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Topping coverage of Egypt in the foreign press this morning are pickups of Ethiopian Prime Minister Hailemariam Desalegene’s rejection of having the World Bank to act as arbiter in the dispute over the Grand Ethiopian Renaissance Dam (GERD). Coverage was mostly limited to wire pickups. “Seeking professional support is one thing, transferring (arbitration) to an […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Egypt should be looking into blockchain
Blockchain is an important leap in technology that Egyptian companies should study thoroughly, Ibrahim Mostafa writes for Al Borsa, arguing that we must keep up and look ahead at how it will shape the global banking sector down the line. He notes that blockchain technology allows financial transactions to take place directly between two parties, […]
Posted inWorth reading
The fall of Travis Kalanick — a cautionary tale of Silicon Valley’s culture of CEO worship
The fall of Travis Kalanick — a cautionary tale of Silicon Valley’s culture of CEO worship: Bloomberg Businessweek’s Eric Newcomer and Brad Stone have penned the most detailed (and by far the most interesting) account of the fall from grace of former Uber CEO Travis Kalanick. From the infamous video of Kalanick disparagingly arguing with […]
Posted inWorth watching
PBS presents Black Coffee
DOCUMENTARY OF THE WEEK — PBS presents Black Coffee: Coffee fuels Enterprise. From the necessary morning pick-me-up to the afterwork social gathering, the rich, dark drink is one of the significant cultural unifiers of our time. But unlike many goods, which have come to dominate our diets only during the age of globalization, coffee-drinking infected […]
Posted inDiplomacy + Foreign Trade
Egypt condemns Turkish attack on Syria’s Kurd-controlled Afrin region
Egypt condemned the Turkish military offensive on the Kurdish enclave of Afrin in northwestern Syria, calling it a “new violation of Syrian sovereignty” that undermines existing efforts for political solutions and counterterrorism, the Foreign Ministry said in a statement.
Posted inEnergy
Egypt renews Iraqi crude oil contract for one year
Egypt has reportedly renewed an agreement to import crude oil from Iraq, an official at state petroleum buyer EGPC tells Reuters’ Arabic service. The contract was renewed for another year and will see Egypt import 12 mn bbl of Iraqi crude that will be delivered in 2 mn bbl shipments every two months starting January, […]
Posted inEnergy
Petroject completes its portion of butane and mazut installations at SUMED Ain Sokhna Pier
Petrojet has completed its work on the Arab Petroleum Pipelines Company (SUMED)’s pier at Ain Sokhna port, Youm7 reports. Petrojet had completed installations at the pier which would allow it to receive butane and mazut. Oil Minister Tarek El Molla had said last year that the port should begin receiving, storing and connecting butane and […]
Posted inEnergy
Sabbour Consulting bidding for two Dabaa nuclear power plant design contracts
Sabbour Consulting is bidding for two design contracts related to work on the Dabaa nuclear power plant, founder and Chairman Hussein Sabbour tells Al Shorouk. Sabbour has already been awarded three contracts for the project and will be joining other suitors in bidding for 100 other contracts that Russia’s Rosatom — which is running point […]
Posted inBasic Materials + Commodities
Gov’t raises price of sugarcane purchased from local farmers to EGP 720
President Abdel Fattah El Sisi issued a decree yesterday to raise the price of sugarcane purchased from farmers to EGP 720 per tonne, up from the EGP 700 per tonne previously set by the Supply Ministry, Al Borsa reports. The House Agriculture Committee had been pushing for the government to raise sugarcane prices to EGP […]
Posted inHealth + Education
Higher Education Ministry plans to launch an investment map for universities
The Higher Education Ministry is working on an investment map of private universities that it wants to offer up to investors, Minister Khaled Abdel Ghaffar tells Al Borsa. The map comes as part of the ministry’s strategy to drive significant investments in new universities to keep up with demand. The minister said he expects investments […]