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M&A WATCH- SIDPEC acquires 20% stake in local chemicals company: Sidi Kerir Petrochemicals Company (SIDPEC) has entered into a preliminary agreement to acquire 20% of Solvay Alexandria Sodium Carbonate (CCI), according to a domestic media report citing unnamed company sources. SIDPEC had said last week that it intends to acquire a local petchem company, but […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Uber and Careem drivers call for a strike?
Uber and Careem drivers call for a strike over gov’t foot-dragging on exec regs? Drivers at ride-hailing companies Uber and Careem called on social media for a strike today to protest the delay in the issuance of the executive regulations that are set to govern the Ride-Hailing Apps Act, Al Mal reports. Drivers claim that […]
Posted inSpeed Round
Sphinx airport soft launch is tomorrow
Sphinx airport soft launch tomorrow: Sphinx International Airport in Giza will begin trial runs and a soft launch on Monday, Civil Aviation Minister Younis El Masry said in a presser on Thursday, according to Al Shorouk. The airport will be operating at full capacity by 2020, El Masry noted, according to the newspaper. El Masry […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
President Abdel Fattah El Sisi will meet with Russian President Vladimir Putin on Wednesday during a state visit to Moscow, according to an announcement from the Kremlin. The two will touch on Egypt-Russia relations, current global affairs, military cooperation, and sign a number of agreements following their meeting. Egypt will reportedly select a manager for […]
Posted inImage of the Day
Egypt’s sculptors finally redeem themselves with new Nefertiti bust
Egypt’s sculptors redeem themselves with replacement for Frankenstein-esque Nefertiti bust: Remember that weird period during which a string of ugly / botched statues was unveiled and promptly ridiculed for being so terrifying? Thankfully, that’s all over now. Fine arts students from Minya University are redeeming the reputation of sculptors everywhere in Egypt with a bust […]
Posted inEGYPT IN THE NEWS
Human rights is once again at the forefront of coverage of Egypt in the foreign press
** #8 Egypt’s human rights record is again driving the conversation in the foreign press on Egypt this morning after a flood of stories began on Thursday. That’s when Human Rights Watch alleged that Egypt-born US cab driver Khaled Hassan was forcibly disappeared for four months, tortured and raped in prison. The graphic statement was […]
Posted inOn Deadline
Constitutional amendments will happen sooner or later
Amendments to Egypt’s constitution are bound to happen sooner or later, Mahmoud El Alaily writes for Al Masry Al Youm. He says that it will eventually become necessary to amend the constitution to reflect changes that Egypt has gone through since the transitional period when it was written, arguing that it would be imprudent to […]
Posted inWorth watching
Sales of processed cheese slide as demand for the good stuff grows
Popular American food chains are ditching preservatives-filled cheese as demand for quality grows: American cheese slices, a staple for a century in homes the world over — not just in the US — may taste delicious, but their shelf life comes the cost of consumers gulping down sodium citrate, calcium phosphate, natamycin and modified food […]
Posted inDiplomacy + Foreign Trade
El Sisi approves French grant to renovate Alexandria’s Raml tramline
El Sisi approves AFD grant to renovate Alexandria’s Raml tramline, Japanese grant for E-JUST: President Abdel Fattah El Sisi approved an EUR 8 mn grant from the French Development Agency (AFD) to continue renovations to the Raml tramline in Alexandria, Al Shorouk reports. The president also approved another grant worth JPY 993 mn from the […]