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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 inTHE MACRO PICTURE
Monetary easing won’t solve the world’s trade problems -IMF
Monetary easing won’t solve the world’s trade problems -IMF: The global trend towards monetary easing risks harming trading partners and aggravating existing trade tensions, the IMF has said. Senior IMF economists Gita Gopinath, Gustavo Adler, and Luis Cubeddu write that, although easing can increase domestic demand for foreign goods, it also weakens the exchange rate, […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 22 August 2019
This morning in the foreign press: Egypt will be faced with multiple economic and environment challenges — some obvious, others unexpected — if global temperatures continue to rise, Afshin Molavi, senior fellow at the Foreign Policy Institute at Johns Hopkins University, writes in Arab News. Egyptian farmers are already facing the triple threats of declining […]
Posted inWorth reading
Why isn’t Egypt’s economic growth translating into lower poverty rates?
Why isn’t Egypt’s economic growth translating into lower poverty rates? Despite growth spiking over the past several years and Egypt remaining one of the Middle East’s fastest-growing economies, the country’s poverty rate has also risen. Although it might be easy to blame the IMF-backed austerity program for this trend, the two indicators that offer real […]
Posted inEnergy
Electricity Ministry to offer 200 MWs solar plants in Benban in tender
The National Renewable Energy Authority is planning to tender solar power plants with a combined capacity of 200 MW in the Benban solar facility in Aswan, Electricity Ministry officials told Al Mal. The projects will require around EGP 3 bn of investments.
Posted inReal Estate + Housing
NACCUD to offer land plots for high-rises
The New Administrative Capital Company for Urban Development (NACCUD) is preparing to offer land plots for developers to build up to 50-storey high-rises by the end of the year, government officials told the local press. The company has yet to decide on the number of plots it will sell.
Posted inReal Estate + Housing
Scope Real Estate plans a residential project in the new capital with a saudi partner
Property developer Scope Real Estate is planning a residential project in the new administrative capital in partnership with an unnamed Saudi developer in 2020, Chairman Mohamed Ghobashy told Al Mal. Ghobashy did not provide further details on the expected investment value of the project.
Posted inAutomotive + Transportation
Careem launches in Matrouh and Qena, part of Egypt expansion plan
Ride-hailing app Careem has launched operations in Marsa Matrouh and Qena as part of an expansion plan to bring its services to governorates across Egypt, according to a statement seen by Masrawy. The move to Matrouh is meant to coincide with the summer season to take advantage of the large number of holidaymakers in the […]
Posted inOther Business News of Note
Harris Pye to contribute multi-tubular boilers to Minya Canal Sugar project
Harris Pye Engineering Group UAE has inked an agreement to supply five multi-tubular smoke tube boilers to the Canal Sugar project in Minya, MEP Middle East reports. The project is expected to be one of the largest beet sugar production facilities in the world, closing Egypt’s sugar production gap by 75%, providing supplies worth USD […]