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The African Development Bank (AfDB) will reportedly disburse the third and final USD 500 mn tranche of a USD 1.5 bn loan to Egypt “within days.” The E-Commerce Summit in Egypt takes place this Wednesday. 2018 Automech Formula car expo will kick off on Wednesday and will go on until next Sunday at the Cairo […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
The new “scramble for Africa” is not the same as the old
The new “scramble for Africa” is not the same as the old: Much attention has been given to the influx of investment and credit from China to African nations in what some have called a “new scramble for Africa” the FT says. But unlike the previous grab of colonial European days, this influx of capital […]
Posted inImage of the Day
Ancient Egyptian Pharaoh might have been the first to challenge the “flat earth theory”
Ancient Egyptian Pharaoh Necho II might have been the first to challenge the “flat earth theory” when he hired Phoenician sailors to circumnavigate Africa, Mark Oliver writes for Ancient Origins. The crew sailed around Africa some 2600 years ago to find an alternate route to the straits of Gibraltar. Legend has it that they returned […]
Posted inEGYPT IN THE NEWS
British woman jailed in Egypt over painkillers loses appeal
A quiet morning: Topping coverage of Egypt in the foreign press on a very quiet morning was a court’s rejection of an appeal by UK tourist Laura Plummer against a three-year prison sentence for smuggling 300 tablets of pain meds, BBC reported. The story is being noted in the Independent, Evening Standardand The Sun. More […]
Posted inOn Deadline
With parents sweating tutor fees, education reforms are receiving praise
Education reforms only prolong the suffering of budget-strapped parents: As back to school season gets underway, parents are alreading panicking about their budgets for tutors, writes Mohamed Saad Abdel Hafiz in Al Shorouk. It is hoped that the reformed Thanaweya Amma — with its move towards a high school GPA system, less rote-memorization, and streamlined […]
Posted inWorth watching
Dubai builds smart trees at beaches
The sci-fi world that is Dubai is kicking it up a notch (again) with new solar palms. The city has started building solar-panel trees that have wifi and can charge your phone. The smart trees are also equipped with touch screens that provide information about the city and even provide weather updates. Nothing new under […]
Posted inDiplomacy + Foreign Trade
Transport minister meets UK trade envoy for cooperation talks
Transport Minister Hisham Arafat met UK Trade Envoy Sir Jeffrey Donaldson in Cairo on Monday to discuss stepping up cooperation across the sector, Al Mal reported. The two sides also agreed to hold a joint workshop to present Egypt’s potential investments in the sector to British companies.
Posted inDiplomacy + Foreign Trade
Abdel Aal meets Irish counterpart to talk bilateral ties
House Speaker Ali Abdel Aal discussed bilateral ties with his Irish counterpart Seán Ó Fearghaíl during a meeting between the two at the Irish airport, reports Akhbar Al Youm. Abdel Aal, who is heading a delegation of House reps, is also set to meet with Ireland’s President Michael Higgins and members of the Irish National […]
Posted inBasic Materials + Commodities
Long-staple cotton prices down due to high supply
Prices of long-staple cotton from the Delta fell to EGP 2,500 per qintar, down from EGP 2,650 per qintar as a result of higher-than-usual supply during the 2018-2019 harvesting season, Farmers’ Syndicate head Hussein Abdel Rahman said, according to Al Mal. Traders are also reportedly holding back on purchasing cotton to force prices down, Abdel […]
Posted inTourism
Tour operators to launch flights to Luxor and Aswan from Barcelona next year
Madrid-based tour operator Master Flights Sl. announced plans to begin operating charter flights to Luxor and Aswan from Barcelona in April 2019, reports Al Shorouk. The decision comes on the back of increased demand from Spanish cultural tourists and a 60-70% increase in Spanish tourist arrivals to Egypt. The company launched last November charter flights […]