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The arrest last night of 2012 presidential candidate and ex-Ikhwan member Abdel Moneim Aboul Fotouh was a quiet affair on the air waves compared to the stir caused by the arrest of former top auditor Hesham Genena. Aboul Fotouh’s predicament received little attention from the nation’s talking heads, especially with Amr Adib off for the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s GDP growth for 2Q2017-18 rose to around 5.3% from 3.8%
Egypt’s GDP growth for 2Q2017-18 rose to around 5.3% from 3.8% in the same period last year, Planning Minister Hala El Saeed said on Wednesday, according to Reuters. GDP for 1H2017-18 rose to 5.2%, from 3.6% in 1H2016-17, she added, AMAY reports. She attributed the growth to a 1.8% rise in Egypt’s exports, a 1.9% […]
Posted inSpeed Round
First private sector LNG import license to be issued at the end of Feb -sources
New natgas regulator to issue first LNG import license before the end of Feb? The newly-established natural gas market regulator is expected to issue the first LNG import license to the private sector before the end of February, when its board meets for the first time, sources close to the matter tell Al Shorouk. While […]
Posted inSpeed Round
Gov’t expected to sign off on USD 900 mn Elsewedy-Marubeni-Masdar wind farm project this month
Gov’t expected to sign off on USD 900 mn Elsewedy-Marubeni-Masdar wind farm project this month: The Ismail government hopes to sign off on the USD 900 mn development of two wind farm projects planned with the Elsewedy Electric-Marubeni-Masdar consortium, government sources tell Al Borsa. The New and Renewable Energy Authority (NREA) will grant the consortium […]
Posted inSpeed Round
Authorities arrest ex-presidential candidate Aboul Fotouh over allegations of contact with the Ikhwan
Former presidential candidate Aboul Fotouh arrested over alleged contact with the Ikhwan: Former Islamist presidential candidate Abdel Moneim Aboul Fotouh was arrested last night “over allegations that he had contacts with the outlawed Muslim Brotherhood,” the Associated Press reports. The State Security prosecutor ordered the arrest of Aboul Fotouh and at least five members of […]
Posted inSpeed Round
Cabinet approves amendments to Anti-Terrorism Act, Traffic Act in weekly meeting
CABINET ROUNDUP- The Ismail Cabinet approved yesterday amendments to the Anti-Terrorism Act that tighten penalties for harboring terrorists or aiding them in hiding from security forces, according to an official statement. The amendments also require all hotels to provide the state with updated records of their guests. You’re going to have to put a GPS […]
Posted inSpeed Round
Egypt to help Haftar forces in Derna operation
Is Egypt really expanding it role in Haftar’s drive to take Derna? Eastern Libyan military commander Khalifa Haftar will lead an attack on Derna in coordination with Egyptian military forces, speaker of the Tobruk-based internationally recognized parliament Aqilah Saleh told Youm7. The statement, brief as it was, is causing issues in Libya, as the rival […]
Posted inUncategorized
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Posted inImage of the Day
King Farouk’s timepiece goes on auction at Christie’s
A custom-made Patek Philippe watch that once belonged to Egypt’s King Farouk is going on auction at Christie’s Dubai in March, according to Forbes Middle East. The ‘Reference 1518’ model — made of 18K gold and engraved with Egypt’s royal crown and the letter F — carries a presale price tag of USD 400-800k.
Posted inEGYPT IN THE NEWS
Egypt in the news on 15 February 2017
The arrest of Hisham Genena is still the top story on Egypt in the international press this morning, but that’s only because news desks here and abroad are literally asleep. As soon as they wake, the story of the day will be the overnight arrest by military prosecutors of Islamist former presidential candidate Abdel Moneim […]