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Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
IMF takes the middle ground in the military’s role in the economy debate
IMF weighs in on the military’s role in the economy debate: Although The Egyptian military’s economic activities “aren't particularly in contradiction with the IMF policy,” it's up to the state to establish a “fast-growing economy whose main pillar [ought to be] the private sector rather than the public sector or the state,” IMF mission chief […]
Posted inOn Deadline
Egypt’s path towards growth will not be as successful without the private sector
Egypt’s path towards growth after reforms will not be as successful without the full inclusion of the private sector, Magda Shahin writes for Al Shorouk. Shahin lauds the state for remaining steadfast in its drive to implement reforms, but notes that excluding the private sector would be a hindrance. Al Masry Al Youm’s Aly El […]
Posted inDiplomacy + Foreign Trade
Kushner, Greenblatt meet with Sisi to discuss Israel-Palestinian peace process
Is the Trump administration looking to Sinai as the lynchpin of its Middle East peace plan? White House adviser Jared Kushner and special envoy Jason Greenblatt met with Egyptian President Abdel Fattah El Sisi on Thursday for the third leg of a Middle East tour to promote the Trump administration's new peace plan for the […]
Posted inDiplomacy + Foreign Trade
Egypt, Sudan Trade ministers agree to clear barriers for trade, investment
Trade and Industry Minister Amr Nassar spoke with his Sudanese counterpart on easing obstacles to trade and investment, the ministry said in a statementon Wednesday. The “obstacles” referenced here likely allude to the boycott of agriculture goods Sudan had imposed since in May 2017.
Posted inEnergy
Chinese consortium lands Hamrawein coal plant tender
The Egyptian Electricity Holding Company (EEHC) awarded a Shanghai Electric-Dong Fang-Hassan Allam consortium the tender for the 6 GW Hamrawein “clean coal” power plant, Al Ahram reports. The consortium, which edged out an Orascom Construction-Elsewedy Electric-Mitsubishi Hitachi consortium and GE, had reportedly presented the lowest offer for the construction of the plant at USD 4.4 […]
Posted inON YOUR WAY OUT
Koko the gorilla dies at age 46
Koko the gorilla, who used sign language and was a friend of Mr. Rogers and Robin Williams, has died. The 46-year-old gorilla captured the imagination of children in the 1970s and 1980s and was twice on the cover of National Geographic (once in an image she took herself). Koko and her pet cat All Ball […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.82 | Sell 17.92 EGP / USD at CIB: Buy 17.81 | Sell 17.91 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Thursday): 16,346 (+1.3%) Turnover: EGP 740 mn (30% BELOW the 90-day average) EGX 30 year-to-date: +8.8% THE MARKET ON THURSDAY: The EGX30 ended […]
Posted inCALENDAR
25 June (Monday): Egypt plays against Saudi Arabia at 2018 World Cup, Volgograd, Russia. 28 June (Thursday): CBE’s Monetary Policy Committee meeting. 29 June (Friday): IMF’s executive board meeting to review progress on Egypt’s reform program. 1 July (Sunday): Application deadline for the DigitalAG4Egypt Challenge. 16 July (Monday): Cairo Court of Appeals to issue ruling […]
Posted inSpeed Round
Enterprise is off today (21 June 2018)
Good morning, friends, Enterprise is taking an editorial break today to give our various teams, who work at varying hours, a chance to meet to discuss all the stuff we have planned for the future — and how we can produce a better Enterprise for you today. We appreciate your patience, and we’ll return to […]