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Two policemen were killed and three others were wounded when an explosive device carried by a terrorist detonated near Al Azhar Mosque late yesterday while security forces were pursuing him, Al Masry Al Youm reports, citing an Interior Ministry statement. The terrorist, who was also killed in the blast, was allegedly responsible for an attempted […]
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 inUp Next
What we’re tracking this week and beyond
The Egyptian data satellite Egypt Sat A will be launched on Thursday, local press reported. The satellite manufactured in Russia in cooperation with Egypt will be launched from Russian spaceport Baikonur in Kazakhstan. The EGP 500 mn first section of the fourth phase of Cairo Metro Line 3 will open by the end of this […]
Posted inTHE MACRO PICTURE
EM currencies begin giving traders the jitters
EM currencies begin giving traders the jitters: Currency traders are beginning to take note of risk in individual emerging-market currencies, Bloomberg reports. EM saw a deluge of inflows at the start of the year, becoming Bank of America Merrill Lynch’s “most crowded” trade for the first time ever. However, developing risks in individual countries are […]
Posted inEGYPT IN THE NEWS
Terror bombing near Al Azhar drives the conversation on Egypt
Driving the conversation on Egypt in the international press this morning was the terror bombing in which two police officers died while trying to detain a suspect near Al Azhar mosque. We have coverage of the news this morning in Speed Round, above.
Posted inON THE FRONT PAGES
The front pages of Egypt’s state-owned dailies are not looking identical
The front pages of Egypt’s state-owned dailies are not looking identical this morning. Al Akhbar is running with news that the national referendum on proposed constitutional amendments will likely take place before Ramadan begins in May, while Al Gomhuria focuses on Egypt’s power interconnection project with Sudan.
Posted inWorth reading
Syrian reconstruction could prove big business for Egypt
Syrian reconstruction could prove big business for Egypt: With Bashar Al Assad’s allies (Russia and Iran) noncommittal about providing resources to boost the country’s decimated infrastructure and western countries withholding funding and tightening sanctions, Syria’s immediate hopes for reconstruction seem to lie with Arab states, Chloe Cornish writes for the Financial Times. And Egypt is […]
Posted inDiplomacy + Foreign Trade
Egypt’s FM in Ireland to talk bilateral ties
FM Shoukry goes to Ireland to talk business: Foreign Minister Sameh Shoukry discussed with Irish Trade Minister Pat Breen during his Dublin visit on Monday strengthening economic and trade ties, according to a ministry statement. Shoukry informed the minister about potential investments for Irish companies in light of Egypt’s economic reform program.
Posted inEnergy
Siemens completes 400 MW extension on Toshka substation
Siemens has completed a 400 MW extension to the Toshka substation three months after breaking ground, the company announced yesterday. The project will be a key component in exchanging power as part of the USD 60-70 bn Egypt-Sudan interconnection project, on which phase one trial operations is set to begin in March. Upon completion of […]
Posted inInfrastructure
Egypt’s MPC, Malaysia’s Petronas launch JV to sell refined crude
State-owned Misr Petroleum Company (MPC) and Malaysia’s Petronas have launched an equally-owned JV to sell refined crude, according a press statement (pdf) from Petronas’ financial advisor NI Capital. The JV will import crude from abroad and use excess capacity at MPC’s refinery plant in Amreya to produce refined products under a shared brand name, government […]