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President Abdel Fattah El Sisi’s speech at the Armed Forces celebration of Martyrs' Day topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar). At the event, the president reaffirmed the state’s commitment to fighting terrorism and paid respect to the families of martyrs.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Macron issues G7 invitation to Sisi
French President Emmanuel Macron has invited President Abdel Fattah El-Sisi to attend this year’s G7 summit, which will be held in Biarritz, France, on 25-27 August, according to an Ittihadiya statement. The two presidents reportedly held a phone call where they discussed bilateral cooperation between France and Egypt, including maintaining close cultural ties and working […]
Posted inDiplomacy + Foreign Trade
Japan considers establishing industrial zone in Suez Gulf area
Japan is considering establishing an industrial zone in the Suez Canal area, the Industry and Trade Ministry said in a statement (pdf). Industry Minister Amr Nassar met a delegation of Japanese companies and investors and discussed ways and opportunities for increasing Japanese investments in Egypt.
Posted inDiplomacy + Foreign Trade
Egypt highlights Qatari discrimination against women at UN Human Rights Council
A cohort of Egyptian human rights advocates presented yesterday a report to the United Nations Human Rights Council (UNHRC) highlighting the “blatant discrimination” against women in Qatar, reports Ahram Online. The report referred to an article stipulated in the Qatari Nationality Law which denies citizenship to the children of Qatari women married to non-Qataris, among […]
Posted inAutomotive + Transportation
El Sisi announces the extension of Egypt’s railways to Sudan and Africa
President Abdelfattah El Sisi announced plans to extend it’s railway lines to Sudan and Africa during his address at the Armed Forces educational seminar yesterday, reports the local press.
Posted inBanking + Finance
Catalyst acquires Nilex adviser Delta Financial
Catalyst Partners has acquired Delta Financial Investments and laid out a plan to restructure the company, according to a press release (pdf). Delta is licensed by the Financial Regulatory Authority to offer non-banking financial services, manage portfolio and mutual funds, and advise on Nilex IPOs.
Posted inBanking + Finance
Banque Misr agrees to give Vodafone Egypt EGP 4.5 bn in credit facilities
Banque Misr has agreed to give Vodafone Egypt EGP 4.5 bn in credit facilities that will be used to fund the company’s capital and operating expenses, a bank official told Masrawy. The UK’s Vodafone is the majority shareholder in Vodafone Egypt while Telecom Egypt owns 45% of the company.
Posted inBanking + Finance
Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility
The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export–Import Bank, according to an EGX disclosure (pdf).
Posted inOther Business News of Note
Madbouly Cabinet maps out priority areas in Egypt in need of development
The Madbouly Cabinet mapped out last week priority areas in Upper Egypt most in need of the Upper Egypt Development Authority’s attention, according to a statement. Topping the list of priority areas was the region between Halayeb and Shalateen, and Lake Nasser and the area between the Quseer and Safaga axis and the Kharga and […]
Posted inON YOUR WAY OUT
Step aside Bezos: Meet the richest person in history
Meet Mansa Musa, the richest person in history: The story of Mansa Musa, the 14th century African ruler estimated to have been the richest man who ever lived, reads like a fairytale. But this may be because, as this piece by Naima Mohamud for the BBC notes, “the history of the medieval period is still […]