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LEGISLATION WATCH- Mineral Resources Act gets committee-level approval at House: Committees at the House of Representatives have given a preliminary nod of approval to the bill that would create a new Mineral Resources Act, according to reports in the domestic press. The long-awaited changes were approved by the Madbouly Cabinet last month. The amendments are […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings watch: Cleopatra Hospitals reports 1Q2019 profits
Cleopatra Hospitals Group reported a 4% y-o-y dip in 1Q2019 net profits to EGP 55.1 mn compared to EGP 57.2 mn a year earlier, the company said in its earnings statement (pdf). Revenues rose 20% y-o-y during the quarter to EGP 416 mn. Net income was impacted by an increase in impairments “primarily related to […]
Posted inSpeed Round
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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 inImage of the Day
As Ramadan 2019 draws to a close…
As we reach the final days of Ramadan 2019, hundreds of thousands of worshippers are shown gathered around the Kaaba in Mecca in this image gallery courtesy of The Independent.
Posted inEGYPT IN THE NEWS
Egypt in the News on 03 June 2019
There are tumbleweeds as far as the eye can see in the foreign press this morning, with only two articles worthy of note: AFP is running an interview with political activist Alaa Abdel Fattah on his time in prison and his conditional freedom. Lina Mowafy — curator, artist, and founder of the Arts-Mart gallery — […]
Posted inON THE FRONT PAGES
El Sisi’s Laylat Al Qadr speech top all three of Egypt’s state-owned dailies
President Abdel Fattah El Sisi’s national speech to celebrate Laylat Al Qadr (Night of Decree), which usually falls on either of the last odd-numbered days of Ramadan, topped the front pages of all three government dailies this morning (Al Ahram | Al Akhbar | Al Gomhuria).
Posted inWorth reading
Big business is not the big bad wolf
Big business is not the big bad wolf: Big business is catching heavy flak as of late over misconceptions it gives rise to morally bankrupt entities that only serve their own interests, economist Tyler Cowen says in his latest book, ‘Big Business: A Love Letter to an American Anti-Hero.’ “First, business makes most of the […]
Posted inWorth watching
Tour the Giza Plateau from 4,600 years ago
Tour the Giza Plateau from 4,600 years ago: A virtual video produced by Harvard University’s Digital Giza Project lets you visualize the Giza Plateau, burial place of ancient Egyptian rulers from the 4th Dynasty, and see what it could have looked like 4,600 years ago (watch, runtime: 03:05). You can take a mini-tour to see […]
Posted inEnergy
Cabinet to decide on Siemens Gamesa’s wind energy plant offer
The Electricity Ministry has reached a power purchase agreement with Siemens Gamesa over its planned EUR 2 bn, 2 GW wind power plant, and is now waiting on cabinet approval for the company to begin work, local press reported. Siemens will build the plant under a build-own-operate (BOO) scheme and will sell electricity at USD […]