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Coffee with Banque du Caire Chairman and CEO Tarek Fayed: If there’s one transaction in the reborn state privatization program to which market watchers are looking forward, it is the initial public offering of the (rebranded this week) Banque du Caire. BdC is led by Tarek Fayed as chairman and CEO, who recently sat down […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
Vulture funds eyeing Venezuela hope to score big wins from crisis
The vultures are circling around Venezuela: Hedge funds in Venezuela are looking to mimic what their peers did in Argentina in 2001 by suing the borderline insolvent government to repay its debt, Colby Smith writes for the Financial Times. Paul Singer’s Elliott Management laid down the template for gunboat debt collection when it managed to […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 17 April 2019
Everyone and their mother is talking about the constitutional amendments in the foreign press this morning. We have chapter and verse in Speed Round, above. Other stories worth a skim: Regional diplomacy: Egypt has a chance to resume its role as a major regional player through its diplomatic efforts to solve the conflict in Libya, […]
Posted inON THE FRONT PAGES
Passage of constitutional amendments tops state-owned press this morning
The House of Representatives’ approval of the proposed constitutional amendments, and a tour by President El Sisi of Mohamed Naguib military base topped the front pages of the government-owned dailies this morning (Al Ahram | Al Gomhuria | Al Akhbar). Al Gomhuria is dedicating the bottom half of its front page to a banner urging […]
Posted inWorth reading
Interviews with Fed officials give inside look into bank’s inner workings
Inside the Fed: Interview transcripts with top Federal Reserve officials and staffers released on Friday tell the story of over 50 years of operations inside the central bank, including conflicts of personality and vision, pressure and the sometimes diverging priorities of the Fed’s leaders and the White House, David Harrison writes for the Wall Street […]
Posted inWorth watching
3D printing is revolutionizing medicine
3D printing is revolutionizing medicine: Researchers at Tel Aviv University have 3D printed a heart from a patient’s own cells in a breakthrough that could revolutionize organ transplants, according to Bloomberg. The heart, about the size of a rabbit’s, is the first to be printed with ink from the patient’s own biological material, complete with […]
Posted inDiplomacy + Foreign Trade
El Sisi backs Sudanese transitional military leader
President Abdelfattah El Sisi called the head of Sudan’s transitional military council Abdelfattah Al Burhan yesterday to offer his backing, according to an Ittihadiya statement. El Sisi told Al Burhan that Egypt supports the wishes of the Sudanese people and stands ready to offer support during the transition.
Posted inDiplomacy + Foreign Trade
El Assar meets delegation from Bechtel
Minister of State for Military Production Mohamed El Assar met yesterday with Bechtel’s Stuart Jones, president of the company’s Europe and Middle East operations, according to a cabinet Statement. The meeting concluded with an agreement to allow a delegation from Bechtel to visit military factories to explore areas for potential collaboration.
Posted inDiplomacy + Foreign Trade
Irish take steps to resume live cattle export to Egypt
Resumption of Irish cattle exports to Egypt inches closer: The Irish Department of Agriculture has issued three updated health certificates for fattening, breeding, and slaughtering cattle in order to resume live cattle exports to Egypt as soon as possible, according to the Independent. Egypt and Ireland have been in talks over the issue for several […]
Posted inInfrastructure
EETC, EGEMAC sign seven contracts worth EGP 660 mn to develop electricity transmission
The Egyptian Electricity Transmission Company (EETC) and the Egyptian German Electrical Manufacturing Company (EGEMAC) have signed seven contracts worth c. EGP 660 mn to overhaul power transmission networks across the country, EETC head Sabah Mashaly said, according to Al Masry Al Youm. The contracts will see new substations worth upward of EGP 630 mn built […]