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One in four youth in the Arab world is unemployed, and our failure to include women in the workforce is to blame: As youth unemployment reaches 25% in the Arab world, the IMF is urging further action on inclusive growth: “The Arab region has the highest level of youth unemployment in the world, averaging 25%, […]
Author Archives: enterpriseam admin
Posted inImage of the Day
Trump baby
Man, UK protestors are vicious: While it seems highly unlikely that US President Donald Trump saw this unflattering (yet accurate) balloon having tea with the queen on his first state visit to the UK, we really hope he did. By far one of the funniest effigies we’ve seen in a while (watch; runtime: 1:21).
Posted inEGYPT IN THE NEWS
HRW report tops coverage of Egypt
Topping coverage of Egypt in the foreign press on this very slow news morning is a Human Rights Watch report critical of the government. Egyptian authorities are using counterterrorism and state-of-emergency laws and courts “to unjustly prosecute journalists, activists, and critics for their peaceful criticism,” says the report.
Posted inOn Deadline
Gov’t must set parameters for private sector participation in developing Egypt’s railways
You likely don’t need the reminder, but still: It’s not just the state that’s suspicious of the private sector’s role in the economy. The government should set parameters for private sector participation in the development of Egypt’s railways to ensure the service remains accessible and affordable, says Heba Raslan. While opening up the country’s railway […]
Posted inWorth reading
Investment bankers are grossly overpaid — partially because they obfuscate what unique service they provide
Investment bankers are grossly overpaid for their services, partially because they obfuscate just what unique service they really provide, John Gapper writes for the Financial Times. “The secret to a bulging ‘success fee’ is less to obtain the best possible [outcome] than to make the chief executive and the board believe they got it. That […]
Posted inDiplomacy + Foreign Trade
South African delegation to visit in September to discuss framework for mango imports from Egypt
Cairo wants to begin exporting mangoes to Johannesburg,according to Al Mal. A delegation of South African agriculture and quarantine officials are expected to visit in September to meet with their Egyptian counterparts to set the framework for an agreement and inspect mango fields in Ismailia and Wadi El Natrun. Egyptian officials are also in talks […]
Posted inInfrastructure
Maritime and Land Transport Co. to develop second container terminal at East Port Said
It looks like Maritime and Land Transport Company, a subsidiary of the Port Said Container and Cargo Handling Company, will be taking on the contracts for the construction and management of another zombie project, the second container terminal at the port in East Port Said, holding company boss, Mohamed Youssef, tells Al Shorouk. This comes […]
Posted inInfrastructure
Damietta Port Authority to sign loan agreement with EIB to finance second container terminal
The Damietta Port Authority is set to sign a loan agreement with the European Investment Bank (EIB) to finance the establishment of a second container terminal, Authority head Ayman Saleh tells Al Shorouk. Saleh doesn’t provide any clarity on the timeline for the agreement. We had reported in February that the Damietta Port Authority was […]
Posted inBasic Materials + Commodities
Agriculture Ministry could take measures against subsidized fertilizer suppliers for missing monthly deliveries
The Agriculture Ministry is reportedly considering imposing sanctions on suppliers of subsidized fertilizers who have fallen behind on their monthly deliveries, creating a shortage in the market, ministry sources said yesterday. Manufacturers say they lose as much as EGP 250 per tonne on government contracts, which has led them to direct most of their output […]
Posted inManufacturing
OUD to tender Gulf of Suez industrial complex in 3 months
Oriental Weavers subsidiary Orientals for Urban Development (OUD) is planning to tender its Gulf of Suez industrial complex to investors in three months’ time, founder Mohamed Khamis said in statements carried by Al Shorouk The complex is set to house different manufacturers from across industries, including food, petrochemicals, and furniture.