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We anticipate this to be a frequent talking point in the foreign press: Former New York Times Cairo bureau chief David Kirkpatrick’s book Into the Hands of the Soldiers, which details his coverage of the deposition of Ikhwan-era president Mohamed Morsi and its handling by Obama administration, won a rave review from the Guardian’s Lloyd […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Columnists are preoccupied with the teenagers who were detained for smuggling goods
The nation’s columnists are largely preoccupied with the minors who were detained for smuggling goods out of Ismailia and the infamous news reporter who interviewed them. Amr El Shobaki and Waguih Wahba each take to the pages of Al Masry Al Youm to lambast Rassd’s Salwa Hussein her interview, which El Shobaki says is full […]
Posted inWorth reading
Political ideologies are clearly split between a “metropolitan elite and a populist hinterland”
There is a clear “split between a metropolitan elite and a populist hinterland” when it comes to political ideology, and Egypt is no exception, Gideon Rachman writes for the Financial Times. This divide is behind the rise of many right-wing nationalist leaders around the world who are disavowed by residents of big cities, suggesting that […]
Posted inWorth watching
60-second crash course in economics
The Open University has a series of 60-second crash course videos on its YouTube channel for virtually every major discipline there is. Take this “adventure in economics” video for instance, which takes you through the motions of development of economic theory, briefly explaining concepts such as the invisible hand and free market economy, among others, […]
Posted inDiplomacy + Foreign Trade
Hamas accepts Egyptian-brokered ceasefire agreement with Israel
Senior Hamas officials have reportedly accepted the terms of an Egypt and UN-proposed ceasefire agreement with Israel on the condition of eased border restrictions, according to Jerusalem Online. Senior Hamas leaders returned to Gaza from Cairo last week to discuss with other local leaders the proposed plan, which involves a prisoner swap and the construction […]
Posted inEnergy
Afreximbank provides a USD 200 mn loan to finance state-owned MIDOR expansion plans
The EGPC received a USD 200 mn loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR’s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted as financial adviser for the […]
Posted inEnergy
ACWA Power Egypt frontrunner to develop a 200 MW Kom Ombo solar power plant
ACWA Power Egypt is a top contender for the contract to develop a 200 MW solar power plant in Kom Ombo in Upper Egypt, having presented the lowest feed-in tariff rate of EGP 2.73 per kWh, Regional Director Hassan Amin tells Amwal Al Ghad. Amin did not disclose the expected investment value or timeline for […]
Posted inEnergy
XD-Egemac to begin operating three transformer stations connecting Benban solar plants to grid
XD-Egemac is set to begin operating three new transformer stations connecting the Benban solar farm to the national grid by the end of the month, company chairman Medhat Ramadan tells Amwal Al Ghad. The company had already begun operating one station last October, and is currently running trial operations on the remaining three. The four […]
Posted inManufacturing
Badr expected to see 700 new factories completed by end of FY2018-2019
Investors are expected to have completed the construction of 700 new factories in Badr Industrial City by the end of FY2018-19, head of the Badr City Investors Association Bahaa Adly tells Amwal Al Ghad. Textiles are expected to be the predominant industry in the area, but factories for the manufacturing of textiles, engineering, chemicals, and […]
Posted inTourism
Egypt’s nature reserves will be made available to investors under usufruct framework
The Environment Ministry is drafting legislation that would create a national authority for natural protectorates, Environment Minister Yasmin Fouad said yesterday, Al Mal reports. The ministry intends to tender off 30 protectorates to be developed and managed by the private sector, with the first batch set to include Wadi Degla, the Petrified Forest, and Ras […]