Author Archives: enterpriseam admin

Don’t celebrate quite yet: as is the case whenever we start cozying up to our southern neighbor Sudan, we face a hurdle: They don’t like our TV. Khartoum has summoned Egypt’s ambassador to deliver an official complaint over a TV show involving Egyptian terrorists living in the country, according to a Sudanese Foreign Ministry statement. […]

Gov’t pushing through stalled large-scale power projects including the Hamrawein power plant? The government began yesterday studying offers from three consortia for the 6 GW Hamrawein “clean coal” power plant, according to a Cabinet statement. A Shanghai Electric-Dong Fang-Hassan Allam consortium reportedly priced the development at USD 4.4 bn, making it the lowest offer received. […]

Another step toward the Automotive Directive? Trade Minister Tarek Kabil issued yesterday a decree forming a committee in charge of implementing higher local content requirements for domestic assemblers and manufacturers. The committee will draft the executive regulations to the ministry’s directive from last month that requires 46% of the components of domestically-assembled cars to be […]

BUDGET WATCH- Spendthrift MPs want an additional EGP 90 bn in spending for the next budget: Parliamentary committees have recommended a total of EGP 90 bn in new spending under the FY2018-19 budget, Rep. Samir El Batikhytells Al Shorouk. Health and education get the lion’s share of the new earmarks, with parliament’s education committee looking […]

LEGISLATION WATCH- House Legislative Committee nixes mediation clauses from Economic Courts Act: The House of Representatives’ Constitutional and Legislative Committee removed clauses related to the mediation of disputes from the Economic Courts Act, Rep. Khaled Hanafy tells Al Mal. Members of the committee, who should begin reviewing the act once they’ve completed discussions over the […]

*** SMART PEOPLE WANTED. We’re hiring at both Enterprise and at our parent company, Inktank. We’re looking for critical thinkers who have outstanding English-language writing skills. Don’t apply if you are not (at an absolute minimum) unafraid of numbers. We offer a great, casual work environment, the opportunity to work with smart people who care […]