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Topping coverage of Egypt in the foreign press this morning is an army statement released yesterday saying that Egyptian security forces have recently killed 59 terrorists in the Sinai Peninsula. The army did not disclose the dates or locations of operations, but did reveal that it lost seven of its own men during the same […]
Author Archives: enterpriseam admin
Posted inON THE FRONT PAGES
Book fair dominates front pages of Egypt’s state-owned dailies
The inauguration of the Cairo International Book Fair dominated the front pages of the country’s three main state-owned dailies (Al Ahram | Al Akhbar | Al Gomhuria) this morning. The Arab League was the guest of honor for this year’s event, Al Ahram highlighted. During his inauguration yesterday, President Abdel Fattah El Sisi stopped by […]
Posted inWorth reading
Reliance on indexes will delay much-needed economic reform in GCC countries
CONTRARIAN VIEW- GCC index upgrades benefit nobody in the long term: Reliance on indexes will delay much-needed economic reform in GCC countries, Karen Young writes for Bloomberg. Saudi Arabia, Qatar, Bahrain, the UAE and Kuwait are all set to join emerging market indexes this year, a process which open the floodgates for investment to pour […]
Posted inWorth watching
What’s trust got to do with it?
What’s trust got to do with it? Trust has changed in a significant way this past year, the 2019 Edelman Trust Barometer reveals, bringing with it the news that people trust their bosses a lot more than they trust either the government or the media. According to this Bloomberg video (watch: run time 1:17), people […]
Posted inEnergy
Egypt hosts first ministerial meeting on Africa Renewable Energy Initiative
Egypt hosted yesterday the first ministerial meeting of the Africa Renewable Energy Initiative (AREI), which centered on exchanging expertise in sustainable and alternative energy sources, local news reported. The AREI was announced during 2015’s climate change talks in Paris, and is an attempt to see more than 10 GW of renewable energy produced on the […]
Posted inInfrastructure
Elsewedy Electric could invest up to EGP 2 bn in new capital projects
Elsewedy Electric is mulling investing up to EGP 2 bn in new infrastructure and power generation projects in the new administrative capital as part of plans to contribute to strategic national projects, it said in a statement (pdf). The company had signed last year an EGP 1.23 bn contract to construct a 500 KV substation […]
Posted inInfrastructure
NACCUD to launch waste management tender for Egypt’s new capital
The New Administrative Capital Company for Urban Development (NACCUD) will issue a tender to implement a waste management system in Egypt’s new administrative capital during 1Q2019, MENAFN reports. The tender will include the installation of a power station capable of converting solid waste into electricity.
Posted inBasic Materials + Commodities
House committee approves Egypt’s first black sand minerals production project
The House Energy Committee has approved legislation drafted by the Electricity Ministry which would see the ministry sign a black sand minerals exploration and drilling agreement, Youm7 reports. The bill was submitted to allow the ministry to grant exploration, drilling, and mining rights to the Nuclear Materials Authority and the Egyptian Black Sand Company, which […]
Posted inHealth + Education
Fayoum records largest number of students diagnosed with Hepatitis C
The government-sponsored nationwide campaign to detect and treat Hepatitis C has found the highest number of students testing positive for the virus in Fayoum, according to Egypt Today. The campaign aims to screen 6 mn students, and has thus far screened 600k.
Posted inAutomotive + Transportation
Alexandria Traffic Authority begins licensing tuk-tuks in western-most districts
The Alexandria Traffic Authority has begun licensing three-wheeled tuk-tuks in the governorate’s western-most districts, head of the vehicle stationing department Sherif Roushdy said, according to Al Masry Al Youm. So far, 122 of the governorate’s estimated 25k tuk-tuks were licensed to operate set routes, with licensing fees set at EGP 400. The licensing drive suggests […]