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CORRECTION- No, Eni is not allocating 70% of its global investment to Egypt: Widely circulated news in the domestic press last week claiming Eni will earmark 70% of its global investment to Egypt is not true, sources from the company told us yesterday. The story was corrected on our website. CLARIFICATION- We over-reached with our […]
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 inTHE MACRO PICTURE
More trouble in the offing for EMs
More trouble in the offing for EMs? Emerging market currencies are nearing their “all-time low,” which suggests that these economies are in for more turbulence as rising US interest rates and trade tensions with China continue to add strain to the global economy, according to the FT. Pressured by a strong USD, liquidity shortages, and […]
Posted inImage of the Day
Mo Salah featured in art exhibition at St. Petersburg
A portrait of Egyptian footballer Mohamed Salah by Italian artist Fabrizio Birimbelli is on display at the at the Museum of the Russian Academy of Arts in St. Petersburg, according to Egypt Independent. The ‘Like the Gods’ exhibition features paints portraits of footballing legends, both past and contemporary, including Diego Maradona, Lionel Messi, Cristiano Ronaldo […]
Posted inEGYPT IN THE NEWS
Ramadan comedies anger Arab audiences with racist humor
It’s a slow news day for Egypt in the international press, with news dominated by talk of our imminent exit from the 2018 World Cup (even Mona Eltahawy is getting in on the act in the New York Review of Books). Also getting a bit of attention: Wire service reports on the latest three-month extension […]
Posted inWorth watching
Stronger concrete that’s also good for the industry’s environmental footprint?
Construction — one of the world’s largest and most polluting industries — is due for another disruption, and Canadian startup CarbonCure says it holds the key. The company claims to have devised a way to make concrete using less cement while also trapping harmful CO2 emissions. The process of making concrete usually requires superheating calcium […]
Posted inDiplomacy + Foreign Trade
Diplomacy + Foreign Trade on 25 June 2018
A tripartite scientific committee began meetings on the Grand Ethiopian Renaissance Dam (GERD) on Saturday in Khartoum, Al Masry Al Youm reports. The meeting will address observations of Egypt and Sudan on a proposal submitted by Ethiopia on filling the dam’s reservoir, the newspaper says. The committee came about following the breakthrough in talks between […]
Posted inEnergy
SDX Energy highlights progress on three successful wells
SDX Energy gave a progress report on it operations in Egypt and Morocco, with the firm being particularly pleased with the progress on three of its four Egypt wells. “We are looking forward to first gas in South Disouq expected at the end of the year and are excited by the new Kafr El Sheik […]
Posted inBasic Materials + Commodities
Egypt to begin exporting citrus, grapes to Uruguay
Egypt will begin exporting citrus and grapes to Uruguay during the upcoming harvest season, Agriculture Minister Ezzedin Abou Setit said on Thursday, according to the State Information Service. Egyptian and Uruguayan officials had recently held talks on maintaining quality standards in Egypt’s agricultural exports, according to the minister.
Posted inHealth + Education
11 UK universities in Egypt this week to explore opening branches opportunities
Representatives from 11 UK universities are in Egypt this week to discuss with counterparts and officials the potential for setting up local branches, UK Ambassador to Egypt John Casson said in a tweet on Sunday. Higher Education Minister Khaled Abdel Ghaffar signed an MoU earlier this year with the UK Universities Minister Sam Gyimah that […]