The Almost-Ever-Given-Again catches the imagination of the int’l press: The top-trending topic in the global press this morning remains the cargo vessel that briefly ran aground in the Suez Canal yesterday before it was refloated. Cue flashbacks to when the 400-meter Ever Given ran aground in 2021, blocking the vital global shipping lane and disrupting […]
Author Archives: enterpriseam admin
** 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 […]
Food was pricier than ever in 2022 + Goldman bankers to get the boot this week
World food prices hit an all-time high in 2022: Supply chain havoc that began during the pandemic and went into overdrive following the outbreak of war in Ukraine helped stoke food prices to an all-time high last year. The UN Food and Agriculture Organisation’s (FAO) food price index averaged 143.7 points in 2022, up 14.3% […]
Somali visit brings bilateral agreements on culture, education
Somali delegation signs MoUs with gov’t: Somali and Egyptian authorities signed MoUs paving the way for closer cooperation and bilateral exchanges in media, culture, religion, and higher education following a roundtable discussion in Cairo yesterday, according to separate cabinet statements (here, here, and here.) Somali Prime Minister Hamza Abdi Barre expressed interest to Prime Minister […]
JANUARY January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time. January: Fuel pricing committee meets to decide quarterly fuel prices. January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power. January: Global Auto to restart BMW assembly in Egypt. 16-20 January (Monday-Friday): Davos 2023. 24 January-6 February: Cairo […]
THIS EVENING: Madbouly instructs ministries to cut down on spending + Cargo vessel briefly stalls in the Suez Canal
Good afternoon, wonderful people. We’re quickly getting back in the swing of things after back-to-back long weekends and the news cycle is picking right up. THE BIG STORY TODAY Cabinet announces budget cutbacks to tamp down on spending: Prime Minister Moustafa Madbouly has issued a directive to all ministries, with the exception of a few […]
Get yourself a funky job title + Are we ever going to say goodbye to supply chain snarls?
Fitness fanatics are taking their workouts to the next level with whole-body electrical muscle stimulation suits: The leotard-like EMS suit is meant to work the muscles in much less time than a regular workout through direct skin contact, with some supporters saying the suits can yield the same results in a much shorter time per […]
Shark Tank Egypt gets off to an exciting start
? ON THE TUBE TONIGHT- (all times CLT) The series premiere of Egypt’s version of Shark Tank kicked off with a bang with two startups giving up significant stakes in their companies in exchange for funding. The local version of the hit TV show showcases entrepreneurs pitching their projects and products to a panel of […]