Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Uber CEO Dara Khosrowshahi will be in Cairo on Tuesday, 4 December for “an important announcement,” according to an emailed statement. This will be Khosrowshahi’s (bio) first visit to Egypt as Uber CEO. The announcement will be made along with Investment Minister Sahar Nasr. AUC’s Business Forward Anniversary event takes place on Monday, 3 December […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
Has the impact of a rising USD on the EM selloff been overblown?
Have the talking heads exaggerated the impact of a strong greenback on emerging markets? A number of analysts speaking to the FT argue so, saying that while a rising USD and interest rates are a factor in the emerging market selloff, it is not the determining factor. So what is the cause? “Saying it is […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 26 November 2018
The string of blissfully quiet mornings for Egypt in the international press continues. And yeah, we’re fully aware that the mere act of our writing that means that will change any moment now…
Posted inON THE FRONT PAGES
No single story leads the conversation in Egypt’s state newspapers
No single story is leading the conversation in Egypt’s three main state-run dailies this morning. Al Ahram and Al Akhbar each take note of the Arab International Conference on Mineral Resources, which President Abdel Fattah El Sisi is set to inaugurate today. Al Gomhuria’s front page (somewhat) bucks the trend, and leads with coverage of […]
Posted inWorth watching
Africa will be home to a third of the world’s population by 2100
Africa will be home to a third of the world’s population by 2100, a bulge that can be taken as a chance to boost economy given the larger young workforce, instead of a threat, according to The Economist. Africa and Asia will account for most of the world’s population growth in the coming decades and […]
Posted inEnergy
Egypt’s NPPA nominates 200 local companies to participate in Dabaa project
The Nuclear Power Plants Authority (NPPA) has nominated 200 local companies to supply Russia’s Rosatom with components for the latter’s Dabaa nuclear plant project, NPPA head, Amgad El Wakeel said according to Al Shorouk. The government will issue tenders to supply Rosatem with EUR 800-mn worth building materials, machinery, and design consulting sourced from local […]
Posted inEnergy
US’s Chevron and France’s Axens show interest in AMOC refinery project
The US’s Chevron and France’s Axens are bidding to take part in Alexandria Mineral Oils Company’s (AMOC) to upgrade its fuel refinery facility, CEO Amr Mostafa said. The two oil companies will present technical and financial proposals to AMOC by the end of December, said Mostafa, without specifying whether they will work as contractors or […]
Posted inInfrastructure
Irrigation Ministry to launch tender to construct New Dairut water barrages
The Irrigation Ministry is planning to launch a tender in March for the construction of a EGP 1 bn water barrage in New Dairut, Irrigation Minister Mohamed Abdel Atti said, according to Al-Ahram. The ministry will select the winning offer by October 2019, with construction work set to begin during the same month. The loan, […]
Posted inBasic Materials + Commodities
GASC receives lowest price for Egypt’s first rice tender from Chinese traders
The lowest offer received by the General Authority for Supply Commodities (GASC) for Egypt’s first international rice tender, USD 419.7 per tonne, came from China, traders said yesterday, according to Reuters. China-based traders are willing to supply the full requested amount of 25k tonnes of rice at the quoted price.
Posted inManufacturing
Raya to begin manufacturing air conditioners in USD 4 mn factory in Egypt
Home appliance distributor Raya Trade is mulling between Sadat City and 6 October for the location of their USD 4 mn air conditioner factory, CEO Bassem Megahed tells Al Mal. There was no mention of the project’s timeline or annual capacity. The company is also studying a separate EGP 300 mn facility, in partnership with […]