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Wheat rises after Egypt’s rare purchase of US cargo: Chicago futures wheat rose on Monday after Egypt’s General Authority for Supply Commodities (GASC) bought US wheat for the first time since May 2017, Reuters reports. Wheat contract on the Chicago Board of Trade gained 1.5% on Monday. GASC purchased 470k tonnes of wheat in aninternational […]
Author Archives: enterpriseam admin
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
The first annual Middle East Conference on Business Angel Investment will take place on Thursday, 1 November in El Gouna, according to a statement from the Middle East Angel Investment Network (MAIN). The conference will bring together angel investors, venture capitalists and others to discuss the latest trends in fintech, clean tech, health technology and […]
Posted inTHE MACRO PICTURE
Africa’s unemployment crisis likely to worsen
African countries are failing to create enough jobs for their young populations: Africa’s deteriorating business environment will inevitably mean the continent will never be able to generate enough jobs for its growing working-age population, according to data from the Mo Ibrahim Foundation’s Index of African Governance (pdf) picked up by the Financial Times. Unlike Europe […]
Posted inEGYPT IN THE NEWS
Economist trolls Egypt on Eastern Company share sale delay
** #7 When the Economist trolls, it trolls hard: “Even a firm that sells cigarettes to addicts is a hard sell” the magazine (no, dudes, you’re not a newspaper) declares in its headline about the delay in Eastern Company’s share sale. Eastern’s share sale could have been the success story the government was hoping for […]
Posted inOn Deadline
People should not be allowed to hold weddings at ancient historical sites
People should not be allowed to hold events at historical sites, Amr Hashem Rabie writes in a piece for Al Masry Al Youm. He argues that out of concern for national heritage, authorities should stop giving individuals permission to hold weddings at ancient sites such as the temples of Karnak and Philae. The preparations alone […]
Posted inDiplomacy + Foreign Trade
El Sisi talks diplomacy during Berlin visit
El Sisi’s second day in Berlin: President Abdel Fattah El Sisi met yesterday with the CEO of Germany’s ThyssenKrupp, Ralph Reichmann, to discuss ways to boost cooperation on fertilizer manufacturing, Ittihadiya said in a statement. Reichmann said his company that his company is willing to study new investments in Egypt. El Sisi also met with […]
Posted inEnergy
EBRD to help KarmSolar raise financing for 10 MW solar power station
The European Bank for Reconstruction and Development (EBRD) will be helping KarmSolar raise financing for a 10 MW solar power station that it’s building for a “prominent client,” KarmSolar announced in a press release yesterday (pdf). The company signed a mandate letter with the EBRD for the funding that will also see the latter provide […]
Posted inBasic Materials + Commodities
Wheat reserves enough to beginning of March
Egypt’s strategic wheat reserves are enough to last until the first week of March, Supply Ministry spokesman Ahmed Kamal said, according to Reuters’ Arabic Service. The state buyer recently purchased 470k tonnes of wheat in an international tender for delivery between 11-20 December.