** WE’RE HIRING: Inktank Communications is the region’s leading investor relations and financial communications firm. We’re growing and we're looking for executives to join our client relations and strategy team. Our ideal candidate is: Energetic and eager to learn; Passionate about corporate communications and dealing with high-profile clients; A strong believer in the power of […]
Author Archives: enterpriseam admin
** 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 […]
Why the inverted US yield curve could spell trouble for emerging markets
Why the inverted US yield curve could spell trouble for emerging markets: An inverted US yield curve could be the harbinger of hard times for emerging markets, Shuli Ren writes for Bloomberg. The yield spread between US three-month and 10-year Treasuries turned negative for the first time in over a decade on Friday, something that […]
Vintage cars take Cairo auto fans down memory lane
Vintage car lovers were able to feast their eyes on 250 classic vehicles of all shapes and sizes at the 7th Cairo Classic Meet, held in Cairo’s Smart Village Club on Saturday. For all those who could happily spend hours arguing why a 1967 Ford Mustang is better than a Chevrolet Camaro, Xinhua has a […]
China’s planned textile complex could spell doom for Egypt’s local industry
Egypt is getting some flack in the US press this morning, with the Washington Post arguing that Congress should review the USD 1.3 bn aid it gives to Egypt — or at least use it as leverage to address human rights issues, a group of academics, policymakers and activists told a recent event in the […]
El Sisi meets Bulgarian president to talk economic and military cooperation
President Abdel Fattah El Sisi’s meeting with Bulgarian President Rumen Radev yesterday topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar). The two sides discussed regional affairs and efforts to strengthen economic and military ties, Al Ahram reported. Fighting terrorism was also a main point […]
World’s most populous cities since 1500
Cairo was one of the most populous cities in the world in 1500 (it’s nowhere near the top now). Making the rounds of the internet these days is one of the better marriages of spare time, data, and graphics: This bar chart race of the world’s most populous cities since 1500. Cairo comes in third […]
Foreign Minister meets US officials in Washington
Foreign Minister Sameh Shoukry met with Democratic and Republican senators in Washington yesterday for discussions about combating terrorism, Egypt’s economic development, and several regional issues, Ahram Online reports. Shoukry emphasized the importance of the strategic relationship between Egypt and the US, as well as the need for continued US support to address the threat of […]
Finance Ministry issues financial guarantee for Oyoun Moussa plant
The Finance Ministry issued a financial guarantee for Al Nowais’ USD 4 bn 2.65 GW Oyoun Moussa coal plant, a source from the Electricity Ministry tells Al Mal. Al Nowais had previously said it is putting up 70% of the capital for the project, and was in talks with backers in Singapore, South Korea, China, […]
Electricity Ministry looks for partners on geothermal energy map
The Electricity Ministry is seeking international partners and funding to create a geothermal energy map of Egypt as part of its goal of increasing the country’s reliance on renewable energy sources, according to a report picked up by Think Geoenergy. The last time we heard about geothermal energywas in 2016, when oil and electricity ministries […]