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The 700k jobs figure Lall quotes is probably low: The riskiest legacy of the Arab Spring may be the “baby boom” that ensued in Egypt, Mark Champion and Tarek El Tablawy write in a remarkably on point piece for Bloomberg. “Higher birth rates may prove the most lasting of many unforeseen consequences of Egypt’s Arab […]
Author Archives: enterpriseam admin
Posted inSpeed Round
House ICT Committee approves Cyber Crimes Act clause on banning websites
LEGISLATION WATCH- The House of Representatives’ Economics Committee has completed its review of the Leasing Act and plans to bring it to a plenary discussion following the presidential elections this month, Al Mal reports. The legislation, which sets up a regulatory framework for factoring and leasing, had been amended by the Financial Regulatory Authority as […]
Posted inSpeed Round
Egypt, KFAED sign five loan, grant agreements worth EGP 5 bn
Kuwait earmarks EGP 5 bn to Sinai development projects: Investment and International Cooperation Minister Sahar Nasr signed yesterday five agreements worth a combined EGP 5 bn (KWD 86.1 mn) with the Kuwait Fund for Arab Economic Development (KFAED) to support development projects in Sinai, according to a ministry statement. The loans include funding for a […]
Posted inSpeed Round
Egypt’s USD 15 bn gas import agreement unlocked East Med to E&P majors
Egypt’s Dolphinus Holding’s USD 15 bn agreement to import gas from Israel could have unlocked the East Mediterranean gas field for oil and gas majors who have long eyed the fields, according to the Wall Street Journal (paywall). “ExxonMobil, Shell, Total and others are planning to invest in exports and exploration in the Eastern Mediterranean. […]
Posted inSpeed Round
Elsewedy Electric signs EGP 1.23 bn agreement for new capital substation
Elsewedy Electric signed yesterday an EPC contract worth EGP 1.23 bn to construct a 500 KV substation in the new administrative capital, according to a statement to the EGX (pdf). The substation will be delivered by December 2018 on a turnkey basis. Yesterday’s agreement comes one day after a subsidiary of Elsewedy signed a separate […]
Posted inSpeed Round
Egypt is the 42nd best country in the world for business?
Egypt was ranked as the 42nd best country in the world in US News and World report’s 2018 ranking of 80 nations. Egypt’s rank was largely dependant on its economic improvement rather than its social and political standing in the report. It’s best overall score was in the “Movers” category, which measures economic growth, ranking […]
Posted inSpeed Round
Palestinian Authority Prime Minister survives assassination attempt in Gaza
Palestinian Authority Prime Minister Rami Hamdallah survived a roadside bomb attack seen as “an apparent assassination attempt” in Gaza yesterday, Bloomberg reports. Fatah immediately blamed rival faction Hamas for the attack, prompting Hamas to issue a statement denying involvement.
Posted inUncategorized
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Posted inImage of the Day
Egyptian barber buzzes portraits of football idols on back of customers’ heads
An Egyptian barber is offering his customers images of sports and entertainment idols on the backs of their heads, Reuters reports. Self-taught Walid Makram uses chalk to draw faces of celebrities on the hair before cutting it.
Posted inEGYPT IN THE NEWS
Egypt in the News on 14 March 2018
It’s another morning of slim pickings in the foreign press, with no single issue dominating the conversation on Egypt. Security forces are still struggling to contain the insurgency in Sinai despite “widespread public support,” Reuters says. The newswire points to last December’s attempted attack against Interior Minister Magdy Abdel Ghaffar and Defense Minister Sedki Sobhi […]