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Court drops final lawsuit against Ahmed Ezz on money laundering charges: The Cairo Criminal Court issued yesterday a decision dismissing the final corruption lawsuit raised against steel tycoon Ahmed Ezz for corruption, as per his reconciliation agreement with the government, Al Mal reports. Ezz and three other defendants in the lawsuit had reached a EGP […]
Author Archives: enterpriseam admin
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
Dar Al Ifta announced the first day of Eid Al Adha will be Tuesday, 21 August, with Waqfat Arafat taking place on Monday. Expect most people to also take next Sunday off to bridge into a full nine-day vacation. Governors shuffle coming after Eid break: A shuffle of the nation’s 27 governors will likely be […]
Posted inEGYPT IN THE NEWS
Monk’s arrest over bishop’s murder tops foreign headlines on Egypt
Monk’s arrest over bishop’s murders tops foreign headlines on Egypt: The arrest of ex-monk Ash’eyaa El Makary for the murder of Bishop Epiphanius at the St. Macarius monastery in Wadi El Natroun is making top headlines on Egypt in the int’l press on what is otherwise a blessedly slow news day. The Guardian and Irish […]
Posted inOn Deadline
Columnists are still grumbling about the real estate tax
Columnists are still grumbling about the real estate tax: The Finance Ministry’s target of collecting EGP 5 bn from the real estate tax does not warrant the amount of trouble the government is putting people through to pay the levy, Mahmoud Khalil writes for El Watan. By Khalil’s calculations, reaching the EGP 5 bn mark […]
Posted inWorth reading
MENA region weather could soon go from uncomfortable to unlivable
MENA region weather could soon go from uncomfortable to unlivable: If the successive heat waves we’ve been experiencing this summer in Egypt didn’t tip you off, experts are calling it: Climate change is well on its way to making the Middle East and North Africa “unlivable,” according to NBC News. Egypt is struggling with a […]
Posted inWorth watching
Mn Pound Menu is out on Netflix
Attention foodies, fans of cooking shows, and fans of Dragons’ Den. “Mn Pound Menu” — one of the best cooking shows we’ve seen in quite some time — is now out on Netflix. The concept of the BBC 2-produced show blends the sensory culinary delight that comes with watching a good cooking show and the […]
Posted inDiplomacy + Foreign Trade
Egypt, Tunisia to set up coordination council to increase investment cooperation
Egypt and Tunisia agreed on Sunday to establish a joint investment cooperation council, according to an Investment Ministry statement. The agreement came during a meeting in Cairo yesterday between Tunisian Trade Minister Omar Bahi, his Egyptian counterpart Amr Nassar, and Investment Minister Sahar Nasr, where the two sides also highlighted the need to boost economic […]
Posted inBasic Materials + Commodities
Aton has until February next year to submit feasibility studies for West Hamama Concession
Egypt’s Mineral Resources Authority (EMRA) gave Canada’s Aton Resources until the end of February 2019 to submit a feasibility report on gold exploration activities at the West Hamama concession, sources with knowledge of the matter tell Youm7. Aton, which is trying to acquire a 20-year exploitation license, had announced last week that EMRA accepted its […]
Posted inManufacturing
E&M to establish EGP 500 mn LED bulb-manufacturing complex
The International Arabic Company for Electric Industries (E&M) announced plans to construct a EGP 500 mn factory complex in Badr City to manufacture LED lights. The complex, which will be built over 43,000 sqm, will start operating sometime next year, company Director Ahmed Ibrahim tells Al Shorouk.