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Egypt sees foreign direct investment at USD 11.2 bn in 2022, with inflows into renewable energy opportunities contributing c. 12% of that total, Investment Minister Sahar Nasr said, according to Al Mal. Egypt fell short of its annual USD 10 bn target in each of 2016 and 2017, but still remained the most attractive destination […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt sells EUR 695.1 mn of one-year treasury bills
Egypt sold EUR 695.1 mn worth of EUR-denominated one-year treasury bills yesterday, central bank data shows. Yields on the bills averaged 1.75%, up from 1.6% at a similar auction in August, according to Reuters.
Posted inSpeed Round
Enterprise is hiring
** WE’RE HIRING: We’re looking for smart, talented, and seasoned journalists and editors to join our team at Enterprise, which produces the newsletter you’re reading right now. We’re looking for people who can work on this product and help us launch exciting new stuff. Applicants should have serious English-language writing chops, a strong interest — […]
Posted inUncategorized
** 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 […]
Posted inUp Next
What we’re tracking this week and beyond
Amendments to Real Estate Registry Act coming: The Madbouly Cabinet is planning to introduce a bill to the House of Representatives amending the Real Estate Registry Act this week after the Egyptian Council of State completes its review, Parliamentary Affairs Minister Omar Marwan said. He did not reveal details of the amendments. The UN Biodiversity […]
Posted inTHE MACRO PICTURE
Why Africa is missing out on the passive investment train
Why Africa is missing out on the passive investment train: Passive investing investing tools including exchange-traded funds and index funds together comprise a USD 4.9 tn industry this year thanks largely to lower management fees, limited research required, and the inability of active managers to consistently beat indices. But Africa hasn’t cashed-in on the growth […]
Posted inEGYPT IN THE NEWS
Another blessedly slow news day for Egypt in the foreign press
It’s another blessedly slow news day for Egypt in the foreign press, which still has nothing noteworthy to say about us.
Posted inWorth reading
Are millennials less entrepreneurial?
Are millennials less entrepreneurial? In the era of Facebook, Twitter, Snap and the slew of unicorns founded by (or attractive to) millennials, we were quite surprised when we came across this piece by the FT which suggests that in fact, millenials are less entrepreneurial than their counterparts from Generation X and older. Fewer than 4% […]
Posted inDiplomacy + Foreign Trade
Sisi in Palermo for UN-backed Libya stabilization talks
President Abdel Fattah El Sisi is in Palermo, Italy, for a two-day conference to discuss a UN-backed Libya stabilization plan, Ittihadiya said in a statement. Gen. Haftar Khalifa, the Egypt- and UAE-backed military commander who controls eastern Libya, also arrived in Palermo yesterday to attend the gathering, according to Reuters. This marks Haftar’s first official […]
Posted inDiplomacy + Foreign Trade
Egypt chairs Group of 77 and China coordinative climate change meeting
Egypt chaired the coordinative meeting of the foreign affairs and environment ministries of The Group of 77 and China, which took place in Cairo last Friday and Saturday, according to a Foreign Ministry statement. The ministeries discussed their respective country’s position and role in combating climate change. This came ahead of the Conference of the […]