Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
** 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 […]
Author Archives: enterpriseam admin
Posted inUp Next
What we’re tracking this week and beyond
The Cairo Economic Court is due to rule tomorrow on an appeal by pharma distributors of an anti-trust fine. The distribution companies (Ibnsina, Ramco, Multipharma and United Company for Distribution and Trade) are appealing an Egyptian Competition Authority fine of EGP 5.6 bn for having allegedly colluded to cut credit periods and slash discounts to […]
Posted inImage of the Day
Remembering the Salem Express shipwreck off Egypt’s Red Sea coast
Remembering the Salem Express shipwreck off the Red Sea coast some 27 years later: Divers continue to explore the wreck site of the Panama-owned ferry MV Salem Express, CairoScene writes, finding cars, televisions and debris perfectly intact in an underwater time capsule. On 17 December 1991, the Salem Express sailed from Jeddah to Egypt’s Safaga […]
Posted inEGYPT IN THE NEWS
Egypt is on a British charities warning list of countries that subject British school girls to FGM
It’s a mixed bag for Egypt in the international press this morning: Egypt is on a British charity’s warning list of countries in which UK schoolgirls could be subjected to FGM over the Christmas break, according to a Reuters article. Forced migrant repatriations from Italy to Egypt and Nigeria are peaking, and Italy’s guarantor for […]
Posted inON THE FRONT PAGES
El Sisi’s trip to Vienna is front and center in Egypt’s state newspapers
President Abdel Fattah El Sisi’s trip to Vienna is front and center in Egypt’s three main state newspapers, with the primary focus being talks on immigration issues (Al Ahram | Al Akhbar | Al Gomhuria). Also featured on the front pages this morning are updates on the government-sponsored nationwide Hepatitis C screening program (Al Ahram) […]
Posted inWorth watching
Too much screen time can be physically changing youth’s brains, early study finds
Too much screen time can physically change your child’s brain: A study funded by the National Institute of Health suggests that teenagers and adolescents’ heavy use of smartphones, tablets and computer screens can be damaging to their brains, according to Bloomberg. While the findings cannot yet be considered conclusive, the study found that children who […]
Posted inDiplomacy + Foreign Trade
Egypt’s ambassador to Sudan presents his credentials to President Omar Bashir
Egypt’s new ambassador to Sudan Hossam Eissa presented his credentials to Sudanese President Omar Al Bashir on Thursday, according to a Foreign Ministry statement. Eissa, who arrived in Khartoum last month, begins his post as Egypt and Sudan have been working to de-escalate tensions over the Grand Ethiopian Renaissance Dam and trade issues.
Posted inHealth + Education
Egypt cancels decision to adjust US high school diploma grades for Egyptian students
Higher Education Minister Khaled Abdel-Ghaffar has canceled a 2015 ministry decision to equate US high school diploma grades to those of Thanaweya Amma, according to Ahram Online. The ministry had previously imposed the equation, which students and parents complained resulted in an unfair reflection of their performance, to allow students with American diplomas to apply […]
Posted inTourism
Egypt’s CBE extends its tourism rescue initiative until December 2019
The Central Bank of Egypt (CBE) has granted a one-year extension to its tourism rescue initiative for investors and businesses operating in the sector, according to a statement yesterday. The CBE will accept requests to reschedule debt owed by tourism companies for up to three years, and will grant a six-month extension for personal loans […]
Posted inBanking + Finance
Al Baraka Bank Egypt expects new tax treatment to hit 2019 profits
Al Baraka Bank expects its 2019 profits to decline by 5-7% as a result of proposed amendments to the tax treatment of bank income from government debt, if they are approved, the bank said in an EGX disclosure (pdf). The bank, however, doesn’t expect the decision to reflect in its 2018 financial statements. Abu Dhabi […]