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Melania Trump is coming to Egypt this week as part of a trip to Africa to “promote child welfare and education.” Melania will reportedly bring up tourism opportunities while in town, the Brookings Institute’s Landry Signé said. Her visit will also take her to Kenya, Ghana, and Malawi. Want to build a fintech business in […]
Author Archives: enterpriseam admin
Posted inImage of the Day
EgyptAir’s idea of in-flight entertainment? A fake interview with Drew Barrymore
EgyptAir’s surreal “interview” with Drew Barrymore goes viral. National flag carrier EgyptAir ran what the Hollywood trade press says is a “fake interview” with American actress Drew Barrymore in its in-flight magazine, Horus. The piece, which is all kinds of demeaning, became a viral sensation after political analyst Adam Baron posted pictures of it on […]
Posted inEGYPT IN THE NEWS
Another slow day for Egypt in the foreign press
It is another quiet morning for Egypt in the international press, with only a few headlines worth a brief moment of your time this morning: The Benban Solar Developers Association (BSDA) has helped clear logistical and regulatory hurdles for the 1.8 GW Benban solar complex, BSDA member Assem Korayem told PVA magazine in an interview. […]
Posted inWorth watching
The ancient rulers of Alexandria wanted to bring every book in the world under one roof
Ancient rulers wanted to bring every book in the world under one roof when they built the Great Library of Alexandria in the 3rd century BC. Over time, the library amassed a vast number of manuscripts, with the city being a hub for commerce and scholars alike. It remained the most significant center for science […]
Posted inDiplomacy + Foreign Trade
Germany’s GIZ increases 2019 budget for Egypt projects in 2019 to EUR 45 mn
GIZ increases investment budget for Egypt projects in 2019 to EUR 45 mn: German development agency GIZ has decided to raise its 2019 investment budget for projects in Egypt 15% to EUR 45 mn, up from EUR 39 mn this year, said GIZ General Manager Andreas Cook. The agency is focusing on supporting water and […]
Posted inDiplomacy + Foreign Trade
EBRD launches 2019-2023 agribusiness investment strategy
EBRD launches 2019-2023 agribusiness investment strategy: The European Bank for Reconstruction and Development (EBRD) announced yesterday (pdf) the launch of its agribusiness strategy for 2019-2023, which will see it providing financing, technical cooperation, and policy engagement to the economies it invests in. The strategy will aim “to efficiently increase food production and preserve natural resources […]
Posted inReal Estate + Housing
Naguib Sawiris’ Ora Developers to complete projects worth USD 2 bn in 5 years
Naguib Sawiris’ Gemini Global Development, which has been relaunched and rebranded as Ora Developers, plans to develop USD 2 bn of real estate across the Middle East over the next five years, CEO Haitham Mohamed tells the National. The rebranded vehicle is meant to consolidate the shares and investments of several companies owned by Sawiris […]
Posted inTourism
Lufthansa adds 100k seats to Egypt market as demand jumps 70%
German national carrier Lufthansa added 100k seats to Egypt flights this year to cope with a rise in demand, which jumped by 70% y-o-y, Egypt sales manager Sadiq Mohamed said. Egypt’s tourism industry has been gradually recovering recently from the hit it took in 2011. Tourism receipts recorded a surplus of USD 7.4 bn this […]
Posted inAutomotive + Transportation
Transport Minister meets with EIB, AFD to discuss funding for transport projects
Transport Minister Hisham Arafat met yesterday with a delegation from the European Investment Bank (EIB) and the French Development Agency (AFD) to discuss additional funding packages for Egypt’s transport projects, according to Al Mal. The two institutions, along with the European Bank for Reconstruction (EBRD), have already committed to offering a EUR 600 mn loan […]
Posted inAutomotive + Transportation
French and Greek companies competing for management of Cairo Metro Line 3?
French and Greek companies are competing for the management of the Cairo Metro Line 3, Transport Minister Hisham Arafat said yesterday, according to Al Mal. Arafat did not name the companies or provide further details, but to our knowledge, the government had reportedly accepted last week a bid from France’s RATP to run the line. […]