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Trade tensions are starting to take their toll on emerging markets: Emerging markets are beginning to feel the strain as escalating trade tensions cause global demand to weaken further, Hung Tran, non-resident senior fellow at the Atlantic Council, writes in the Financial Times. Many EM economies are dependent on exporting commodities and low-end manufacturing products […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt in the news on 23 May 2019
The news slowdown is still hitting the foreign press, leaving Egypt with scant digital ink. A few stories worth a quick read nonetheless: Ancient Egyptians were the inspiration for a certain kind of ethanolic beverage Israeli scientists are reproducing 5,000 years later, Bloomberg reports. Ramadan vibes: Communal iftars in Ramadan bring together neighborhoods and villages […]
Posted inON THE FRONT PAGES
Egypt committed to countering security threats, El Sisi starts Africa tour
Egypt’s three main state-run dailies are all giving us different headlines this morning. Al Ahram’s front page is all about Egypt fighting security threats, while Al Gomhuria highlights state efforts to support vulnerable communities and education. Al Akhbar is more concerned with diplomatic issues, highlighting President Abdel Fattah El Sisi’s planned tour of African countries, […]
Posted inWorth reading
Investment diversification may not come naturally to entrepreneurs
Entrepreneurs do a bad job at diversifying their investment portfolios: The same qualities that helped successful entrepreneurs build their businesses seem to prevent them from structuring a diversified investment portfolio, Lucy Warwick-Ching writes in the FT. The tenacity of entrepreneurs who believe in “making” their own luck through persistence and risk management in the face […]
Posted inEnergy
Egypt signs framework agreement with Cyprus, Greece power linkage
Egypt has signed a cooperation framework agreement with Cyprus and Greece for the planned power linkage project between the three countries through the Greek island of Crete, according to a Cabinet statement. The linkage will see the three countries exchange up to 2 GW of power. Feasibility studies are currently underway and could take up […]
Posted inBasic Materials + Commodities
Egypt’s food safety watchdog completes updated whitelist of 112 approved food companies
The National Food Safety Authority (NFSA) has compiled a whitelist of 112 food and dietary supplement manufacturers and suppliers under its supervision to ensure they meet food safety guidelines, authority head Hussein Mansour said, according to Al Mal. The list comprises 71 exporting food companies, including high-profile manufacturers Edita, Juhayna, Domty, Nestle, Greenland, Hero, and […]
Posted inBasic Materials + Commodities
EU lifts additional import control on Egyptian guavas
The EU has lifted additional import controls it placed on Egyptian guavas, according to an Agriculture Ministry statement. The move came at the recommendation of the European Commission, following efforts from the Egyptian government to improve the quality of produce exports.
Posted inAutomotive + Transportation
Ain Sokhna-East Africa shipping line to open October 2020
The Public Enterprises Ministry announced a new shipping line from Ain Sokhna to East Africa that would serve six unspecified countries, according to a ministry statement. The line will go into service in October 2020 and focus on transporting goods and providing logistical services for importers and exporters. The ministry is also reconsidering establishing a […]
Posted inOther Business News of Note
Telecom Egypt yet to make decision on real estate arm
Telecom Egypt is only studying setting up a real estate arm and has not made a decision yet, the company said in an EGX disclosure (pdf). CEO Adel Hamed told Youm7 earlier this week that the company has hired a firm to complete a study on the company’s land portfolio to potentially set up a […]
Posted inOther Business News of Note
Shell Egypt and EGPC sign agreements to develop human resources
Shell Egypt signed yesterday eight cooperation agreements with the Egyptian General Petroleum Corporation (EGPC) to launch an HR development program at Badr Petroleum Company, according to an Oil Ministry statement (pdf).