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The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt, the Investment and International Cooperation Ministry said in a statement. Egypt agreed on the loan with the World Bank during the IMF and World Bank Spring Meetings earlier this month. The funding includes “USD 145 […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Elakhdar joins Intro Group as MD
EXCLUSIVE: MOVES- Elakhdar joins Intro Group as MD: Intro Group, the private Egyptian conglomerate with holdings including oil and gas driller Ades Investment, exploration and production company NPC, real estate developer M2 Developments, and bakery chain TBS, has announced that Mohamed Elakhdar has joined as managing director for the Group. Elakhdar was previously MD at […]
Posted inSpeed Round
Egyptian Refining Company USD 4 bn facility to come online in June
Qalaa’s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June, running at 60% capacity and ramping up to full production by September, Qalaa Holdings Chairman Ahmed Heikal told Al Masry Al Youm. Qalaa, the company leading the project, successfully completed trial runs for the CCR and VDU units of ERC last […]
Posted inSpeed Round
CORRECTION- Egypt’s delegation to the UN Financing for Development Forum in New York was led by Nada Massoud, economic advisor to Planning Minister Hala El Said. The delegation discussed sustainable development policies and put the spotlight on the Benban solar park in Aswan, among other issues. We regret the error and have since corrected the […]
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt in the news on 21 April 2019
The foreign press was squarely focused over the weekend on the referendum on proposed constitutional amendments. The Wall Street Journal, the AP, Reuters, and the Washington Post shone the spotlight on opposition to the amendments, with the WaPo running with an opinion piece from Cairo Institute for Human Rights Studies Director Bahey Eldin Hassan. The […]
Posted inON THE FRONT PAGES
Crowds of Egyptians begin voting on the first day of the referendum
Crowds began voting on the first day of the referendum on the proposed constitutional amendments, all three government-owned dailies say this morning (Al Ahram | Al Gomhuria | Al Akhbar).
Posted inWorth reading
Can artificial intelligence really write as eloquently as humans?
Can AI really write as eloquently as humans? (Read: Is everyone here at Enterprise that replaceable?) Engineers have managed to program artificial intelligence to produce written works that are difficult to discern from human-produced pieces, Marcus du Sautoy writes for the Financial Times. One woman from the University of Oxford’s Mathematical Institute actually programmed a […]
Posted inDiplomacy + Foreign Trade
White House denies it wants Egypt to cede part of Sinai to Palestine
The Trump administration has denied it intends to carve out a chunk of Sinai to create a “new Palestinian state” as part of its new peace plan for the region. US Middle East special envoy Jason Greenblatt said in a tweet the reports were made up by “people who don’t know what’s in the plan.” […]
Posted inDiplomacy + Foreign Trade
Saudi lifts ban on Egyptian onions
Saudi lifts ban on Egyptian onions: Saudi Arabian authorities have lifted their temporary ban imposed on Egyptian onion imports last January, an Agriculture Ministry official told Al Shorouk. An Egyptian delegation presented evidence to the Saudi government proving that Egyptian onions do not contain harmful amounts of residual pesticides.