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CORRECTION- We incorrectly said on Sunday that portfolio investment in Egypt generated net inflows of USD 3.2 bn in 1QFY18-19. Egypt actually witnessed net outflows of that amount during the period. We apologize for the error. The entry has since been corrected on our website.
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
Our friends at AmCham will be hosting ICT Minister Amr Talaat for its monthly luncheon on Sunday, 20 January. You can register for the event here. French President Emmanuel Macron will be in town in the coming weeks, France’s ambassador in Cairo, Stéphane Romatet said last week, according to Al Ahram. We had previously reported […]
Posted inUp Next
** WE’RE HIRING: We’re looking for smart, talented, quirky people to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested in: Journalists with print, audio and / or video skills — both editors and reporters (for both our English and our Arabic editions); […]
Posted inEGYPT IN THE NEWS
Pompeo, human rights top coverage of Egypt
It’s another reasonably quiet morning for Egypt in the international press, with the expulsion of a female university student shown hugging her fiancé in a video now making the rounds. France 24, The Times of Israel and the ever-measured Daily Mail have all picked up the story. Reports that the expulsion has now been rescinded […]
Posted inON THE FRONT PAGES
El-Sisi talks with UNHCR’s Grandi dominate front pages of Egypt main dailies
A meeting between President Abdel Fattah El Sisi and UN High Commissioner for Refugees Filippo Grandi dominated the front pages of the country’s three main state-owned dailies (Al Ahram | Al Akhbar | Al Gomhuria) this morning. El Sisi said stability and development are key to resolve the refugee crisis and that Egypt has not […]
Posted inWORTH A LISTEN
Can Bitcoin ever become a practical currency?
Can Bitcoin ever become a practical currency? It may not seem quite as shiny as it did a year ago, but not everyone believes Bitcoin has entirely lost its luster. In this Bloomberg podcast (listen, runtime: 30:52), Bitcoin Advisory Founder Pierre Rochard allows his unbridled enthusiasm for the decentralized cryptocurrency to drive the discussion, but […]
Posted inDiplomacy + Foreign Trade
Foreign Minister in New York to hand over G77 presidency
Foreign Minister Sameh Shoukry is in New York to meet United Nations officials at the handover the presidency of G77 + China to Palestine at the United Nations, according to a Foreign Minister statement.
Posted inEnergy
ACWA Power CEO sees renewable growth in Egypt, UAE
Egypt’s renewable energy sector is set to grow in the coming years on the back of “dramatic” cost reductions, Paddy Padmanathan, president and CEO of ACWA Power, told Bloomberg TV (runtime: 4:20). “I expect significant growth in the UAE, Egypt is another big market, and Morocco will continue to grow,” he said.
Posted inEnergy
Egypt to gradually increase natural gas exports to Jordan under a new deal
Egypt has begun increasing its natural gas exports to Jordan to 100 mcf/d with plans to reach 250 mcf/d during summer months after both countries amended their gas export agreement yesterday, local press reported. Under the agreement, Egypt will provide 10% of Jordan’s gas needs for electricity generation.