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The US has approved USD 1.2 bn worth of arms sales to Egypt: A Pentagon agency has approved the sale to Egypt of 10 AH-64E Apache helicopters in a transaction worth an estimated USD 1 bn, according to a statement from the US Defense Security Cooperation Agency (DSCA). In aseparate statement, the DSCA said it […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Cabinet signs off on making all gov’t transactions in Egypt electronic next year
CABINET WATCH- Gov’t transactions to be electronic by 1 January, 2019: The Madbouly Cabinet approved yesterday a Finance Ministry decision that makes it mandatory for all government transactions to be electronic, regardless of their size or value, by 1 January 2019, according to an official statement. The House of Representatives had also approved amendments to […]
Posted inSpeed Round
Chinese company to invest USD 300 mn in steel factory in Egypt’s Ain Sokhna
INVESTMENT WATCH- An unnamed Chinese company is looking to invest upwards of USD 300 mn next year in a new steel factory in Ain Sokhna, the Chinese Embassy in Cairo’s minister counsellor for commercial affairs Han Bing said. The company is set on Ain Sokhna, but will also consider other locations if it doesn’t find […]
Posted inSpeed Round
Correction
CORRECTION- The perils of sleepless nights: We don’t know where our brains were when we suggested yesterday that OPEC potentially cutting production could be good for oil importers including Egypt. The story has been corrected on our website.
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Egypt’s new capital symbolizes El Sisi’s vision for the country
It is a mixed bag of nuts for Egypt in the international press this morning, with no single story driving the conversation and the echoes of mummies (and of the export of stray dogs and cats) still ringing in the air. Among the very few pieces worth noting: Writing for the Carnegie Endowment, analyst Michele […]
Posted inON THE FRONT PAGES
El Sisi’s directive to develop the AOI leads the conversation in Egypt’s state dailies
President Abdel Fattah El Sisi’s directive to kick things up a notch at the Arab Organization for Industrialization is, without exception, at the top of the country’s three main state newspapers’ front pages (Al Ahram | Al Akhbar | Al Gomhuria). The AOI runs facilities that produce both military hardware and civilian goods. National security […]
Posted inWorth reading
How much do we know about ancient Egypt’s economy?
How much do we know about ancient Egypt’s economy? We are certain of the obvious: The Nile was the epicenter of the ancient economic structure, which was for the most part agrarian. The policies, institutions, and social structures in place, which the Conversation rounds up, were organized around estates, the economy’s primary building blocks. The […]
Posted inWorth watching
Restoring Siwa’s 13th century Shali village
Restoring Siwa’s 13th century Shali village: The Egyptian government has recently launched a UN-backed initiative to restore and preserve the Siwa Oasis village of Shali, according to Al-Monitor. The plan, announced in mid-October, aims to position the village as a central feature of Siwa Oasis’ touristic appeal and capitalize on Siwa’s potential as an eco-tourism […]
Posted inDiplomacy + Foreign Trade
Belarus invited to take part in Russian Industrial Zone
Belarus invest in the USD 7 bn Russian Industrial Zone (RIZ), MENA quoted Belarusian Ambassador to Egypt Sergei Rachkov as saying, according to Belarus News. Rachkov said that his country is “considering the possibilities,” but did not offer further details. Russia had called on UAE businessmen earlier this month to cooperate in building the RIZ. […]