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How correct is the notion that a weaker currency means higher exports? Conventional wisdom says the bigger the fall in a country’s currency, the greater the rise in its export volumes. It was, you’ll remember, touted as one of the secondary benefits of the late 2016 float of the EGP. However, according to current and […]
Author Archives: enterpriseam admin
Posted inSpotlight
How the European Union’s new data protection regulation affects your business here in Egypt
A new regulation that goes into effect in the European Union tomorrow could have an impact on every Egyptian business with a website. We asked our friends at Sharkawy & Sarhan Law Firm for a primer on what it means to all of us and how to be prepared for it: Here’s how the European […]
Posted inEGYPT IN THE NEWS
Activist Wael Abbas
Egypt’s human rights record is black in the spotlight for the foreign press after the arrest yesterday of blogger and activist Wael Abbas. Rights groups are saying that move is part of a campaign to silence government critics, Reuters reports. “The roundup appeared to be one of the most far-reaching since the government clampdown that […]
Posted inWorth reading
How exactly does plastic factor into how our planet is faring?
How exactly does plastic factor into our planet’s health? The global plastic waste crisis is very much real and National Geographic has the numbers and infographs to prove it. According to the magazine, 18 bn pounds of plastic waste ends up in the planet’s oceans every year — a number that could likely be reduced […]
Posted inWorth watching
How cotton was grown in 1940s Egypt
A video released by the British Pathé news archive shows how cotton was grown in Egypt, during the haydays of the 1940s (watch, runtime: 08:32). The silent footage demonstrates the steps of cotton cultivation, from preparing the land and irrigation to sowing the cotton seed and harvesting the crops. Film nerds with a thing for […]
Posted inDiplomacy + Foreign Trade
Sisi meets with Jordan's King Abdullah II
President Abdel Fattah El Sisi met with Jordan’s King Abdullah in Cairo yesterday, according to an Ittihadiya statement. The two leaders discussed regional issues, particularly the latest developments on the Gaza crisis. They reiterated the need to resume direct Palestinian-Israeli negotiations for a two-state solution.
Posted inDiplomacy + Foreign Trade
Egypt gets EGP 3.2 mn grant from Spain for National Judicial Studies Center
Egypt gets EGP 3.2 mn grant from Spain for National Judicial Studies Center: Investment and International Cooperation Minister Sahar Nasr signed yesterday a EGP 3.2 mn grant agreement with the Spanish government for the Justice Ministry-affiliated National Center for Judicial Studies, according to an emailed statement (pdf). The grant will help cooperation with Spain in […]
Posted inEnergy
Tharwa Petroleum readies to drill in North Sinai’s Noor concession
Tharwa Petroleum is waiting for final gas exploration approvals to begin drilling in the Noor concession in North Sinai, a company source says. The number of wells to be drilled will be determined once the contracts are signed, they added. The Cabinet had approved earlier this month a USD 105 mn exploration agreement with Eni […]
Posted inEnergy
Oil Ministry wants Haliburton to advise on maturing fields
Oil Minister Tarek El Molla met with Halliburton’s Executive Vice President of Global Business, Eric Carre, on Wednesday to discuss the possibility of the company advising the ministry on strategies on further development on maturing fields, according to an Oil Ministry statement. They also discussed progress on the seismic database currently being developed to market […]
Posted inInfrastructure
Gov’t to turn Minufiya landfill into EGP 40 mn recycling plant
The government is planning to launch development on a EGP 40 mn recycling plant today on the site of what was once an informal landfill in Minufiya, according to a statement from the Ismail Cabinet. The Abu Kharita landfill, the largest of its kind in Egypt, was recently cleared from nearly 280k tonnes of garbage […]