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Our friends at AmCham are holding their annual general meeting and iftar next Tuesday, 29 May. Their guest speaker will be Education Minister Tarek Shawki, who will speak about the government’s “national strategy for education transformation in Egypt.” If our own little company’s iftar wasn’t scheduled for the same night, we’d attend: We don’t know […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 24 May 2018.
The nation’s talking heads are on hiatus, stuffing themselves with konafa while we toil through the Holy Month.
Posted inSpeed Round
Cabinet mounts push for state-owned companies start paying overdue energy bills; will channel funds to energy companies
EXCLUSIVE- Cabinet is pushing state-owned companies start paying overdue energy bills; will channel funds to energy companies: The Ismail Cabinet is pushing state companies falling under the umbrella of the Public Enterprise Ministry start paying overdue gas and electricity bills so that the government can accelerate payments to foreign energy companies and other contractors, sources […]
Posted inSpeed Round
Fuel prices could rise by as much 60% next fiscal year
Fuel prices could rise by as much 60% next fiscal year: Research firm Capital Economics expects the government to raise fuel prices by as much 60% in FY2018-19 to meet IMF fiscal targets. It sees rising global oil prices as the cause for this increase. “The government will now be forced to increase administered prices […]
Posted inSpeed Round
Gov’t to announce EGP 15 bn social protection package in July to offset rising prices
Gov’t to announce EGP 15 bn social protection package in July: The government is planning to further reinforce the social safety net at the beginning of July to offset the impact of the planned electricity and fuel hikes, unnamed government sources tell Al Mal. Prime Minister Sherif Ismail had previously announced the package would be […]
Posted inSpeed Round
Egypt and Russia finally sign contracts for USD 7 bn RIZ
Egypt and Russia finally sign contracts for USD 7 bn RIZ: Trade and Industry Minister Tarek Kabil signed the contracts to establish the USD 7 bn Russian Industrial Zone (RIZ) on Wednesday, according to a ministry statement. The long-awaited 50-year agreement will give Russian companies rights to develop a 5.25 mn sqm stretch of land […]
Posted inSpeed Round
Emaar Misr, El Nasr reach settlement agreement in Uptown Cairo land dispute
El Nasr Housing and Reconstruction appears to have accepted Emaar Misr’s offer to settle their dispute over land for Uptown Cairo, Public Enterprises Minister Khaled Badawy told the press yesterday, Al Mal reports. Badawy said state-owned El Nasr would have lost the international arbitration case it filed against Emaar last July. It’s claims are baseless, […]
Posted inSpeed Round
Transportation Ministry breaks ground on final phase of Cairo Metro Line 3
Officials broke ground yesterday on the third phase of Cairo Metro Line 3, a Cabinet statement says. Our friends at Orascom Construction began their tunneling work on the line right after Prime Minister Sherif Ismail gave the signal at a ceremony, according to an emailed statement (pdf), which explains that the project is being executed […]
Posted inSpeed Round
Tourism revenues up 83.3% y-o-y in 1Q2018, arrivals up 37.1% -state official to Reuters
Tourism revenues reportedly up 83.3% y-o-y to USD 2.2 bn in 1Q2018, an unnamed government official told Reuters. Tourist arrivals also grew 37.1% y-o-y to 2.38 mn visitors. Tourism in Egypt has been slowly recovering from the political upheaval and security concerns that had caused a downturn in the sector over the last several years […]
Posted inUncategorized
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