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** 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 […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
Emerging economies face uncertainty as we enter the age of automation
Robots and AI will eat jobs in emerging markets: Emerging countries are the most vulnerable to job losses caused by the increasing role of automation, artificial intelligence, and robots in the economy, OECD research has found. All 11 emerging markets included in the OECD’s analysis are among the 17 countries which will be most affected […]
Posted inImage of the Day
A cramped shop selling fawanees screams “Ramadan in Egypt”
If this doesn’t scream “Ramadan in Egypt,” we don’t know what does. A cramped shop lined with Ramadan fawanees (lanterns), captured by Salma Hany, is a familiar scene in Egypt, where thousands of the colorful lanterns are sold throughout the month.
Posted inEGYPT IN THE NEWS
Foreign coverage of Egypt centers on ancient cemetery discovery
The foreign press remains occupied this morning with the discovery of an ancient burial site near the Giza pyramids, blessing us with an otherwise quiet day. Other headlines worth noting in brief include: Egypt and Israel’s policy goals in Gaza are directly at odds with each other, an article in Haaretz argues. Islamist Hazem Salah […]
Posted inON THE FRONT PAGES
El Sisi’s inauguration of tunnels crossing the Suez Canal tops gov’t press
President Abdel Fattah El Sisi’s inauguration of tunnels running underneath the Suez Canal topped the front pages of the government-owned dailies this morning (Al Ahram | Al Gomhuria | Al Akhbar).
Posted inWORTH A LISTEN
Emerging Markets: Where will they go from here?
Emerging markets: Where will they go from here? After all the gloom of last year’s emerging market zombie apocalypse, this Goldman Sachs podcast offers a rosier outlook for the months ahead (listen, runtime: 18:35). The challenges of 2018 came on the back of four main issues, GS says: Tightening global financial conditions, a rise in […]
Posted inBasic Materials + Commodities
El Molla signs licensing agreement with Phosphate Misr
Oil Minister Tarek El Molla signed a licensing agreement yesterday with Phosphate Misr authorizing the exclusive extraction of raw phosphate reserves from the Abu Tartoor plateau in the Western desert, according to a ministry statement.
Posted inManufacturing
Steel rolling factories temporarily halt production
A number of steel rolling factories have reportedly halted production due to higher production costs as a result of tariffs imposed on imported iron billets, reports Masrawy. The factories are struggling to source billets locally, as production is insufficient.
Posted inHealth + Education
Gov’t resumes receiving requests to set up int’l schools in Egypt
The Education Ministry has decided to resume receiving requests to set up international schools, or international divisions within private schools, Al Mal reports. This is a temporary reversal of a 2017 decision to stop accepting said requests.
Posted inReal Estate + Housing
NACCUD prepares to tender land for hotel development
The New Administrative Capital Company for Urban Development (NACCUD) is set to launch the first land tender for hotels in the new administrative capital next month, reports the local press. The consultants working on the new capital are currently mapping out the land availability and specifications for the planned hotels.