Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
IDC will be hosting a gathering headlined CyberSecurity Strategies in the Banking Sector today at the Four Seasons Nile Plaza. You can register for the event here. Get briefed on Egypt’s tourism reform program when Tourism Minister Rania Al Mashat speaks at AmCham on 13 December. Members and their guests may register here. The Autotech […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
Goldman Sachs update on its 2019 Outlook
Goldman Sachs prefers EMs to DMs in 2019 Outlook: Goldman Sachs is heading into 2019 with a preference for emerging market equities,according to its 2019 Investment Outlook (pdf). Goldman’s outlook recognized that the underperformance of EM assets in 2018 was due to “lower-than-expected growth in EM markets.” GS sees the outlook for EM improving in […]
Posted inImage of the Day
Do Egyptian streets make sense? Apparently there’s a method to the madness
Do Egyptian streets make sense? Apparently there’s a method to the madness. UC Berkeley’s urban planning scholar and geographer Geoff Boeing developed a method to visualize cities’ structures, or “logic,” that plots a city’s streets to explain their orientation and direction. Some cities, like Chicago and Beijing, have perpendicular and parallel grids that make it […]
Posted inEGYPT IN THE NEWS
Egyptian playwright says #MeToo is hurting Egyptian women
The #MeToo movement is hurting Egyptian women, Egyptian playwright Dalia Basiouny said according to The National. “As soon as a woman makes [an accusation] public, society accuses her,” the Fulbright Arts Grant recipient said at a panel discussion at NYU Abu Dhabi, in reference to the previous arrest of women for speaking out on harassment. […]
Posted inON THE FRONT PAGES
Egypt’s commitment to bolstering ties with Africa is on the front pages again
Egypt’s commitment to bolstering ties with Africa and investing in the continent continue to lead the conversation in the three main state-owned newspapers this morning. The primary focus is on Prime Minister Moustafa Madbouly saying that Egypt’s total investments in Africa have reached USD 8 bn (Al Ahram | Al Akhbar | Al Gomhuria). Al […]
Posted inWorth reading
Egypt’s iconic Cleopatra cigarettes are being undercut by a Montenegrin state-owned factory
Egypt’s iconic homegrown brand of cigarettes, Cleopatra, is being undercut by a state-owned factory in Montenegro manufacturing counterfeits, according to an investigation by BalkanInsight and Arab Reporters for Investment Journalism. (There is some irony in this: Cleopatra was established in 1961 at the request of then-president Gamal Abdel Nasser, who wanted a local version of […]
Posted inDiplomacy + Foreign Trade
KFAED allocates USD 500 mn for Egypt projects
KFAED allocates USD 500 mn to finance projects in Egypt over three years: The Kuwait Fund for Arab Economic Development (KFAED) has earmarked USD 500 mn to finance energy, water and sanitation projects in Egypt over the next three years, said KFAED Advisor Mohammad Sadeqi. To date, Egypt has received USD 3.3 bn in loans […]
Posted inEnergy
Egypt-Saudi power grid interconnection “partly operational” September 2021
The USD 1.6 bn, 3,000 MW interconnection project linking Egypt and Saudi’s national power grids will be “partly operational” in September 2021, Electricity Minister Mohamed Shaker said yesterday. The project’s inauguration, previously slated for 2020, was delayed after Saudi’s USD 500 bn Neom City mega project derailed plans. The project tenders also seem to be […]
Posted inEnergy
Shell’s Idku plant steps up LNG exports as winter curbs local consumption
Royal Dutch Shell’s Idku liquefaction plant has increased exports of natural gas to 500 mcf/d, up from 300 mcf/d previously, a source from EGAS said, attributing the move to a further decline in local consumption levels during winter. Just last month, the company increased LNG exports to 300 mcf/d from 250 mcf/d in October. Shell […]
Posted inAutomotive + Transportation
Brilliance plans to assemble Jinbei H1 Minibuses in Egypt
Brilliance Bavarian Auto is looking into establishing a facility for the assembly of Jinbei H1 minibuses in Egypt, company executive Mahmoud Allam said, according to Al Mal. The company will break ground on the facility mid-2019. No further details were provided on the expected investment value.