Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Sudan lifts ban on Egyptian products: The Sudanese government announced it has officially lifted its ban on imports of Egyptian agricultural and animal products, according to Sudan Tribune. The ban, which had been in place since September 2016, came amid tensions between the two countries and as Egypt faced a scare amid reports of strawberry […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Print exporters offer alternatives to export subsidies
Printers are angling for alternatives to delayed export subsidies. Owners of printing presses are waiting for the payment of back-due export subsidies like everyone else. With the government signaling that it may be open to non-cash mechanisms of compensation, industry veteran Nadim Elias, the head of the Print Export Council, tells Al Shorouk newspaper that […]
Posted inSpeed Round
Egypt ends USD 2 mn agreement with US lobbying firm
Gov’t reportedly ends USD 2 mn agreement with US lobbying firm: The government has reportedly terminated a USD 2 mn annual contract with US lobbying firm Glover Park Group, according to Al-Monitor. No reason was given for the termination, but Al-Monitor notes the split took place shortly after President Abdel Fattah El-Sisi gave an interview […]
Posted inSpeed Round
Egypt launches fund to reform state-owned enterprises
New fund for state-owned enterprises: The Madbouly Cabinet approved last week setting up a fund to finance the overhaul of state-owned companies. The fund, which will be spearheaded by the Public Enterprises Minister, aims to help state-owned companies reduce their debt levels, implement governance frameworks and clear “financial bottlenecks.” Reuters notes that the move has […]
Posted inSpeed Round
China Development Bank offers USD 3.7 bn in financing to Egypt’s EEHC
BANKING WATCH- The China Development Bank is offering USD 3.7 bn in financing to the Egyptian Electricity Holding Company for the construction of the 6 GW Hamrawein ‘clean coal’ power plant, unnamed sources told the domestic press. Construction of the plant was awarded to a consortium of Chinese companies and Hassan Allam Holding at a […]
Posted inSpeed Round
Zohr output increases to 2.1 bcf/d
Zohr output increases to 2.1 bcf/d: Output at Zohr natural gas field has increased to 2.1 billion cubic feet per day (bcf/d), the Oil Ministry said in a statement. The field’s last production milestone came in September last year when output reached 2 bcf/d. Estimates given by field operator Eni and the ministry in October […]
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 Egypt Petroleum Show gets underway tomorrow at the Egyptian International Exhibition Center. The three-day exhibition includes companies from 13 exhibiting countries. Egypt will issue USD 1 bn worth of one-year USD-denominated T-bills tomorrow, Reuters reports. The IMF will present on Tuesday a report titled Financial Inclusion of Small and Medium-Sized Enterprise in the Middle […]
Posted inTHE MACRO PICTURE
“Wall of money” destined for emerging markets- IIF
“Wall of money” destined for emerging markets- IIF: A “wall of money” is heading for emerging market assets after the US Federal Reserve eased concerns over an imminent rise in interest rates, the Institute of International Finance (IIF) said in a new report published on Thursday. The global industry body says a “sharp spike” of […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 10 February 2019: gov’t population target, other headlines
The government’s “Two is Enough” population control program is the focal point of an in-depth piece by the Financial Times’ Heba Saleh. The program essentially aims to reduce the fertility rate from 3.5 children per woman to 2.4 by 2030 — meaning eight mn fewer births — as Egypt’s population is due to surge past […]