Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Egyptian quarantine officials agreed yesterday to allow a shipment of Russian wheat to enter the country after first refusing it on the grounds that it had a level of ergot contamination that exceeded legal limits, unnamed port officials tell Reuters. Samples from the stalled grain shipment were reexamined in a Cairo lab and “results indicated […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Maersk bullish on investing in Egypt, says decision contingent upon higher port traffic
Maersk interested in Egypt opportunities, but appetite is dampened by low volumes, high port fees: Logistics and transport services provider Maersk is keen on expanding in Egypt and is currently studying opportunities in energy, infrastructure and fuel shipping through its office in Cairo, according to Technical Superintendent Lars Christensen, Al Mal reports. Christensen said the […]
Posted inSpeed Round
OTMT reports losses in 1Q2018
EARNINGS WATCH- Orascom Telecom Media and Technology (OTMT) reported a consolidated net loss of EGP 121.5 mn in 1Q2018, down from a net profit of EGP 388.4 mn the year before, according to an EGX filing.
Posted inSpeed Round
Abraaj exited CIRA to avoid impact of IPO lockup on IRR
CLARIFICATION- A friend of ours at the Abraaj Group passed on this note after our pickup yesterday of news that the private equity outfit had exited its stake in education play CIRA: “Abraaj invested with the Kalla family in 2014, and after four years and strong performance and growth of CIRA driven primarily by the […]
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
A population boom may not necessarily translate it into economic prosperity for African economies
A population boom may not necessarily translate into economic prosperity for African economies, Justin Fox writes for Bloomberg. While African countries theoretically stand to reap the greatest “demographic dividend” in the future as their populations continue to grow, a comparative analysis of the UN and World Bank’s global birth rate and age-dependency ratio projections points […]
Posted inImage of the Day
Sotheby's to auction King Farouk’s jewelry pieces
Jewelry that once belonged to Egypt’s King Farouk will be sold to the highest bidder at Sotheby’s in London on 6 June, according to Forbes Middle East. The collection includes a Van Cleef & Arpels diamond brooch, tie pins, cufflinks and a diamond purse handle.
Posted inEGYPT IN THE NEWS
Lebanese tourist detained, referred to criminal trial for insulting Egypt
On a blissfully quiet day for Egypt in the international press, coverage is largely confined to a Lebanese tourist being detained and referred to criminal trial on charges of insulting Egypt. Mona El Mazboh reportedly posted a video complaining about experiencing [redacted] harassment and poor restaurant service during her visit to Egypt, Reuters reports. El […]
Posted inWorth watching
Blue whale sighted in Red Sea for the first time ever
A blue whale was sighted last week off Egypt’s Red Sea coast for the first time in the Gulf of Aqaba. The Environment Ministry said on Thursday it has deployed teams to track and photograph the 24-30 meter whale, which is one of the world’s protected endangered species. Videos and images went viral on social […]
Posted inDiplomacy + Foreign Trade
El Sisi meets Sudan’s intelligence chief
President Abdel Fattah El Sisi met yesterday with Sudan’s intelligence chief in Cairo to discuss “bilateral issues,” according to an Ittihadiya statement. El Sisi had met with Sudan’s foreign minister last week for a similar sit-down ahead of a planned meeting between El Sisi and Sudanese President Omar Al Bashir in October.