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NUCA, OHC resolve another outstanding real estate dispute: The New and Urban Communities Authority (NUCA) reportedly reached an agreement with Orascom Housing Communities (OHC) to settle their dispute over 350 feddans belonging to the Ashgar City project in 6 October, company sources tells Al Shorouk. OHC will be allowed to complete construction work on the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
El Sisi declares 2019 the Year of Education
El Sisi declares 2019 the “Year of Education”: 2019 will be Egypt’s “year of education,” President Abdel Fattah El Sisi declared during the second day of this month’s youth conference at Cairo University. Human development is a key pillar of the government’s vision, the president said, so his administration’s human development strategy will not only […]
Posted inSpeed Round
ENR boss sacked after train derailed, injuring six
ENR boss sacked after train derailed, injuring six: Transport Minister Hisham Arafat sacked Egypt National Railways (ENR) Chairman Sayed Salem after six people were injured when a train derailed on the Cairo-Aswan line yesterday, the Associated Press reports. The victims, who are said to be suffering from “minor wounds,” were transported to the Kom Ombo […]
Posted inSpeed Round
Tensions flare between US and Turkey over US pastor’s imprisonment
AROUND THE WORLD- Tensions flare between US and Turkey over US pastor’s imprisonment: Turkish strongman Recep Tayyip Erdogan said yesterday that Ankara would “stand its ground” in the face of US sanctions that President Donald Trump threatened to slap the country with over the imprisonment of US Pastor Andrew Brunson. Bronson is being accused of […]
Posted inUncategorized
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Posted inUp Next
What we’re tracking this week and beyond
FEI tax committee to look into remarks on new Customs Act on Wednesday: The Federation of Egyptian Industries’ (FEI) tax committee will meet on Wednesday to discuss the FEI’s divisions’ remarks on the Finance Ministry’s new Customs Act, committee chair Mohamed El Bahey said, according to Al Shorouk. Bahey had said last week that their […]
Posted inImage of the Day
Final days for S. Hinhayat watch shop in Maspero Triangle
Cairo’s oldest watch workshop may be shutting down. The 111-year-old S. Hinhayat is one of a number of shops in the Maspero Triangle area that face demolition orders as part of the government’s redevelopment plans, according to Ahram Online.
Posted inEGYPT IN THE NEWS
El Sisi’s comments from the Youth Conference top coverage of Egypt
Of youth conferences and “Kiki” challenges: President Abdel Fattah El Sisi’s comments on austerity measures and the “Kiki dance” from the Youth Conference topped headlines on Egypt in the foreign press this morning. Other headlines worth noting in brief: President Abdel Fattah is ‘upset’ over recent social media posts urging him to step down, according […]
Posted inOn Deadline
Why is everyone so scared of the “privatization” bogeyman?
Why is everyone so scared of the “privatization” bogeyman? It’s about time Egypt gets over its unfounded fear of using the word “privatization” when discussing the future of state-owned companies, Abdel Moneim Saeed writes for Al Masry Al Youm. State-owned companies are generally badly managed, are not transparent and do little to improve themselves. Saeed […]
Posted inWorth reading
The boom of the high-end global art market that coincided with the 2008 financial crisis
The global art market is still in a turbulent boom that began with the 2008 financial crisis and the collapse of Lehman Brothers, Georgina Adam writes for the Financial Times. On the same day as the collapse of Lehman Brothers, a two-day auction in London racked in far more than had been anticipated, a development […]