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You know it’s a slow news morning for Egypt when this is the biggest story we can come up with: Renaissance Capital chief economist Charlie Robertson’s note on Egypt, “allegedly sent from the back of a taxi stuck in nose-to-tail traffic in Cairo,” gets a nod from the WSJ’s this week on the frontiers column. […]
Author Archives: enterpriseam admin
Posted inON THE FRONT PAGES
El Sisi’s meetings at the Munich Security Conference top headlines in Egypt’s newspapers
President Abdel Fattah El Sisi’s meetings with the representatives of German companies on the sidelines of the Munich Security Conference yesterday is the top headline in Egypt’s three main state-owned dailies this morning (Al Ahram | Al Akhbar | Al Gomhuria).
Posted inWorth reading
Could a partnership between Shell and Alphabet be the key to commercializing wind technology?
Could a partnership between Shell and Alphabet be the key to commercializing airborne turbine technology? Shell’s minority investment of an undisclosed sum in Makani Power, an experimental wind power project acquired by Google parent company Alphabet six years ago, is part of a comprehensive diversification strategy for the oil and gas giant, according to the […]
Posted inWorth Listening
Money is power: An angel investor’s experience.
Money is power: An angel investor’s experience. Joanne Wilson has invested in over 120 companies over the past 12 years, the overwhelming majority of which were founded by women. In this WSJ podcast (listen, runtime: 21:14), she dispenses advice based on her own experience as an angel investor, a mentor of entrepreneurs and an ambitious […]
Posted inDiplomacy + Foreign Trade
El Sisi: Israeli-Palestinian conflict main source of instability in the Middle East
The Israeli-Palestinian conflict is the main source of instability in the Middle East, President Abdel Fattah El Sisi declared on Saturday, according to Haaretz. Speaking at the Munich Security Conference, he reiterated Egypt’s support for a two-state solution with pre-1967 borders and a Palestinian capital in East Jerusalem. He also met the former head of […]
Posted inEnergy
Egypt finalizing procedures to begin electricity linkage project with Cyprus
Egypt is finalizing the procedures needed to begin the electricity linkage project with Cyprus, the Electricity Ministry said in a statement. The project will open the door for electricity linkage between Egypt and Europe and using new renewable energy capacity to help Egypt serve as an energy hub in the region. The two countries are […]
Posted inInfrastructure
Housing Ministry to build 35 water desalination plants
The Housing Ministry is building 35 water desalination plants with a total capacity of 1.3 mcm/d, local press reported. Total water desalination capacity is planned to reach 1.7 mcm/d by 2020 or about 6.6% of Egypt’s drinking water production capacity.
Posted inBanking + Finance
Banks follow Central Bank of Egypt’s lead with interest rate cuts
Major state-owned banks followed the CBE’s lead by cutting interest rates on their changing-yield certificates of deposit (CDs) but left interest on their platinum CDs unchanged, Mubasher news services reported. National Bank of Egypt and Banque Misr cut interest to 16% from 17% on CDs with changing yields linked to the corridor rate and left […]
Posted inEgypt Politics + Economics
Madbouly appoints BoD of new Upper Egypt development authority
Prime Minister Moustafa Madbouly has appointed the board of directors of the newly-founded Supreme Authority for Upper Egypt Development, according to a Cabinet statement. The BoD includes representatives from the military production, local development, finance, planning, irrigation and investment ministries, as well as reps from the General Intelligence Agency, the Federation of Egyptian Industries, and […]
Posted inEgypt Politics + Economics
Egypt to set up civil services council to improve the sector
Egypt is establishing a civil services council amid efforts to improve the sector, Al Mal reports. The council, which will be supervised by the head of the Central Agency for Organization & Administration (CAOA), Saleh El-Sheikh, will evaluate draft laws and regulations related to the civil service in order to improve public services.