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MOVES- The Cairo Chamber of Commerce (CCC) has appointed Ibrahim El Araby as its new president and Aly Shokry and Sameh Zaki as his deputies, it said on its website. The CCC also appointed Salah El Abd as general secretary of the trustee, Sayed El Nawawi as his assistant and Ashraf El Shemy as general […]
Author Archives: enterpriseam admin
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt in the News on 05 August 2019
It’s another quiet morning for Egypt in the foreign press: The former CEO of the Nigerian Electricity Regulatory Commission is holding Egypt up as a role model for how to develop the country’s power sector. In an interview with Nigerian media, Sam Amadi says Nigeria should learn lessons from Egypt when it comes to project […]
Posted inWorth reading
Does Abraaj’s collapse signal the end of regional private equity?
Does Abraaj’s collapse signal the end of regional private equity? The “spectacular” collapse of Abraaj, seen for years as the standard-bearer for EM private equity, has left a “nuclear wasteland” in its wake, destroying investor confidence in the market and tarnishing Dubai’s reputation, Matthew Martin and Nicholas Parasie argue in Bloomberg. The Dubai Financial Services […]
Posted inWorth watching
Why is the US suddenly seeing an influx of ‘Made in Vietnam’ goods?
Why is the US suddenly seeing an influx of ‘Made in Vietnam’ goods? They’re not always Vietnamese. Vietnamese tech exports to the US increased by over 70% between May 2018 and May 2019, but many of these goods actually came from China, the Wall Street Journal says (watch, runtime: 04:27). As businesses struggle with the […]
Posted inDiplomacy + Foreign Trade
Egypt, US sign four bilateral assistance agreements for USD 59 mn
Egypt and USAID signed four assistance agreements yesterday worth a combined USD 59 mn, the US embassy said in a statement. The agreements provide support to Egypt on issues including voluntary family planning, increasing the capacity of higher education institutions, promoting inclusiveness and sustainability for micro, small, and medium-sized enterprises, and continuing to support joint […]
Posted inDiplomacy + Foreign Trade
Shoukry attends talks with Iraqi, Jordanian foreign ministers in Baghdad
Shoukry attends talks with Iraqi, Jordanian foreign ministers in Baghdad: Foreign Minister Sameh Shoukry stressed Egypt’s commitment to stability in Iraq during a visit to Baghdad for talks with the Iraqi and Jordanian foreign ministers, a ministry statement said. A statement from the Iraqi Foreign Ministry mentioned that the officials discussed reconstruction efforts in Iraq, […]
Posted inDiplomacy + Foreign Trade
El Sisi rejects foreign interference in Libya during phone call with French president Macron
El Sisi and Macron discuss Libya: President Abdel Fattah El Sisi voiced opposition to foreign interference in Libya during a phone call with French president Emmanuel Macron yesterday, according to an Ittihadiya statement. The two sides stressed the importance of stability in Libya for the whole region and discussed other issues of mutual interest.
Posted inDiplomacy + Foreign Trade
Readymade garments exports rise 4.4% y-o-y in 1H2019
Exports of readymade garments exports rose 4.4% y-o-y in 1H2019, according to a Readymade Garments Export Council report (pdf). Exports during the first six months of the year amounted to USD 802 mn, compared to USD 768 mn a year earlier. Exports to the US rose by 19% y-o-y to USD 450 mn, while exports […]
Posted inEnergy
Ib Vogt begins commercial operation of three solar plants at Benban
German solar project development companyIb Vogt has begun commercial operation of three solar power plants with a combined capacity of 166.5 MW at the Benban solar complex near Aswan, the company announced in a statement. The plants were awarded under the second round of the feed-in tariff (FiT) program, and will produce over 400k MWh […]