Egypt, World Bank sign agreement to launch USD 600 mn second phase of rural sanitation project: Egypt signed yesterday an agreement with the World Bank to begin implementing the second USD 600 mn phase of the WB-funded rural sanitation project, according to an Investment Ministry statement. The second phase, which will be financed by the […]
Author Archives: enterpriseam admin
El Sisi issues presidential decree keeping governors in place
No shakeup of governors … for now: President Abdel Fattah has decided to keep the nation’s governors in place for the time being pending a wider shuffle, according to a presidential decree published in the Official Gazette yesterday. It is unclear when the new appointments are anticipated. The Local Administration Act stipulates that governors and […]
Former Canary Wharf executive hired by Saudi gov’t for Red Sea tourism project
MOVES- Former Canary Wharf executive hired by Saudi gov’t for Red Sea tourism component of NEOM. The Saudi government appointed John Pagano (LinkedIn) as CEO for its new joint stock Red Sea Development Company (RSDC), according to Asharq Al-Awsat. The company will oversee the tourism projects KSA plans develop on its side of the Red […]
Egypt announces World Cup squad
Mo Salah made the final lineup of Egypt’s World Cup squad, according to the Egyptian Football Association (EFA). Salah appears to be showing positive signs of recovery from his shoulder injury. The story is being widely picked up by the foreign press, with the Associated Press noting that the Liverpool top scorer “almost single-handedly led […]
CORRECTION- In last week’s story on internet subscribers in Egypt reaching 40 mn in FY2017-18, we mistakenly noted that mobile internet users were down to 100.2 mn. It was total SIM cards in circulation that had dipped slightly to 100.2 mn. The story has been corrected on our website.
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Qatar smackdown anniversary is the only Egypt non-football related coverage
Qatar smackdown anniversary is the only Egypt non-football related coverage: Beyond coverage of Egypt’s World Cup preparation, the only Egypt-related story gaining traction in the foreign press is its part in the year-long boycott of Qatar. There’s nothing particularly noteworthy in the coverage aside from Saudi Arabia’s threat this week to launch a military attack […]
Economic reforms would meet less resistance if the gov’t seemed more cautious in its spending
Tough economic reforms would meet less popular resistance if the government seemed to be more cautious in its spending, Emad El Din Hussein says in a column for Al Shorouk. Hussein argues that people who are faced with prices hikes are wont to nitpick at the government’s expenditures, and are likely to feel like they’ve […]
Embracing authoritarianism is an expected reflex to the cruelty of free markets
The embrace of authoritarianism is an expected reflex reaction to the cruelty of free markets. At least that’s what Brandeis University professor Robert Kuttner postulates in his book, “Can Democracy Survive Global Capitalism?” Caleb Crain writes for the New Yorker. Kuttner’s argument is grounded in Hungarian intellectual Karl Polanyi’s theory from the 1930s that essentially […]
SDX starts drilling new appraisal well at South Disouq
SDX Energy announced on Monday (pdf) that it started drilling works on the SD-4X appraisal well at its South Disouq concession. The well — the first of two planned appraisal wells in the company's 2018 drilling campaign at South Disouq — will take up to 30 days to drill.