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** 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 […]
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Posted inUp Next
What we’re tracking this week and beyond
Egypt has still not selected a CEO for its new sovereign wealth fund despite reports earlier this month that it would do so “within days.” The executive regulations for the law governing the SWF are also pending. An IMF delegation is due in town mid-October for a review of Egypt’s progress on its reform program […]
Posted inEGYPT IN THE NEWS
El Sisi orders 3-month renewal of Egypt’s state of emergency
On a slow day for Egypt in the foreign press, coverage centered mostly on pickups of areport by Amnesty Internationalon Egypt’s use of French weapons. The report alleges that these weapons were deployed against protesters in Egypt during political unrest in 2013. The Washington Post and New York Times, for example, have both picked up […]
Posted inWorth reading
The latest report on climate change is an unmitigated disaster. This is why you should care.
The latest report on climate change is an unmitigated disaster. This is why you should care. The UN Intergovernmental Panel on Climate Change report warned last week that we only have 12 years to avoid climate change disasters by keeping global warming to a maximum rise of 1.5 °C. The report has been rattling cages […]
Posted inWorth watching
Could we have been born with memories in our DNA?
Could we have been born with memories encoded in our DNA? Experiments with rodents revealed that the animals were able to tap into their parents’ prior experiences to find ways around mazes — suggesting that parental memories were somehow imprinted in their genes. Scientists are now exploring whether traumas have an impact on DNA and […]
Posted inDiplomacy + Foreign Trade
Diplomacy + Foreign Trade on 17 October 2018
It is a slow morning on the diplomacy and trade front as all eyes shift to President Abdel Fattah El Sisi’s visit to Moscow, where he is set to meet today with Vladimir Putin. In other headlines: Some 57 countries have reportedly reserved plots of land in the new administrative capital to which they intend […]
Posted inEnergy
ANOPC seeks EGP 1.2 bn in financing for refinery
Assiut National Oil Processing Company (ANOPC) is in talks with local banks for a EGP 1.2 bn loan as part of the financing package for a USD 1.9 bn hydrocracking facility being built by subsidiary Assiut Oil Refining Company (ASORC), sources told Al Mal. ANOPC has approached the National Bank of Egypt, Banque Misr, CIB, […]
Posted inEnergy
Egypt’s monthly payments to IOCs rising
Egypt’s monthly payments to international oil companies for the state’s share of output from oil and gas fields has risen more than 7% from USD 700 mn in July to USD 750 mn monthly in September thanks to the rising price of oil and a ramp up in production, an unnamed Oil Ministry source is […]
Posted inEnergy
El Sisi signs off on EGPC, Apache Western Desert exploration rights changes
President Abdel Fattah El Sisi has signed off on a bill that will allow the oil ministry to amend an agreement between EGPC and Apache on exploration rights in the Western Desert, according to local media.
Posted inEnergy
Five qualify to bid for EUR 50 mn Zaafarana solar plant
Five international bidders have qualified to submit financial offers for an EUR 50 mn, 50 MW solar power plant in Zaafarana, sources from the New and Renewable Energy Authority (NREA) said on Monday. The companies — reportedly Spain-based Elecnor, Germany’s B Electric, Australia-based TCK Solar, India’s Vikram Solar and Chinese player NARI Group — should […]