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Apart from holiday-gate it was a pretty dead night in the foreign press. The most notable piece came from the Wall Street Journal, which alleges Egypt is intolerant of women who publicly discuss [redacted] harassment .
Author Archives: enterpriseam admin
Posted inWorth reading
Sudden boom in tourism to Antarctica could threaten its fragile ecosystem
A sudden boom in tourism to Antarctica could threaten the continent’s already fragile ecosystem and further worsen global warming, according to the Financial Times. The continent’s current status as an uninhabited natural reserve has piqued the interest of many, including wealthy travelers who have no qualms spending five figures to board ships that take them […]
Posted inWorth watching
Europe’s first underwater restaurant to open in Norway this March
How to prepare for rising sea levels step #1 — learn to dine underwater: And one Norwegian restaurant plans to do it. Dubbed "Under,” the gourmet restaurant — designed to look like a periscope — will sit on the sea bed some five meters below the surface of Lindesnes, off the coast of southern Norway. […]
Posted inSpotlight
Our sit-down with Georg Tacke, CEO of Simon-Kucher & Partners
**#7 When you can see through the EM Zombie Apocalypse to the fundamentals, it’s a great time to invest in Egypt. That’s the take-home message from global consultancy Simon-Kucher & Partners CEO Georg Tacke, who recently gave the green light to the opening of a shop here in Cairo — the firm’s 35th globally. We […]
Posted inDiplomacy + Foreign Trade
EBRD, AfDB delegations due in town for talks on funding for Egypt
EBRD, AfDB delegations due in town this month for talks on funding for Egypt: A delegation from the European Bank for Reconstruction and Development (EBRD) is due in Cairo on 23 September to discuss with Egyptian officials the bank’s financing strategy for the remainder of the year, Managing Director for the Southern and Eastern Mediterranean […]
Posted inManufacturing
Organization for Standardization to enforce 400 new quality standards by year’s end
The Trade and Industry Ministry’s Organization for Standardization & Quality (EOS) is planning to enforce around 400 new quality standards across several industries before the year is out, EOS head Ashraf Afifi tells Amwal Al Ghad. EOS has already enforced 410 standards since the beginning of the year, according to Afifi. Meanwhile, the Trade and […]
Posted inEgypt Politics + Economics
Gov’t looking to conduct ambitious survey of the informal economy
State census agency CAPMAS is planning to undertake an extensive survey of Egypt’s informal economy in a bid to gauge exactly how big it actually is, according to a statement from Prime Minister Mostafa Madbouly at the Euromoney Conference, AMAY reports. The results will presumably inform the government’s policy to tackle the informal economy, the […]
Posted inEgypt Politics + Economics
Egypt wealth fund to initially focus on petrochem, tourism, pharma
Egypt sovereign wealth fund will focus its initial investments in the petrochemicals, pharma and tourism sectors for their high return rates, Planning Minister Hala El Said said at the Euromoney Conference on Wednesday, according to Al Mal. El Saeed added that a manager for the wealth fund will be chosen in the next three weeks. […]
Posted inSports
Court upholds EGP 400 mn fine against beIN Sports for monopolistic practices
An Egyptian court has upheld a previous ruling imposing a EGP 400 mn fine on beIN Media Group officials, including Chairman Nasser El Khelaifi, for anti-competitive practices, Al Arabiya reports. The Egyptian Competition Authority (ECA) issued a statement (pdf) following the ruling calling on the Qatari television network to end its monopolistic practices. The ECA […]
Posted inON YOUR WAY OUT
Snorkeling guide harasses Russian woman underwater
A snorkeling guide reportedly harassed a Russian tourist underwater while showing her around the coral reefs, another diver said on his Facebook page. The story, which has gone viral, is the latest several high profile harassment incidents lately, prompting Al Azhar to issue a statement condemning [redacted] harassment.