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It’s another mixed morning in the international press, with no single story grabbing the attention of foreign journos. Among the headlines: The National takes a look at the soaring cost of living and how some Egyptians are finding it hard to make ends meet. The New York Times takes a tour of South Sinai’s overlooked […]
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
Rameda obtains exclusive rights to sell Physiomer nasal spray in Egypt
EGX- #1- Watania Kuwatia could make its EGX debut as soon as January: Local agriculture player Watania Kuwatia is planning on making its market debut during 1Q 2023, Chairman Mohamed El Gammal reportedly told Al Borsa. The company recently raised its capital from EGP 250 mn to 300 mn via a private subscription of shares, […]
Posted inPLANET FINANCE
The Bank of Japan just shocked global markets
Global markets were shaken yesterday after the Bank of Japan announced (pdf) a surprise loosening of its “yield curve control” policy, triggering sell offs in the global bond and equity markets and sending the JPY soaring more than 4% against the greenback, the Financial Times reports. What happened? The central bank said it will allow […]
Posted inDiplomacy
Egypt rejects foreign interference in Iraq, El Sisi tells Middle East summit
El Sisi attends Iraq-focused Middle East summit in Amman: President Abdel Fattah El Sisi was in Jordan yesterday to attend a summit organized by France to provide international support to Iraq. “Egypt affirms its rejection of any external interventions in Iraq's affairs and reiterates the importance of continuing joint efforts to enhance the capacity of […]
Posted inAROUND THE WORLD
Tunisia to hold parliamentary runoff ballot next year following dismal turnout
Tunisia will hold a runoff vote for seats in its legislative assembly in February 2023, after a vast majority of seats (131 out of 161) remained undecided following Saturday’s elections, Bloomberg reports. Almost 90% of eligible voters refused to cast ballots in the vote, triggering fresh calls by opposition groups for the resignation of President […]
Posted inCALENDAR
DECEMBER 19-20 December (Monday-Tuesday): The Arab Administrative Development Organization’sconference on Modern Methods in Hospital Management, Cairo. 20 December (Tuesday): EGX-listed Pachin will brief shareholders on offers received to acquire the company in an ordinary general assembly. 22 December (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 25 December (Sunday): Senate back in session. 31 […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: Abu Dhabi Ports, Qatar’s Mwani are in talks over our ports, El Wazir confirms + The Bank of Japan just took a hawkish turn
Good afternoon, wonderful people. It’s a busy hump day here in Omm El Donia and elsewhere as we push through the middle of the workweek. THE BIG STORY TODAY El Wazir confirms Abu Dhabi Ports + Qatar’s Mwani have their eyes on Egypt: The government is currently in early-stage negotiations with Abu Dhabi Ports and […]
Posted inFOR YOUR COMMUTE
There is now AI that can write full — and relatively good — essays for you + A friendly reminder that Spotify Wrapped is an example of massive data surveillance
A new AI tool claims it can write essays for you: An artificial intelligence tool developed by US-based OpenAI, ChatGPT, is taking the internet by storm, with users reporting it could answer questions and write essays if given a prompt. A manager of a consulting firm was able to generate lecture notes using the tool, […]