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Topping coverage of Egypt in the foreign press this morning are repeated wire pickups of Egypt’s debt growing to USD 88.2 bn in 3Q2017-18. As David Kirkpatrick’s book on the upheavals in Egypt between 2011 and 2013 hit the stands yesterday, and reviews and commentary have begun flooding the foreign press. NPR’s Terry Gross had […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Other headlines worth noting in brief
How slow a news day was it? Reuters is running a story on a snake charmer in Sharm El Sheikh.
Posted inOn Deadline
Giving foreign residents Egyptian citizenship is an economic, not cultural, issue
Giving foreign residents Egyptian citizenship in exchange for money is an economic policy and should be discussed as such, Abdel Moneim Salama writes for Al Masry Al Youm. Many Egyptian nationals decried the recently-passed law allowing foreign residents to obtain citizenship in exchange for a EGP 7 mn bank deposit as an infringement on the […]
Posted inWorth reading
Investment in infrastructure today can help drive economic growth for millennia
Today’s infrastructure investment can help drive economic growth for millennia — look no further than the Roman Empire’s legacy in Europe: A group of Danish economists have put forth a theory that infrastructural investment is one of the main drivers of economic growth and development, which could explain why contemporary Europe is as prosperous and […]
Posted inDiplomacy + Foreign Trade
Egypt receives USD 350 mn from BADEA to support private sector development
Egypt receives USD 350 mn from BADEA to support private sector development: Egypt recently received a USD 350 mn loan from the Arab Bank for Economic Development in Africa (BADEA) to support private sector growth, Investment Minister Sahar Nasr said yesterday. The loan primarily targets sectors like banking and finance, with an eye towards encouraging […]
Posted inManufacturing
Construction of a new industrial complex in Minya is due to begin December
A number of unnamed Egyptian investors plan to break ground in December on a new industrial complex specializing in the production of home- and kitchenware, with initial investments of around EGP 300-400 mn, Cairo Chamber of Commerce’s Fathy El Tahawy tells Amwal Al Ghad. The 80k sqm complex in Minya will host five factories. Construction […]
Posted inTourism
Cyprus’ Cobalt Air plans to launch Cairo-Cyprus route in November
Cypriot airline Cobalt Air is planning to begin operating four weekly flights from Cyprus to Cairo in November, head of the airline’s local agent Elhamy El Zayat tells Al Shorouk. The route is pending approval from the Civil Aviation Ministry, according to El Zayat.
Posted inBanking + Finance
CI Capital managing pharma company listing on the EGX, European listing, alongside other projects this year
CI Capital has a number of transactions in its pipeline in sectors including tourism, real estate, manufacturing, and pharma, Managing Director Tarek Tantawy said yesterday. The company expects to complete the listing of a pharma manufacturer on the EGX in 3Q2018, according to Tantawy, who didn’t disclose the name. CI Capital is also participating with […]
Posted inBanking + Finance
El Etreby discusses Banque Misr plans to open an office in China
Banque Misr Chairman Mohamed El Etreby spoke to Xinhua about plans to open an office in Beijing, after the bank launched an office in Guangzhou last year.
Posted inEgypt Politics + Economics
Supreme Media Council tightens grip on television broadcast agreements
The Supreme Media Council issued a decision yesterday requiring television networks to request the council’s sign-off on airtime purchase agreements, Al Shorouk reports. Networks will be required to present documents ensuring that the content that will be broadcasted during the purchased airtime will not incite violence or spread rumors and otherwise adheres to media standards. […]