, Yassin Mansour's court cases are over, and that his personal problems with Shehab Mazhar are solved, for the best interest of the company. Further, analysts and customers are still complaining about the slow building operation of the already sold units, though it has a slightly improved after Orascom has been assigned as contractor of its project, however, it is not as fast as client's expectations.

MubasherTrade gets 2 licenses to trade on global markets - Mubasher | Egypt

http://english.mubasher.info/EGX/news/2625856/MubasherTrade-gets-2-licenses-to-trade-on-global-markets#.VGHovIe6DeI

Such a good move to widen the exposure and the possibility of diversification by the Egyptian market participators, it further open the doors for arbitrage in the event of a down movement in the Egyptian market, which may be a bit hedged in GDRs in London. However, Egyptian market participants, specially the small investors and non-professional ones to invest in funds that are more experienced and skilled in money management and investment, which now exist in the Egyptian market in a decent variety depending on investors appetite for risk, specially that all such funds (the ones registered in Egypt are guaranteed by the Central Bank), which ensures a professional allocation and reasonable risk taking and diversification.

EFG-Hermes posts EGP100m consolidated profit in Q3 - Mubasher | Egypt

http://english.mubasher.info/EGX/news/2626388/EFG-Hermes-posts-EGP100m-consolidated-profit-in-Q3#.VGHnEoe6DeI

Such good news for the market, however, some analysts criticized EFG-Hermes, for not playing a market maker role, in order to balance the market during stressed times, though its huge operation and profits generated from its operation in Egypt, further, it is not providing enough research and statistics for more transparent and efficient markets. The lack of a market maker in the Egyptian market is deeply affecting the volatility and small investors.
Large investment banks and brokers, should start to form a market maker entity, whose role is to balance the market, i.e. buying stocks when the markets are down and selling when the market is up, hence stabilizing the market and making profits, specially with the introduction of the same day trading, and short selling.

Saturday, November 8, 2014

Egypt Corporate Lawyers: Egypt Corporate Lawyers: BBC News - Swiss migratio...

Egypt Corporate Lawyers: Egypt Corporate Lawyers: BBC News - Swiss migratio...: Egypt Corporate Lawyers: BBC News - Swiss migration quotas: Rift with EU gr... : http://www.bbc.com/news/world-europe-27244959 Shame on ...

Egypt Corporate Lawyers: Egypt Corporate Lawyers: 10 arrested as London Mil...

Egypt Corporate Lawyers: Egypt Corporate Lawyers: 10 arrested as London Mil...: Egypt Corporate Lawyers: 10 arrested as London Million Mask March turns ten... : http://rt.com/uk/202623-scuffles-london-march-anonymous/ ...

Egypt Corporate Lawyers: BBC News - Libya supreme court 'invalidates' elect...

Egypt Corporate Lawyers: BBC News - Libya supreme court 'invalidates' elect...: http://www.bbc.com/news/world-africa-29933121

BBC News - Libya supreme court 'invalidates' elected parliament

http://www.bbc.com/news/world-africa-29933121

Egypt Corporate Lawyers: Clashes and arrests at end of Brussels anti-auster...

Egypt Corporate Lawyers: Clashes and arrests at end of Brussels anti-auster...: http://www.euronews.com/2014/11/07/clashes-and-arrests-at-end-of-brussels-anti-austerity-protest/

I came to our great surprise how viole...

Clashes and arrests at end of Brussels anti-austerity protest | euronews, world news

http://www.euronews.com/2014/11/07/clashes-and-arrests-at-end-of-brussels-anti-austerity-protest/

I came to our great surprise how violent and brutal the English, French and Belgium police forces are dealing with the peaceful protesters, anti-capitalism in England and anti-austirity measures in Belgium, it just reminded us of how brutal and aggressive was the French and American police dealing with the protesters in France and USA, such policies are highly criticized and will only lead to more aggression from the crowd, we shall also respond. I don't get how such governments on several occasions was against such actions by Arab governments during the Arab spring claiming its is against human rights and democracy, I say the same to them now, and moreover, shame on all such policies, and double standards

Egypt Corporate Lawyers: 10 arrested as London Million Mask March turns ten...

Egypt Corporate Lawyers: 10 arrested as London Million Mask March turns ten...: http://rt.com/uk/202623-scuffles-london-march-anonymous/

Huge anti capitalism protests in England, police arrests tens of protesters, an...

Egypt Corporate Lawyers: BBC News - George Osborne defends claim of halving...

Egypt Corporate Lawyers: BBC News - George Osborne defends claim of halving...: http://www.bbc.com/news/uk-politics-29965113

Egypt Corporate Lawyers: 10 arrested as London Million Mask March turns ten...

Egypt Corporate Lawyers: 10 arrested as London Million Mask March turns ten...: http://rt.com/uk/202623-scuffles-london-march-anonymous/

Huge anti capitalism protests in England, police arrests tens of protesters, an...

Egypt Corporate Lawyers: BBC News - Swiss migration quotas: Rift with EU gr...

Egypt Corporate Lawyers: BBC News - Swiss migration quotas: Rift with EU gr...: http://www.bbc.com/news/world-europe-27244959

Shame on the Swiss and British Government policies that claims to be democratic to discrim...

BBC News - Swiss migration quotas: Rift with EU grows

http://www.bbc.com/news/world-europe-27244959

Shame on the Swiss and British Government policies that claims to be democratic to discriminate against some European countries, specially that one fourth of Swiss citizens are foreigners, and one fourth of all swiss have a least one foreign parent, and the remaining of the population is either French, German or Italian origins, the only native Swiss are the Romansch who are similar to the red indians in America in terms of ratio to the population. I can't imagine how Switzerland may operate without enough foreign workers?!!! Also given the number of British living abroad it really came to my surprise how the British immigration policy is rubble faced, with the nations that they previously conquered, occupied and lived from their products, goods and labour, how selfish and discriminatory is that??!!! shame on the policies of those two governments who claims to be democratic, and not racist or neutral.
I would have respected such policies if it was based on any subjective principal of quality, capacity, caliber, but to generalize like that, assuming all citizens of a certain country are not allowed to free move in Switzerland or England is a big breach of discrimination, fair treatment and democracy in the history of those two countries, who shall definitely pay a high price for such racism and discrimination. We are also waiting how Obama and the United States are going to tackle their immigration policies, are they going to act more democratically or also will follow Switzerland and the United Kingdom, in their discriminatory approach towards immigration.

10 arrested as London Million Mask March turns tense — RT UK

http://rt.com/uk/202623-scuffles-london-march-anonymous/

Huge anti capitalism protests in England, police arrests tens of protesters, and the bbc did not even mentioned it, on any of its 10 channels, what a joke the English media has become, the lack of transparency and propaganda is highly directing the English media. Shame on that !!!!

BBC News - George Osborne defends claim of halving £1.7bn EU budget surcharge

http://www.bbc.com/news/uk-politics-29965113

(3) Antiques Marché

https://www.facebook.com/groups/320843731441991/

BBC News - Apec agrees network to share information on corruption

http://www.bbc.com/news/world-asia-29965849

Davis Polk and Latham buckle up for $1bn Virgin America IPO | News | The Lawyer

http://www.thelawyer.com/news/practice-areas/corporate-news/davis-polk-and-latham-buckle-up-for-1bn-virgin-america-ipo/3028064.article

Wednesday, November 5, 2014

KSA alert to danger of ‘digital drugs’ | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.

http://www.arabnews.com/featured/news/654301

This really reflects how the KSA's policies are retarded and need moderate change and serious reconsideration. KSA has become a country full of contradictions as a result of such policies, which will soon result in a total collapse of the system like we saw in other Arab spring, to which the government respond by flowing money and use of force which will never solve the radical thinking and mental retardation of KSA policies. Women freedom are also very compromised, which we strongly condemn, to date they still don't have the right to drive cars, what a shame on the government policies.

Egypt Corporate Lawyers: Human Rights Watch calls for Egypt's leaders to be...

Egypt Corporate Lawyers: Human Rights Watch calls for Egypt's leaders to be...: http://www.telegraph.co.uk/news/worldnews/africaandindianocean/egypt/11027487/Human-Rights-Watch-calls-for-Egypts-leaders-to-be-investigated...

Human Rights Watch calls for Egypt's leaders to be investigated over deaths of hundreds of protesters - Telegraph

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/egypt/11027487/Human-Rights-Watch-calls-for-Egypts-leaders-to-be-investigated-over-deaths-of-hundreds-of-protesters.html

Egypt Corporate Lawyers: Switzerland shooting leaves three dead near Interl...

Egypt Corporate Lawyers: Switzerland shooting leaves three dead near Interl...: http://www.telegraph.co.uk/news/worldnews/europe/switzerland/11204808/Switzerland-shooting-leaves-three-dead-near-Interlaken.html

Switzerland shooting leaves three dead near Interlaken - Telegraph

http://www.telegraph.co.uk/news/worldnews/europe/switzerland/11204808/Switzerland-shooting-leaves-three-dead-near-Interlaken.html