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It’s a quiet start to the week in the foreign press: In one of the only Egypt-related stories on the web this morning, the New York Times reports that a Paris appeals court has upheld charges of complicity brought against the former head of the Louvre, Jean-Luc Martinez, for allegedly trafficking Egyptian artifacts. Martinez was […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inAlso on our Radar
Suez Canal receives record monthly revenues
SUEZ CANAL- Another record-breaking month for Suez Canal revenues: Suez Canal revenues grew 47% y-o-y in January to an all-time monthly high of USD 802 mn, according to a Suez Canal Authority (SCA) statement. Some 2.15k vessels transited the canal last month, up 21.5% y-o-y, according to the figures. The authority is targeting record revenues […]
Posted inPLANET FINANCE
Markets fall as strong US jobs data raises expectations for more rate hikes
US job growth signals further Fed rate tightening ahead: Interest-rate futures traders priced in further rate 25 bps hikes in March and May in light of strong jobs figures in January, Reuters reports. The US job market grew sharply last month with the addition of more than 500k jobs prompting a drop in the unemployment […]
Posted inDiplomacy
Egypt, Hungary sign agreements during talks in Budapest
More cooperation with Hungary: Egypt and Hungary signed several agreements to forge closer economic ties at the first meeting in four years of a joint economic committee in Budapest last week, the International Cooperation Ministry said in a statement Friday. The two countries signed MoUs to exchange experiences in international cooperation, development financing, and social […]
Posted inAROUND THE WORLD
Sudan, Israel inch closer to a US-backed peace agreement
Sudan + Israel finalize normalization agreement: Israeli Foreign Minister Eli Cohen met with de facto leader Gen. Abdel Fattah Al Burhan in Sudan last week to finalize the agreement normalizing diplomatic relations between the two countries, the Israeli Foreign Ministry said Thursday. The signing of the agreement is set to take place in Washington later […]
Posted inCALENDAR
FEBRUARY 26 January-6 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center. 5 February (Sunday): The Senate reconvenes. 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. 23-27 February (Thursday-Monday): Annual […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Private sector activity remains in contraction territory again in January + Former PM Sherif Ismail laid to rest
Good afternoon, wonderful people. We have a relatively brisk start to this first full work week of February, with a little bit of everything happening. THE BIG STORY TODAY Private sector starts the year with sharper contraction: Activity in Egypt’s non-oil private sector contracted at a quicker pace in January, according to S&P Global’s purchasing […]
Posted inFOR YOUR COMMUTE
Naguib Sawiris is back among the 500 wealthiest b’naires in the world +
Naguib Sawiris moves up the list of 500 wealthiest b’naires: After briefly dropping off theBloomberg B’naires Index in 2021, Egyptian tycoonNaguib Sawiris made his comeback on the list in 2022, and is currently ranked at 472 on the daily ranking of the world’s 500 richest people. Naguib’s estimated total net worth is currently at USD […]