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UN talk showcasing uses for blockchain outside crypto tomorrow: The UN Technology Innovation Lab Egypt, Egypt Technology Innovation & Entrepreneurship Center, UNDP, and IBM Egypt are hosting a discussion tomorrow to introduce blockchain and its uses outside of cryptocurrencies. You can find more details and register for the event here. The EGP 500 mn phase […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
The window for emerging markets to industrialize is closing — and quickly, at that
The window for emerging markets to industrialize is closing — and quickly, at that: Structural shifts in global trade patterns will make it increasingly difficult for emerging markets to industrialize, writes Steve Johnson in the FT. Research from the McKinsey Global Institute suggests that new trends in production (more automation, for example) mean the importance […]
Posted inEGYPT IN THE NEWS
The EU-Arab League summit
The EU-Arab League summit is the only real coverage Egypt is getting in the foreign press this morning. Other headlines worth noting in brief include: Tourism numbers this year could beat the 15 mn visitors record of 2010 when Russian flights to Red Sea resorts resume, Hamza Hendawi writes for The National. Saudi King Salman […]
Posted inON THE FRONT PAGES
EU-Arab League Summit tops coverage in state papers
Still topping headlines among the state’s leading newspapers is the opening day of the EU-Arab League Summit. Both Al Akhbar and Al Ahram focused on President Abdel Fattah El Sisi’s opening remarks, with the latter noting his call to action for a conflict-free Middle East. Al Akhbar looked at the heads of state who sat […]
Posted inWorth reading
“Reform-minded” Ethiopian leader Abiy Ahmed has a lot to live up to
Spotlight on our most important relationship in Africa: A look at “reform-minded” Ethiopian leader Abiy Ahmed: Ethiopia is being touted as one of Africa’s great success stories — not just economically, but politically and socially too — and many of the most glowing accolades fall at the feet of its charismatic new leader, Abiy Ahmed. […]
Posted inWorth watching
The internet is beyond fixing, we need a new one
The internet is beyond fixing, we need a new one: The web has caused tremendous political, economic and societal problems, and we “desperately” need a new internet, FT correspondent Hannah Kuchler tells us in a video for FT Rethink (watch, runtime: 02:09). We are now routinely seeing people losing money and reputation, as well as […]
Posted inEnergy
Eni to complete sixth Zohr gas treatment plant end of March
Italy’s Eni will complete the Zohr field’s sixth natural gas treatment plant at the end of March, raising output to 2.3 bcf/d from 2.1 bcf/d currently, the domestic press reports. The Italian company has also completed drilling the tenth well, which has been gradually linked to treatment units that have begun operations, an Oil Ministry […]
Posted inBanking + Finance
Pharos gets Planning Ministry nod for IFM achievement
Our friends at Pharos Holding were acknowledged by Planning Minister Hala El Said for being named “Best Equity Research Company” by the International Finance Magazine (IFM) for 2018, the company said in a press release (pdf). Chairman and CEO Elwy M. Taymour received the award at a gala dinner on 20 February, which was attended […]
Posted inLaw
Egyptian arbitration court grants Amer Group USD 39 mn in compensation
The Cairo Regional Center for International Commercial Arbitration has granted USD 39 mn in compensation to Amer Group in a dispute with Antaradous for Touristic Development, according to an EGX disclosure (pdf). The claims were brought to commercial arbitration by the Syria-based company in 2014 following a dispute over its partnership with Amer to develop […]
Posted inON YOUR WAY OUT
Egypt hosts Chinese dragon boat race
Teams from around the world participated in the Yangtze dragon boat race on the Nile on Saturday as part of the Chinese spring festival, Ahram Online reported. The Egyptian team won the men’s race, which traditionally takes place on the Yangtze river in China. Teams from China, Portugal, US, Australia, Hong Kong, Macao, Philippines and […]