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It’s another quiet morning for Egypt in the pages of the foreign press: Quartz has pronounced Egypt a regional tech hub following MNT-Halan’s newfound unicorn status and Reuters profiles nationally-ranked bodybuilder, Ali El Sharkawy, who spends his mornings collecting trash to fund his career as a professional athlete. Foreign Policy has an op-ed calling for […]
Author Archives: enterpriseam admin
Posted inAlso on our Radar
A USD 10 bn Emirati tech fund could be looking at Egyptian firms
INVESTMENT- Local firms could get a piece of a new USD 10 bn Abu Dhabi tech fund: Emirati AI firm G42 is setting up a USD 10 bn tech fund — dubbed 42X Fund — to invest in tech firms in Egypt, Saudi Arabia, Singapore, Indonesia, China, and Israel, people familiar with the matter told […]
Posted inPLANET FINANCE
Bullish sentiment is returning to Wall Street
Is the US stock rally here to stay? A key indicator in the S&P 500 suggests the recent rally in US equities is likely to stay the course, the Wall Street Journal reports, citing Dow Jones Market Data. Nearly four-fifths of companies in the benchmark S&P 500 index closed above their 200-day average on Thursday […]
Posted inDiplomacy
Croatian president raises prospect of SCZone investment during talks with Madbouly
Croatia could be interested in investing in the SCZone: Prime Minister Moustafa Madbouly discussed potential Croatian investments in the Suez Canal area with the country’s president, Zoran Milanovic, during talks in Cairo yesterday, according to a statement from the Croatian president’s office. The two also discussed strengthening cooperation on tourism and energy, the statement said. […]
Posted inCALENDAR
FEBRUARY 11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities. 12 February (Sunday): The House reconvenes. 13-15 February (Monday-Wednesday): The Egypt Petroleum Show (Egyps), Egypt International Exhibition Center, Cairo. 13-15 (Monday-Wednesday): World Government Summit, Dubai. 19 February (Sunday): Senate reconvenes. 23-27 February (Thursday-Monday): Annual Business Women of Egypt’s Women for Success […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Madbouly’s privatization presser kicking off soon + China isn’t thrilled with Sleepy Joe
Good afternoon, wonderful people. It’s one of those Wednesdays that seem to be off to a slow start, but promises to pick up the pace in the next few hours. THE BIG STORY TODAY All eyes are on Madbouly’s privatization presser: The Madbouly Cabinet kicked off its weekly meeting just a few minutes ago, after […]
Posted inFOR YOUR COMMUTE
HSBC rolls out mobile wallet payment solution for Uber Egypt drivers + The 2030 World Cup host list is looking crowded
Uber riders in Egypt will stop struggling with drivers’ hatred for credit payments: Our friends at HSBC have teamed up with Uber Egypt to roll out “on-demand cashouts” for Uber drivers, according to a statement (pdf). The digital solution, named Flexpay, allows drivers outside the banking system to access their full earnings on-demand, the statement […]
Posted inENTERPRISE RECOMMENDS
An Egyptian actor’s moving portrayal of the refugee experience in Limbo
? ON THE TUBE TONIGHT-(all times CLT) Limbo is a powerful exploration of the refugee experience. The film follows a Syrian refugee who is stuck on a remote Scottish island while his asylum application is processed. It’s a moving look at the current refugee crisis around the world, showing how hard it is for people […]