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WSJ on our middle-class squeeze: “In Egypt and elsewhere in the Middle East, a wave of austerity is making it harder for many people to make ends meet,” Jared Malsin and Amira El-Fekki say in the Wall Street Journal. Following the standard pattern of stories on the economy immediately following the EGP devaluation in 2016, […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Ancient Egyptian inspo at the Chanel show
Oh Pharrell, let my people go: There was plenty of Ancient Egyptian inspiration during Chanel designer Karl Lagerfeld’s 17th annual “Metiers d’Art” show, the AP noted. The Temple of Dendur (don’t worry: not stolen, but gifted) at the New York Metropolitan Museum was the venue for the extravagant event, where celebrities such as Pharrell Williams […]
Posted inON THE FRONT PAGES
Egypt’s state-owned dailies want you to know the gov’t is paying attention to prices
The government is paying attention to the availability of basic commodities and their prices on the market. That’s the message Al Ahram and Al Akhbar are sending readers this morning. Al Ahram and Al Gomhuria also continued to give front-page spots to EDEX 2018, which wrapped up yesterday, and the slew of meetings President Abdel […]
Posted inWorth reading
What would it take for decarbonization to take root?
What would it take for decarbonization to take root? While the use of renewables is on the rise — taking in double the investment for power generation as coal, gas, oil and nuclear combined — the global energy system still derived 85% of its power from fossil fuels, according to the Economist. Combining a massive […]
Posted inDiplomacy + Foreign Trade
Egypt’s Nassar, UK’s Donaldson, Adams discuss post-Brexit cooperation
Post-Brexit trade between Egypt and the UK kicks into gear: Trade and Industry Minister Amr Nassar discussed post-Brexit economic cooperationwith UK trade envoy Sir Jeffrey Donaldson and UK ambassador to Egypt Sir Geoffrey Adams, according to a ministry statement (pdf). The post-Brexit era will focus on joint projects in manufacturing, education, vocational training, and healthcare […]
Posted inDiplomacy + Foreign Trade
Egypt renews live trade talks with Ireland
Ireland and Egypt are approaching a renewal of live trade after Irish Minister of State Pat Breen and Egypt’s Deputy Agriculture Minister Mona Mehrez discussed issues surrounding health certificates for Irish exports, Independent reports. Mehrez said Egypt is willing to consider amending existing health certificates for breeding stock.
Posted inDiplomacy + Foreign Trade
Regeni’s lawyer adds 20 more Egyptian suspects in murder case
Regeni’s lawyer names 20 more Egyptians she suspects in student’s killing: Giulio Regeni’s family’s lawyer announced yesterday she has a list of 20 additional suspects she believes were involved in the student’s murder, according to the Guardian. Attorney Alessandra Ballerini urged the five key suspects to come forward, the AP reports.
Posted inEnergy
Siemens Gamesa captures 97% of wind energy market in Egypt and 53% in Africa
Siemens Gamesa holds 97% of the wind energy market in Egypt and 53% in Africa, the company said in press release (pdf). Siemens Gamesa has generated 986 MW of wind energy for the country. The firm said its Gabal El Zayt and Zaafarana projects are the largest of their kind in the Egypt, with the […]
Posted inReal Estate + Housing
70% of land in the New Administrative Capital sold
70% of land in the first phase of the New Administrative Capital (or 17,000 feddans) has been sold, the New Administrative Capital’s spokesperson Khaled El Hosseiny said during a press conference, according to Ahram Online. Most of the developers are Egyptian, Hosseiny said, in an attempt to calm criticisms that major contracts have been granted […]
Posted inBanking + Finance
valU to extend its services to more online shoppers in Egypt
EFG Hermes Finance’s valU is in talks with six e-commerce companies to extend its payment-on-instalment services to more online shoppers, EFG Finance CEO Walid Hassouna said, according to Al Mal. The company expects items purchased online to account for 10% of next year’s sales. He added that the company was planning to expand to three […]