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Carnegie Endowment says the government isn’t doing enough to improve FDI: The Carnegie Endowment for International Peace is taking a short-term view when it comes to how foreign direct investment has responded to the economic reform measures. “After eighteen months of turbulent economic changes, foreign investors have shown remarkably little appetite for long-term investment in […]
Author Archives: enterpriseam admin
Posted inWorth reading
Nat Geo admits past ‘racist’ coverage
National Geographic is coming to grips with its racist past, publishing a full on mia culpa that its coverage had been racist for decades. Dedicating its April issue entirely to the subject of race, the publication asked University of Virginia’s African history professor John Edwin Mason to dig into 130-year archive and investigate its coverage […]
Posted inWorth watching
UK’s Eden Project plans to build rainforests around the globe to raise environment awareness
A welcome addition to Abdel Moneim Riad Square? The world’s largest indoor rainforest, the UK’s Eden Projectin southwest England, is looking to develop new indoor rainforest sitesaround the world with the aim of educating us about sustainability and the environment, according to CNN. The ecopark, which opened seventeen years ago in Cornwall, is built on […]
Posted inEnergy
Subsea 7 wins “sizeable” contract for West Delta Deep Marine project
Burullus Gas Company has awarded an engineering, procurement, installation and commissioning contract to Subsea 7 for the offshore West Delta Deep Marine Phase 9B project, Subsea announced, according to Oilfield Technology. Subsea did not disclose the value of the contract, saying only that it is “sizeable,” which it defines as ranging between USD 50-150 mn. […]
Posted inHealth + Education
Gov’t to tender phase two of the PPP schools program in mid-July
The government plans to issue a tender for the second wave of schools to be built and managed in partnership with the private sector in mid-July, said the head of the Education Ministry’s PPP office Amany El Far. The second phase of the program will see the ministry tender 100 plots of land for 100 […]
Posted inTourism
Belgian summer bookings to Egypt through Thomas Cook up almost twofold this year
Thomas Cook’s summer bookings to Egypt from Belgium are up 90% y-o-y this year, head of the company’s Egyptian partner Sky Max Hossam El Shaer tells Youm7. The increase comes on the back of Thomas Cook’s promotion of Egypt’s beach destinations. Egypt has now become one of the top five destinations for tourists around the […]
Posted inAutomotive + Transportation
Cairo Capital wants to distribute China’s GAC Motor with an eye towards manufacturing parts
Cairo Capital for Tourism Transport is in talks with China’s GAC Motor to become the licensed distributor of its buses in Egypt, Chairman Mohamed Hassan tells Al Mal. The company plans to sell an initial 1,000 buses and establishing an after-sale and maintenance center in Nasr City during the first year of the proposed partnership. […]
Posted inOther Business News of Note
Victory Link, Lebanon’s MDIC establish new e-payment JV
Digital solutions firm Victory Link and Lebanon’s Management and Development International Company (MDIC) will establish a new e-payments platform, with plans to invest EGP 100 mn in Egypt over the next two and a half years, COO Ahmed Ibrahim tells Al Mal. The new JV, which will officially begin operations by the year’s end, aims […]
Posted inON YOUR WAY OUT
Qalaa Holdings announces 16 scholars for its 2018-19 class.
Sixteen Egyptians will study at top global universities this fall after winning Qalaa Holdings Scholarships that provide them with a full ride to pursue graduate studies abroad provided they agree to return to Egypt after graduation. This year’s class of 16 scholars brings to 184 the number of scholarships awarded since the program began more […]
Posted inON YOUR WAY OUT
Death toll from the El Rawda Mosque attack reaches 312
Mansour Nasser became the final fatality of last November’s El Rawda mosque attack after succumbing yesterday to injuries sustained during the attack, Al Shorouk reports. His death raises the death toll from the attack to 312.