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LEGISLATION WATCH- The House of Representatives gave preliminary approval to part two of the Press and Media Act yesterday, but referred the legislation to the Council of State (Maglis El Dawla) for review before taking a final vote, Youm7 reports. The House’s Culture and Media Committee had decided on Saturday to split part two of […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Qualified companies for GEM operation bids to be announced by mid-August
The Grand Egyptian Museum is now open for business: Investment Minister Sahar Nasr announced on Sunday the launch of the international tender for the management of facilities at the Grand Egyptian Museum (GEM). The USD 1 bn museum — USD 750 mn of which was funded through the Japan International Cooperation Agency — will host […]
Posted inUncategorized
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Posted inImage of the Day
A look back at historic summits between US presidents and other world leaders, including Sadat
A look back at Sadat and Carter’s meeting, among others in history, on eve of Trump and Kim summit: On the eve of US President Donald Trump’s highly-anticipated meeting with North Korean leader Kim Jong Un today, the Wall Street Journal looks back at other historical summits that have taken place over the past few […]
Posted inEGYPT IN THE NEWS
A quiet morning for Egypt in the foreign press
It’s a quiet morning for Egypt in the international press, with most news being focused on either the World Cup or the new-found resolution between Egypt and Ethiopia to overcome their issues over the Grand Ethiopian Renaissance Dam (see Diplomacy + Foreign Trade). A couple of other headlines that caught our eyes this morning: The […]
Posted inOn Deadline
The Ismail Cabinet will not be used as a scapegoat for tough times
Reforms are not about who’s in power: The expected hike in fuel and energy prices will be among the first items of business on the Madbouly cabinet’s agenda, which proves that progress on the implementation of economic reforms is not contingent on any specific person or group of people being in charge, Emad El Din […]
Posted inWorth reading
(Some) Developing countries have lower unemployment because people can’t afford not to work
Unemployment is lower in (some) developing countries than it is in richer nations because fewer people can afford not to work, according to the Economist. The magazine zones in on Asia, where unemployment rates are both low and “boringly stable,” largely because these countries do not offer the same jobless benefits as developed countries like […]
Posted inWorth watching
Microsoft attempts to boost energy efficiency through sunken data center
Microsoft has sunk an experimental data center off the coast of Orkney, Scotland, in bid to boost energy efficiency, BBC reports. Packed with enough computers to store five mn films, the submerged waterproof tube could sit on the seafloor for up to five years. The experiment hopes to demonstrate how storing data underwater can help […]
Posted inDiplomacy + Foreign Trade
Have Egypt and Ethiopia finally reached middle ground on GERD?
Have Egypt and Ethiopia finally reached middle ground on GERD? Egypt and Ethiopia agreed on adopting “a joint vision” on the construction of Grand Ethiopian Renaissance Dam (GERD) “based on mutual respect to the interests and development rights of the other,” Ittihadiya spokesman Bassam Rady said in a Sunday statement. President Abdel Fattah El Sisi […]
Posted inEnergy
Empower begins selling electricity to NDEDC from WtE plant in Kafr El Sheikh
Energy group Empower began selling power to the North Delta Electricity Distribution Company (NDEDC) from its 350-920 kWh biogas power plant in Kafr El Sheikh, where operations launched a few days ago, according to CEO Hatem El Gamal. The plant is currently selling electricity at a feed-in tariff rate of EGP 0.92 per kWh, but […]