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El Sisi in New York, Friday protests on Egypt’s airwaves
President Abdel Fattah El-Sisi's arrival in New York for the UN General Assembly high-level meetings was at the top of all the talking heads’ agendas last night. El Sisi’s speech at the UNGA will focus on counterterrorism and combating extremism, Masaa DMC's Eman El Hosary said (watch, runtime: 1:49). The president is also expected to […]
Enterprise Poll: Central Bank of Egypt could cut interest rates again this week
SURVEY- The Central Bank of Egypt (CBE) could cut benchmark interest rates by 50-150 bps when its Monetary Policy Committee (MPC) meets this Thursday, according to seven of eight economists polled by Enterprise. The economists cited the unexpected inflation rate in August, which dropped to the lowest level in six-and-a-half years, as being the primary […]
Egypt could move ahead with stake sales in less than two weeks
EXCLUSIVE- Gov’t could move ahead with stake sales within two weeks: Abu Qir Fertilizers or Alexandria Container and Cargo Handling (ACCH) could offer stakes as part of the privatization program within two weeks’ time, Public Enterprises Minister Hisham Tawfik told Enterprise. The companies have completed all the necessary procedures and are ready to go to […]
Egypt signs first settlement in new export subsidy framework
Exporter sees first settlement under long-anticipated export subsidy program: The finance and trade ministries have signed a settlement agreement with Sumitomo Tires that will see the company receive overdue subsidies in less than five years as part of the government’s new export subsidy framework, the Finance Ministry said in a statement. The company is planning […]
Egypt’s Halan to launch in Ethiopia before the end of 2019
STARTUP WATCH- Halan to launch in Ethiopia this year: Cairo-based tuk-tuk and motorcycle ride-hailing startup Halan plans to begin operations in Ethiopia before the end of 2019,CEO and founder Mounir Nakhla told Reuters. The company is set to begin operations in Adama, some 150 km away from the capital city of Addis Ababa, where it […]
Egypt jumps nine places in WEF’s tourism competitiveness index
Egypt climbs nine places in WEF tourism competitiveness index: Egypt jumped nine places to rank 65 in the World Economic Forum’s 2019 Travel and Tourism Competitiveness Index (pdf). Egypt’s rise from the 74th spot last year comes amid improved promotion and marketing efforts, making it the most improved country in the MENA region. The country […]
Ethiopia rejects Egypt’s GERD proposal
Ethiopia rejects Egypt’s GERD proposal: Ethiopia’s Foreign Ministry has dismissed Egypt’s proposal for the Grand Ethiopian Renaissance Dam as “disrespectful” and one that “puts Ethiopia’s sovereignty under question,” according to the Ethiopian News Agency. Ministry spokesperson Nebiyat Getachew also said at a presser on Friday that the proposal would “complicate” the filling of the dam. […]
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A sobering reminder of why the global climate change protests are taking place
A sobering reminder of why people around the world are protesting climate change: In 1900, the burning of fossil fuels produced some 2 bn tonnes of carbon dioxide. Now, they count for almost 20 times that amount, this chart from the Economist shows. Add to this the accessibility of other resources, the ability to manufacture […]