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Egypt dropped 18 places to rank 67th on the World Bank’s 2018 Logistics Performance Index. The index ranks 160 countries based on their trade logistics performance, including infrastructure, quality of service, shipment reliability, and border clearance efficiency. Egypt’s performance has worsened in all of the six sub-indices compared to 2016. Germany retained its position at […]
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
It’s interest rate week in the developed nations, and bonds are taking it on the chin: The Bank of Japan reviews interest rates today, the US Fed meets on rates this Wednesday, and the Bank of England follows suit on Thursday. Bond prices have come under pressure as a result, the Financial Times says, “pushing […]
Posted inEGYPT IN THE NEWS
Freedom of speech tops coverage of Egypt in the foreign press
Freedom of speech in Egypt once again topped coverage in the foreign press this morning, particularly as Reporters Without Borders issued a warning against increasing hostility towards the media in countries including Egypt. “Hostility towards the media from political leaders is no longer limited to authoritarian countries such as Turkey and Egypt, where ‘media-phobia’ is […]
Posted inEGYPT IN THE NEWS
Reuters backs US move to unfreeze USD 195 mn in military aid
Former US military official backs US move to unfreeze USD 195 mn in military aid in Reuters commentary piece: The debate on whether Washington should have released the USD 195 mn in military aid to Egypt it froze last year continues, with a former senior US military commander firmly advocating in favor of the move. […]
Posted inOn Deadline
Who’s paying for Egypt’s education reform program?
Who’s paying for Egypt’s education reform program? In light of the state’s clear policy direction to reform Egypt’s education program, the most important question to ask now is how these reforms will be financed, Soliman Gouda writes for Al Masry Al Youm. Gouda points to the example of former Moroccan Education Minister Rachid Belmokhtar, who […]
Posted inWorth reading
Banks are hosting summer programs to get in early with young heirs
Global banks are hosting summer programs to get in early with young heirs who will soon become “the world’s most sought-after clients” for wealth managers — a Camp Rich, if you will, Bloomberg’s Suzanne Woolley says. Banks are realizing that they cannot dismiss young heirs or the potential business they bring, so they’re working to […]
Posted inWorth watching
Life returns to Egypt’s Al Arish amidst ongoing anti terrorism operations
Life appears to be returning to Al Arish: Students are back in classes, buses and taxis are back on the streets, and food is back in the market, signalling the return of life to North Sinai’s Al Arish, whose streets have been vacant over the last several months while a military campaign raged on against […]
Posted inDiplomacy + Foreign Trade
Egypt brokers a second ceasefire agreement between rival Syrian factions
Egypt has brokered a second ceasefire agreement between rival Syrian opposition factions, Xinhua reports, citing MENA. The agreement, which the factions signed in Cairo yesterday, comes two weeks after Egypt managed to mediate a similar reconciliation between armed groups in Syria. Under the agreement, “rival groups will join anti-terror activities in Syria as well as […]
Posted inEnergy
EGPC signs USD 46 mn oil and gas exploration agreement with BP
The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate. The agreement also includes a USD 4 mn to cover the cost of drilling three wells. The Oil Ministry said it […]