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Is the EU going to offer Egypt incentives for illegal migrant plan? It is now increasingly clear that a faction of the EU led by European Council President Donald Tusk and Austrian chancellor Sebastian Kurz are pushing for some form of agreement with Egypt and other countries in North Africa to ensure there are incentives […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Is Egypt the second-wealthiest country in Africa?
**#8 Egypt is the second-wealthiest country in Africa by total wealth, but a distant sixth in wealth per capita as measured in 2017, according to AfrAsia Bank’s Africa Wealth Report 2018 (pdf). South Africa led the list of the continent’s wealthiest countries. The report by the Mauritius-based bank drills into “wealth, luxury, prime property and […]
Posted inSpeed Round
CORRECTION- Baker and Mckenzie was legal counsel for Afrexim in EGPC loan agreement
CORRECTION- Baker and Mckenzie acted as legal counsel to the African Export-Import Bank (AfreximBank) in its USD 200 mn loan agreement with the EGPC to finance the expansion of state-owned MIDOR’s refinery, the law firm told us yesterday. Amwal Al Ghad had incorrectly reported that Shalakany Law Office had advised Afrexim. The story has been […]
Posted inUncategorized
** 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 […]
Posted inUp Next
What we’re tracking this week and beyond
The E-Commerce Summit in Egypt takes place on Wednesday, 26 September. The Egyptian-Sudanese ministerial committee will meet at the end of this month ahead of a presidential summit set to be held in Khartoum in October. The Egypt-Romania business council will meet in Bucharest from 7-11 October, according to Al Mal. President Abdel Fattah El […]
Posted inEGYPT IN THE NEWS
It is a blessedly quiet day
It is a blessedly quiet day for Egypt in the international press.
Posted inOn Deadline
The real estate tax and its timing gets some hate in El Watan
The real estate tax took another pummeling in the opinion pages yesterday, with Mahmoud Khalil calling it unnecessary, untimely and even a waste of effort. For one, he quotes Finance Ministry officials as saying that revenues from the new 2.5% tithe would only amount to EGP 5 bn. This is an insignificant number for the […]
Posted inBRIEFLY NOTED
Second edition of El Gouna Film Festival, September 2018
The second El Gouna Film Festival will kick off tonight at 6 pm C.L.T and run for eight days, according to the festival’s official guide (pdf). The festival will feature 50 short and long films from Egypt, Tunisia, Poland, Russia, the UK, South Africa, India, and Singapore, among others. Notable attendees include actors Patrick Dempsey […]
Posted inWorth watching
NASA launches new satellite to measure ice levels on Earth
NASA launches new “laser” to study how much ice our home planet is losing: ICESat2 laser satellite took off this week to measure the height of ice on earth in order to determine how much of it was due to global warming. NASA will conduct tests four times a year to provide scientists with the […]
Posted inDiplomacy + Foreign Trade
Sahar Nasr and German officials meet to discuss economic cooperation
Investment Minister Sahar Nasr met with German officials this week to discuss strengthening cooperation across different sectors, including energy, environment and education, according to a ministry statement. The delegation, which included Claudia Warning from the Economics Ministry’s Development Cooperation department, stressed Germany’s commitment to supporting the Egyptian economy, praising recent economic reforms.