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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 inEGYPT IN THE NEWS
Egypt in the News on 18 August 2019
Topping coverage of Egypt in the foreign press this morning: A 13-year-old boyhas released a video publicly asking for President Donald Trump to help secure the release of his mother, a dual US-Egyptian national detained last month upon arrival in Egypt for a visit, CNN reports. Other headlines worth a moment of your time: Activists […]
Posted inWorth reading
New research exposes the ideologies of economists
New research exposes the ideologies of economists: Suggesting that economics is anything other than a rigorously objective and deeply scientific discipline can generate quite the controversy among economists. Even after the failure to predict the 2008 financial crisis — for which neoclassical economics was criticized for being too hierarchical, prescribed, and dismissive of alternate perspectives […]
Posted inWorth watching
Human history is pretty vast. A visual reminder
A visual reminder of the (rather vast) human history, and Egypt’s early starring role: This video shared by Visual Capitalist (watch, runtime: 19:07) gives a neat overview of human history and civilization from the first appearance of modern humans in around 200,000 BCE. Although the first signs of early civilization in 67,000 BCE were in […]
Posted inDiplomacy + Foreign Trade
Egypt restricts Russian agricultural imports following nuclear incident
Egypt tightens controls of Russian agricultural imports following nuclear incident: Egypt will tighten controls of imports of agricultural goods from Russia following last week’s nuclear incident, head of the National Food Safety Authority (NFSA) Hussein Mansour told Al Masry Al Youm. The measure is being taken due to concerns over the possible radioactive contamination of […]
Posted inEnergy
NREA to hike electricity tariffs to EETC by 14.5% to EGP 0.55 per kWh
The New and Renewable Energy Authority (NREA) will begin selling electricity from its plants to the Egyptian Electricity Transmission Company (EETC) at EGP 0.55 per kWh, up 14.5% from EGP 0.48 per kWh, sources from the ministry told the press. The increase, which is the second after the price was hiked from EGP 0.34 per […]
Posted inInfrastructure
Egypt plans to expand household natural gas supply network by 950 km
The government is planning to expand Egypt’s natural gas supply network into the households by 950 km by the end of 2023, Oil Minister Tarek El Molla said, according to Mubasher. This would bring the length of the network to 8750 km. El Molla did not mention the expected cost of the expansion, nor the […]
Posted inBasic Materials + Commodities
Eastern Tobacco raises prices of some products
Eastern Tobacco raised the prices of its Mundial and Black Label cigarettes by EGP 1, the company said in a bourse filing (pdf). Mundial cigarettes now cost EGP 17.5 per pack and Black Label costs EGP 23 per pack. The increase is due to VAT, the company said.
Posted inBanking + Finance
Banque Misr awarded investment banking license
The Financial Regulatory Authority (FRA) awarded Banque Misr an investment banking license, FRA Chairman Mohamed Omran told Middle East News Agency (MENA). The license was awarded without Banque Misr needing to establish a new company.