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US President Donald Trump has accused Iran of Saturday’s attacks on Saudi Arabia’s Abqaiq oil facility, which have disrupted production of 5.7 mn barrels of oil a day, or roughly 5% of global supply. Accusing Iran of lyingin a tweet, he reiterated his support for Saudi Arabia, and hinted that he is ready to escalate […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt officially welcomes 10 new ambassadors
MOVES- President Abdel Fattah El Sisi received yesterday the credentials of 10 new ambassadors to Egypt, according to an Ittihadiya statement. The ambassadors are: Yevhen Mykytenko, Ukraine; Winfred Nii Okai Hammond, Ghana; Timothée Ezouan, Côte d'Ivoire; Liao Liqiang, China; Cyrill Nunn, Germany; Miko Haljas, Estonia; Lene Natasha Lind, Norway; Sidik Spahić, Bosnia and Herzegovina; Nikolas […]
Posted inUncategorized
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Posted inImage of the Day
A snapshot of the global economic landscape
The perfect snapshot of the USD 86 tn global economic landscape in 2018: We know, it’s data from last year, but this chart from HowMuch.net, shared by Visual Capitalist, is exactly what is right about infographics and visually mapping out something as complex as a USD 86 tn global GDP. Based on World Bank data […]
Posted inEGYPT IN THE NEWS
Egypt’s Mineral Resources Act gets thumbs up from investors
Egypt’s recently-ratified Mineral Resources Act is drawing praise from investors and economists, who believe it will increase investment in mineral exploration and extraction, boosting the national economy, Al Monitor reports. The law has introduced new incentives for companies to invest in the mineral wealth sector, in the hope of attracting some USD 700 mn in […]
Posted inEGYPT IN THE NEWS
Our tuk tuk woes have made it to the foreign press
Our tuk tuk woes have made it to the foreign press, with Xinhua reporting on the threatened livelihood of tuk tuk drivers who worry they won’t be able to afford the switch to a minivan. New tuk-tuks cost around EGP 34,000, while minivans start at EGP 90,000. Drivers are being asked to take up soft […]
Posted inWorth watching
Could the new ‘scramble for Africa’ benefit Africans above all?
Could the new “scramble for Africa” benefit Africans above all? The latest rush by non-African countries to find avenues for trade and investment on the continent is, the Economist argues, a chance to put Africans in the driving seat (watch, runtime: 04:10). Greater openness, fewer wars, and better macroeconomic policies have all seen Africa as […]
Posted inDiplomacy + Foreign Trade
Egypt, Italy sign MoU to cooperate in internal trade
Egypt, Italy sign MoU to cooperate in internal trade: Egypt and Italy have signed an MoU that will see both countries cooperate on training and investment in domestic trade, the Supply Ministry said in a statement. Several Italian companies have expressed interest in setting up retail chains and logistics centers in Egypt, Minister Ali El […]
Posted inDiplomacy + Foreign Trade
Egypt set to export garlic, grapes, and citrus to Brazil soon
Egypt could be exporting garlic, grapes, and citrus fruits to Brazil soon, after Brazilian Agriculture Minister Tereza Cristina greenlit imports of Egyptian grapes and garlic, according to an Agriculture Ministry statement. Cristina was in town earlier this week to look into an Egyptian government decision to limit the acceptance of halal meat certificates from Latin […]
Posted inEnergy
AfDB’s investments in Egypt’s energy sector reach USD 1.7 bn
The African Development Bank (AfDB) has built a portfolio of up to USD 1.7 bn in Egypt’s energy sector since 2007, the bank’s director for energy financial solutions, policy, and regulation Wale Shonibare said, according to Al Shorouk. Speaking at a conference organized by the Egyptian Junior Business Association on the bank’s role in supporting […]