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Egypt’s show of support to Sudan by sending medical aid in military airplanes is the leading story in state-owned Al Ahram this morning, while Al Akhbar focuses on updates from Finance Minister Mohamed Maait on Egypt’s fiscal performance. We have chapter and verse on the latter in this morning’s Speed Round, above.
Author Archives: enterpriseam admin
Posted inWorth watching
The Egyptian king of clutter
There’s apparently something very Egyptian about hoarding useless clutter, or “karakib.” Most of us know someone who just can’t seem to let go of their karakib (or are that someone), but none outdo Hussein, an Egyptian journalist featured in a documentary by a television broadcaster based in Qatar. Hussein, who boasts a collection of 200 […]
Posted inEnergy
Cabinet approves first phase of 1 GW Eni solar plant
Cabinet has approved the first 200 MW phase of Eni’s planned 1 GW solar plant, paving the way for the Electricity Ministry to start negotiating energy prices with the Italian company, sources at the Egyptian Electricity Transmission Company (EETC) told the domestic press. The cabinet and the EETC are reportedly open to maintaining a sale […]
Posted inEnergy
Egypt’s gas consumption to increase to 7.3bn bcf/day in FY2010/21
Egypt’s gas consumption will increase to 7.3 bcf/d in FY2020-2021, a source at the Egyptian Natural Gas Holding Company (EGAS) told the domestic press. Connecting wells at the Zohr and North Alexandria fields to the national grid will support the growing market need, which will rise from a projected 6.5 bcf/d in FY2019-2020.
Posted inTourism
Egypt signs tourism promotion agreement with CNN
Tourism Minister Rania Al Mashat signed yesterday a partnership agreement with CNN to launch a tourism promotion campaign for Egypt, Al Shorouk reports. The promotion strategy will zero in on specific destinations in Egypt, such as Aswan, Luxor, Sharm El Sheikh, and Marsa Alam, in addition to giving special focus to the Grand Egyptian Museum, […]
Posted inAutomotive + Transportation
Transport ministry talks potential maintenance contract with Bombardier
Transport Minister Kamel El Wazir met yesterday with a delegation from Bombardier to look into potentially contracting the Canadian company to maintain and repair Egypt’s locomotives, according to a ministry statement.
Posted inON YOUR WAY OUT
Streaming app for Ramadan TV shows launched in Egypt
Egyptian Media Company has entered the TV streaming space with the launch of its new app, Watch iT, according to Arab News. The app will feature 15 Ramadan television series or mosalsalat, which will not be posted to YouTube as was previously customary. Monthly subscription fees have been set at EGP 99, while a full […]
Posted inON YOUR WAY OUT
Starbucks opens new branch in Westeros
Starbucks opens new branch in Westeros: Unless you’re swordsmith or a horse breeder, most companies wouldn’t consider trying for product placement in the medieval universe of Game of Thrones. Starbucks managed the impossible in Sunday’s episode though, when a coffee cup appeared by mistake in front of one of the series’ main characters. Cue a […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 17.10 | Sell 17.20 EGP / USD at CIB: Buy 17.08 | Sell 17.18 EGP / USD at NBE: Buy 17.10 | Sell 17.20 EGX30 (Tuesday): 14,390 (+1.3%) Turnover: EGP 461 mn (45% below the 90-day average) EGX 30 year-to-date: +10.4%S THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. May: An IMF delegation will be in town to conduct its final review of the reform program ahead of the disbursement of the sixth and final tranche of Egypt’s USD 12 bn IMF loan. 14 May (Tuesday): Egyptian Private Equity […]