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On Sunday, a Cairo court will hear the EUR 150 mn lawsuit against Peugeot Citroen.The case, in which a subsidiary of Arabian Investments, Development and Financial Investment Holding Co. is suing Peugeot after the French automaker ended their 40-year partnership, had been delayed in mid-December. Egypt’s Emirates NBD PMI is expected on Tuesday. The unified […]
Author Archives: enterpriseam admin
Posted inImage of the Day
How a bill becomes a law in Egypt
How a bill becomes a law in Egypt: We’ve written rather a lot about bills becoming laws in Egypt in the past couple of decades, and this morning’s Image of the Day is the best explanation of the process that we’ve seen in the English language, courtesy of the folks at the Tahrir Institute for […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 31 January 2019: Human rights, “Let it rust” campaign
Human rights in Egypt made headlines again. Six secular activists, including members of opposition parties, were arrested earlier this week for commemorating the 25 January revolution, according to the AP. Also making headlines is the crowdfunding campaign by prominent atheist video blogger Sherif Gaber, who says that the government won’t let him leave Egypt despite […]
Posted inON THE FRONT PAGES
Econ and business news dominate the front pages of Egypt’s state newspapers
Econ and business news dominate the front pages of the country’s three main state-owned dailies this morning. The government has signed 51 agreements that are expected to bring in some USD 27.2 bn in investments in the oil industry in the coming phase, Oil Minister Tarek El Molla said, according to Al Ahram. Meanwhile, Al […]
Posted inWorth reading
Fintech boom moves beyond Silicon Valley
Fintech boom moves beyond Silicon Valley: A European fintech company is giving household names like Facebook and Twitter a run for their money when it comes to wealth creation, in a clear indication of the power of the rapidly-growing payments market. Dutch company Adyen NV went public in June of last year and since then […]
Posted inDiplomacy + Foreign Trade
Shoukry meets with Russian counterpart on Syria, Libya
Foreign Minister Sameh Shoukry met with Russian Deputy Foreign Minister Mikhail Bogdanov to discuss cooperating on Syria, Libya, and Palestine, according to a ministry statement.
Posted inEnergy
Schneider Electric in talks over 35 MW solar plant
Schneider Electric is in talks with the Electricity Ministry over a 35 MW solar plant in Sharm El Sheikh, reports Al Mal. The plant is expected to feed 7 MW into the national grid, and provide electricity for more than 2,000 homes.
Posted inEnergy
Apex Africa signs contracts worth EUR 80 mn in Guinea Bissau
Apex Africa signed contracts for three contracts worth EUR 80 mn for developing a solar power plant and supplying electric meters and solar street lighting poles in Guinea Bissau, according to industry trade journal Power News.
Posted inBasic Materials + Commodities
Local wheat production forecasted at 9.5 mn tons
The Agricultural Ministry has announced that it expects Egypt to produce 9.5 mn tonnes of wheat in the 2018-2019 season, up from 9 mn tonnes the previous year, reports Reuters. Egypt’s strategic wheat reserves are enough to cover consumption for more than five months, the Supply Ministry said Wednesday, according to the newswire.
Posted inManufacturing
Egypt to launch new non-cash incentive program for exporters in March
A new non-cash incentive program for exporters that the Trade Ministry is working on will be launched in March, export council members tell Masrawy. Federation of Egyptian Industries boss Mohamed Elsewedy has suggested that the new program only apply to products that are at least 40% locally made, according to Masrawy. Export councils will hold […]