Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
ACWA considers IPO “sooner rather than later”: As talk of the anticipated Aramco IPO fades in the media, the focus is back on power plant developer ACWA. The Saudi firm, which boasts a strong portfolio of projects in Egypt, is considering an IPO “sooner rather than later” to help feed its growing need for cash, […]
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 inEGYPT IN THE NEWS
Egypt in the News on 27 June 2018
Egypt part way with Cuper. News on the Pharaoh's national football team is still topping coverage of Egypt this morning as they land in Cairo following their three defeats. It’s official, Egypt’s coach Hector Cuper’s contract will not be renewed, the Egyptian Football Association (EFA) announced yesterday, adding that they will be holding a presser […]
Posted inOn Deadline
A call for research on benefits of consolidating government ministries by common functions
Consolidate cabinet portfolios? The columnist writing under the pseudonym Newton for Al Masry Al Youm argues that a streamlined cabinet would make sense — and result in a more efficient government. He suggests, as an example, that the antiquities, tourism and (quite randomly) civil aviation ministries could all be rolled into the culture ministry — […]
Posted inWorth reading
Tobacco companies in the Middle East and Africa need to be slapped with more taxes, restrictions
Tobacco companies in the Middle East and Africa need to be slapped with more taxes, restrictions: The Middle East and Africa are two regions that are bucking the downward global trend on tobacco use, largely because governments aren’t imposing high enough taxes take too-loose an approach to the regulation of tobacco products, Bloomberg’s editorial board […]
Posted inWorth watching
Underwater “octopus city” upends conventional wisdom on gloomy octopuses’ social behavior
Scientist discover the Octopus version of Cairo in Australia: Marine biologists discovered an underwater octopus “city” off the coast of Australia that has upended conventional wisdom that “gloomy” octopuses are antisocial, according to Smithsonian Magazine. Scientists had previously thought this species of octopus avoided social interactions beyond mating, but a group of researchers observing the […]
Posted inDiplomacy + Foreign Trade
WFP approves USD 454 mn five-year strategic plan for Egypt
WFP approves USD 454 mn five-year strategic plan for Egypt: The UN World Food Programme’s (WFP) executive board has approved a USD 454 mn five-year strategic plan for Egypt, according to Egypt’s Permanent Representative to the UN in Rome, Hisham Badr. The WFP’s plan (pdf) “focuses on strengthening national capacity to tackle the underlying causes […]
Posted inDiplomacy + Foreign Trade
Hamas delegation to head to Cairo to discuss Gaza-Sinai commerce zone
A Hamas delegation is expected to visit Cairo this week discuss a plan to build a joint commercial zone in Gaza with Egyptian intelligence officials, according to a report by Lebanon’s Al-Akhbar, picked up by Haaretz. Egypt reportedly intends to move forward with the plan regardless of Hamas’ objections, sources said. The visit comes a […]
Posted inInfrastructure
SCA in talks with unnamed Gulf banks for EUR 300 mn to finance dredger purchase
The Suez Canal Authority (SCA) is in talks with unnamed Gulf banks for a EUR 300 mn loan to finance its agreement with Dutch Royal IHC to purchase two dredgers, three separate sources tell Reuters’ Arabic service. A consortium made up of CIB, the National Bank of Egypt, Banque Misr, and the Arab African International […]
Posted inBasic Materials + Commodities
GASC purchases 120k tonnes of Russian wheat
The General Authority for Supply Commodities (GASC) purchased 120k tonnes of Russian wheat in an international tender yesterday, according to Reuters’ Arabic service. The Russian offer from Aston was the lowest at USD 201.95 per tonne free-on-board, traders said yesterday. The wheat is scheduled for delivery between 11-20 August.