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EXCLUSIVE- Cigarette prices could rise in October on the back of a sin tax increase: The prices of cigarettes may climb in October after a Finance Ministry committee finalized a draft proposal which would raise the ceiling on the taxable price brackets and tack on an additional EGP 0.5 to the tax rate on the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Turkey to continue drilling for gas off Cyprus until Greek Cypriots accept Turkish-Cypriot cooperation proposal
Eastern Mediterranean drama over gas exploration continues: Turkey will continue its gas drilling in waters off Cyprus until the Greek Cypriots accept a cooperation proposal from Turkish Cypriots, Turkish Foreign Minister Mevlut Cavusoglu has been quoted as saying. Turkish Cypriots had proposed that the two sides work together to explore gas, arguing cooperation would help […]
Posted inSpeed Round
Egyptian education startup COLNN secures USD 100k seed round from EdVentures
STARTUP WATCH- Education solutions startup COLNN secures USD 100k seed round: Egyptian education solutions startup COLNN has secured USD 100k in seed funding from education-focused venture capital firm EdVentures, according to an emailed statement (pdf). COLNN provides services such as an “integrated mobile app” that connects students, teachers, and parents through one interface. “COLNN helps […]
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in people with writing plus either audio or video skills. Interested? Send your CV along with 2-3 writing samples and a solid cover […]
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
Does currency devaluation actually increase exports in emerging markets?
Currency devaluation increases exports, right? Not always. The depreciation of emerging-market currencies may actually result in falling exports, research by the Bank of International Settlements (BIS) and the FT suggests. Conventional wisdom tells us that a weakening currency makes exporters more competitive in the international market, causing an increase in orders and boosting economic output. […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 15 July 2019
It is a blessedly slow morning for Egypt in the foreign press. The reopening of two of the country’s oldest pyramids after more than 50 years, which we took note of yesterday, is by and large the only story getting digital ink: AP | AFP | Daily Mail | ITV.
Posted inON THE FRONT PAGES
El Sisi’s meeting with Egypt’s cabinet economic group tops front pages
President Abdel Fattah El Sisi’s meeting with the cabinet economic group to review last fiscal year’s social and economic indicators topped the front page of Al Akhbar. We recap the story above in Last Night’s Talk Shows.
Posted inWorth reading
How Egypt’s new cities program underwent a total transformation
How Egypt’s new cities program underwent a total transformation: Egypt’s new cities program has undergone a radical shift from what was first envisaged (pdf) in the 1950s and 60s: The development of satellite cities to absorb the strain of a rapidly growing population. When the New Urban Communities Authority (NUCA) started selling increasing amounts of […]
Posted inWorth watching
Could bacteria from the sea reduce light pollution and energy consumption? This French startup is banking on it
Could bacteria from the sea reduce light pollution and energy consumption? This French startup is banking on it. Fireflies, glow-worms, and 80% of marine organisms all have the ability to produce light. Now, French startup Glowee seeks to harness this bioluminescence to change the way we light our environment, as shown in this Bloomberg video […]