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Author Archives: enterpriseam admin
Keep an eye on Capricorn in February
All eyes on Capricorn next month: London-listed Capricorn Energy plans to hold a vote on its merger with Israel’s NewMed on Wednesday 1 February, the same day that shareholders will vote on a motion to overthrow the board called by activist investor Palliser Capital, according to disclosures filed to the London Stock Exchange last week […]
Are you a party to the contract? No? Then you can’t sue.
The Supreme Constitutional Court has upheld the Appeals Against State Contracts Act, rejecting a case that sought to have the act thrown out as unconstitutional, according to Al Shorouk. About the Act: The Appeals Against State Contracts Act prohibits third-party lawsuits against individual contracts with the state. That means that only those parties involved in […]
Of warehouse raids, wheat prices, and shop licensing laws
It was a mixed bag on the talk shows over the weekend: Commodities was something of a theme as the pundits took a look at what went down at one of ecommerce startup MaxAB’s warehouses over the weekend, as well as getting into the nitty gritty of newly implemented shop licensing laws and an expected […]
Archaeologists unearth ancient tomb in Luxor
A new ancient discovery in Luxor: An Egyptian-British archaeological mission discovered a royal tomb in Luxor dating to the 18th Pharaonic Dynasty, according to a Tourism Ministry statement. Deutsche Welle, Agence France Presse, and the Associated Press all have coverage. Also making headlines: Natural gas exports are on the rise: “Egypt ramped up LNG exports […]
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Why slowing inflation in the US of A may be good news for EM debt — and for Egypt
US consumer prices fall for the first time since May 2020: US inflation slowed to its lowest level in a year in December, in the latest sign that a surge in prices that has forced the Federal Reserve to aggressively raise interest rates is abating. The consumer price index fell to 6.5% last month from […]
Shoukry in Riyadh + Italian investment incoming?
Shoukry in Riyadh for talks: Foreign Minister Sameh Shoukry discussed a number of regional crises with his Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh last week, according to a joint communique. The two ministers discussed the Grand Ethiopian Renaissance Dam, as well as developments in Palestine, Sudan and Yemen, among other issues. […]