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** #5 Sudan lifts ban on Egyptian goods: Sudan agreed on Thursday to lift a ban on Egyptian agriculture and animal products that has been in place since March 2017, Sudanese President Omar Al Bashir announced during a visit to Khartoum by President Abdel Fattah El Sisi, Reuters reports. Trade and Industry Minister Amr Nassar […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s net FX sufficient for 8.5 months’ worth of imports
Egypt has foreign currency reserves sufficient for 8.5 months’ worth of imports, according to the central bank’s monthly statistical bulletin (pdf). Net FX reserves had reached USD 44.45 bn at the end of September.
Posted inSpeed Round
UAE’s Thumbay Group says it wants to invest EGP 5 bn to open Gulf Medical University in Egypt
INVESTMENT WATCH- UAE’s Thumbay Group wants to invest EGP 5 bn in Gulf Medical University branch in Egypt: The UAE’s Thumbay Group is looking to invest as much as AED 1 bn (EGP 5 bn) to build a local branch of its Gulf Medical University as a first step toward building a full-fledged medical city, […]
Posted inSpeed Round
EgyptAir hires new bosses for express, domestic divisions:
MOVES- EgyptAir taps new bosses for express, domestic divisions: EgyptAir Chairman Ahmed Adel has tapped Ashraf El Khouly to lead EgyptAir Express and hired Mohamed Elian to assist him, Al Mal reports. Sherif Khalil has also been tapped to take charge of domestic flights, while Sherif Ezzat was named assistant to Adel.
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
The draft SMEs Act is expected to be made public within a week, SMEs Development Authority head Nevine Gamea said on Wednesday, according to Al Mal. The draft law sets out incentives — mainly in the form of services and subsidized access to finance — for owners of micro-, small- and medium-sized enterprises to go […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 28 October 2018
** #6 #MeToo in Egypt takes center stage in the foreign press: The struggles of Egypt’s women with [redacted] harassment and the impact of the #MeToo movement led coverage of Egypt in the foreign press over the weekend. The Washington Post’s Sudarsan Raghavan and Heba Farouk Mahfouz profiled Youm7 reporter May El Shamy — one […]
Posted inWorth reading
Breaking down the age-old rivalry between Saudi Arabia and Turkey
Breaking down the age-old rivalry between Saudi Arabia and Turkey: Tensions between regional rivals Saudi Arabia and Turkey has flared up over the past few weeks amid murder of Jamal Khashoggi in the Saudi consulate in Istanbul, but the origins of the rocky relationship dates back centuries, Yaroslav Trofimov writes for the Wall Street Journal. […]
Posted inDiplomacy + Foreign Trade
Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam City rail
Egypt to sign USD 1.2 bn loan agreement next month for 10 Ramadan-Salam rail: Egypt will sign next month a USD 1.2 bn loan agreement with the Export-Import Bank of China to build an electric rail line linking Salam City with Tenth of Ramadan City and the new administrative capital, Transport Minister Hisham Arafat said […]
Posted inDiplomacy + Foreign Trade
USTDA signs MoU to fund feasibility study for Enjaz’ refinery
From the AmCham US business mission: USTDA signs MoU to fund feasibility study for Enjaz petchem complex: The US Trade and Development Agency (USTDA) signed an MoU with Egyptian oil and gas energy services provider with Enjaz Project Management that would see it fund a feasibility study for the development of the Enjaz Integrated Petrochemical […]