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CABINET WATCH- Cabinet approves proposed changes to Anti-Terrorism Act: The Madbouly Cabinet approved yesterday proposed changes to the Anti-Terrorism Act that aim to cut off sources of funding to terrorists and confiscate their assets, according to a cabinet statement. The amendments state that the authorities must confiscate assets, properties, key documents, and any arms that […]
Author Archives: enterpriseam admin
Posted inUncategorized
** 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 […]
Posted inTHE MACRO PICTURE
EMs beginning to boom?
EM inflows in January could signal the start of a boom period for developing economies, CrossBorder Capital MD Michael Howell argues in a piece for the FT. Data from multiple sources has suggested that financial inflows into emerging markets hit their highest levels in over a year in January. CrossBorder’s latest estimates indicate that USD […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 27 February 2019: Ramsis train collision
Yesterday’s train accident in Ramsis tops foreign media coverage of Egypt this morning. We have full details in Speed Round, above.
Posted inON THE FRONT PAGES
Train accident tops coverage in state newspapers
Yesterday’s train accident was the common topic linking the front pages of all three state-owned newspapers. Al Ahram and Al Gomhuria led their front pages with the warning from Prime Minister Moustafa Madbouly that all those guilty of negligence would be held to account. Al Akhbar appears to be less preoccupied with the accident, with […]
Posted inWorth watching
What does Britain mean to Egypt?
What does Britain mean to Egypt? Multiculturalism, love of Mohamed Salah and great literature are some of the more positive responses to that questions that BBC got. Colonialism, a history of stirring trouble in the region and being a little too prone to hypocrisy some of the more negative. In this BBC program (listen, running […]
Posted inWorth reading
Africa’s burgeoning welfare states
Poorer African countries are starting up welfare systems with impressive results, writes The Economist. In the five-year period between 2010 and 2015, sub-Saharan countries launched an average of 14 welfare schemes per year, up from five between 2001 and 2009. And the schemes are not small commitments: social safety-nets in these countries cost an average […]
Posted inDiplomacy + Foreign Trade
Egypt, South Korea sign MoU to enhance investment relationship
Egypt and South Korea signed yesterday a MoU to enhance their investment relationship, the Investment Ministry said in a statement. The MoU aims to establish a framework to boost bilateral ties, exchange expertise and improve the business environment to accomplish development targets on both sides, the ministry said. The agreement came during a visit by […]
Posted inEnergy
Acciona, Swicorp complete USD 180 mn, 150 MW solar plans in Egypt’s Benban
Spain’s Acciona Energia and Saudi’s Swicorp-owned Enara Bahrain have completed three, USD 180 mn solar photovoltaic plants with a combined capacity of 150 MW in Aswan’s Benban complex, the former company announced. One plant will begin commercial operations in a few days, with the remaining two due to go online in the next few weeks.
Posted inEnergy
Egypt’s Benban developers not made aware of 25% rise in costs
The Benban Solar Energy Developer Association representing companies working on projects in the Benban solar park were not made aware of an alleged 25% rise in investment costs, developers told PV Magazine. This came after reports emerged in the domestic press earlier this week that the Egyptian Electricity Transmission Company raised the cost-sharing bill under […]