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Author Archives: enterpriseam admin
We’re getting more money from JICA for Cairo Metro Line 4
Egypt inks agreement with JICA for second tranche of Cairo Metro loan: The Japanese International Cooperation Agency (JICA) signed an agreement with International Cooperation Minister Rania Al Mashat and Transport Minister Kamel El Wazir to disburse the second USD 301 mn tranche of its USD 1.2 bn loan to finance construction of the first phase […]
Market volatility in 2022 saw big chances open up for our energy sector
2022 sent the energy markets on a wild ride: The outbreak of war in Ukraine sent energy to the front pages of the global press this year. Europe’s loss of Russian fossil fuels helped drive up inflation and raised thorny questions over how to ensure energy security in an increasingly uncertain world. Meanwhile, the ongoing […]
Turbulence yes, slowdown no
Despite a turbulent year, Egypt’s startup investment numbers still look quite good: While the startup world has been busy dealing with the VC squeeze, Egyptian startups broke yet another funding record. But this time around, the numbers were accompanied by news of layoffs, meltdowns and consolidation, as we previously wrote. We take a look at […]
Diplomacy in 2022: Warmer ties and a standout success story
For our foreign policy, 2022 was the year of continuing to mend fences — all while taking center stage globally with one of the biggest international events: Egypt’s foreign policy in 2022 continued to play out on largely the same notes as it did in 2021. We continued to patch up our relations with Qatar […]
Last Night’s Talk Shows: The customs police are watching
Imports led the talk shows last night for the second night running, this time centered around the Customs Authority’s decision to crack down on violators who fail to disclose the true value of their imported goods. The authority yesterday said that importers caught fabricating documentation and submitting invoices of less than USD 2k — which […]
The economic crisis is still topic du jour in the international press
It’s still all about the economy this morning in the foreign press: Reuters looks at the recent volatility in the local gold market, which has recently seen the precious metal soar to record highs following the devaluation of the EGP at the end of October. Meanwhile, the National writes that the soaring cost of living […]
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