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Renewable energy companies might pay 2% of their output for land rights: The government is looking to make renewable energy who have obtained land under a usufruct contract pay “2% of their annual output,” unnamed officials said yesterday. The move is meant to enforce order to a current haphazard system whereby different governorates charge different […]
Author Archives: enterpriseam admin
Posted inSpeed Round
House to look at family planning in the next House session
LEGISLATION WATCH- House to look at family planning in the next House session: House of Representatives Economic Committee Chair Mohamed El Emary has drafted a new law that would set incentives for those willing to cap their reproduction at two children, he tells Al Shorouk. The law would not work in the vein of China’s […]
Posted inSpeed Round
El Sisi, Netanyahu held “secret meeting” over Gaza ceasefire
El Sisi, Netanyahu held “secret meeting” over Gaza ceasefire: President Abdel Fattah El Sisi reportedly held a secret meeting in Cairo with Israeli Prime Minister Benjamin Netanyahu in May to discuss brokering a ceasefire in Gaza, Reuters reports, citing Israel’s Channel Ten News. Unnamed US officials told the channel that the two leaders “discussed Egypt’s […]
Posted inSpeed Round
Kuwait’s Agility and Centerbridge team up in Abraaj acquisition bid
Kuwait’s Agility and Centerbridge team up in Abraaj acquisition bid: Kuwait’s Agility took its intention to acquire part or all of beleaguered private equity firm Abraaj to the next level by teaming up with US-based Centerbridge Partners, sources told Reuters on Monday. The pair is reportedly interested in buying Abraaj’s investment management unit, with room […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
Governors shuffle coming after Eid break? A shuffle of the nation’s 27 governors will likely be announced after the Eid Al Adha break, an unnamed source from the Local Development Ministry tells Al Shorouk. The announcement of the shuffle has been postponed several times since reports of its imminence first broke in June, but sources […]
Posted inImage of the Day
Two pictures taken in Red Sea among winners of Underwater Photo Contest 2018
Two pictures shot in deep Red Sea waters were among the winners of Scuba Diving Magazine’s “Through Your Lens Underwater Photo Contest,” according to Lonely Planet. British photographer Jamie Hall won first place in the compact camera category for his shot of a moray eel off the coast of Tiran Island, while Ferenc Lőrincz claimed […]
Posted inEGYPT IN THE NEWS
Egypt raid kills six suspected militants in 6th October city
Topping coverage of Egypt in the foreign press this morning is news that security forces killed six suspected militants during a raid in 6 October City. Reuters and the Associated Press both have the story. The US’ release Egypt’s suspended military aid is a result of “distorted” US policies grounded in “persistent myths about Egypt,” […]
Posted inOn Deadline
Financial inclusion requires higher literacy rates, use of tech in daily life
Financial inclusion requires higher literacy rates, use of tech in daily life: The success of Egypt’s financial inclusion policy hinges on raising literacy rates and the degree to which people embrace technology, Dina Abdel Fattah writes for Amwal Al Ghad. While internet banking and e-payments are on the rise, the majority of payments in Egypt […]
Posted inWorth watching
Will Smith and robots just don’t click
Will Smith and robots just don’t click: Actor Will Smith went on a date with Sophia the Robot (who still gives us the creeps) — and ended up getting friendzoned. The hilarious encounter has Smith pulling out his charm in an attempt to woo Sophia, but even the romantic setting didn’t shield the Fresh Prince […]