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CORRECTION- Pharos Holding will be backing the share price of AT Lease for a period of one month after trading begins through a stabilization fund. Pharos Holding is listing 24% of the company’s shares with book-building and subscriptions to the IPO to begin on Tuesday, 19 December. We reported incorrectly that the stabilization fund will […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inEGYPT IN THE NEWS
Remains of exiled Italian king buried in Alexandria to be returned to Italy
Topping coverage of Egypt in the foreign press is the return of the remains of exiled Italian King Victor Emmanuel III to be buried a family mausoleum near Turin, The Associated Press reports. Victor Emmanuel ruled Italy from 1900 to 1946 and died in 1947 in Alexandria, Egypt, where his remains had been buried until […]
Posted inEGYPT IN THE NEWS
The Financial Times returns to its semi-regular bashing of the new administrative capital
The Financial Times is back to its semi-regular bashing of the new administrative capital. This time around, the salmon-colored paper picks up on arguments that the project would effectively allow the government to wash its hands of Cairo and development there. “What will happen to Cairo after the exodus? It will be sidelined,” says Mai […]
Posted inEGYPT IN THE NEWS
Archaeologists in Matareya struggle to balance an interest in the past with modern needs for development
Archaeologists working on excavations in Cairo’s Matareya are struggling to balance an interest in the past with modern needs and challenges, Jahd Khalil writes for The National. Matareya is where archaeologists from Egypt and Germany unearthed an eight-meter statue back in March. The neighborhood itself is already inhabited, largely with “self-built housing” that may have […]
Posted inEGYPT IN THE NEWS
Belt and Road Initiative’s “green” standards could help Egypt reduce its carbon footprint
The “green” standards China put in place for Belt and Road Initiative investments could help Egypt significantly reduce its carbon footprint, Deborah Lehr writes for the Huffington Post. New construction projects are booming in Egypt, but these projects also account for a significant amount of the country’s overall carbon footprint. “Egypt has the opportunity to […]
Posted inEGYPT IN THE NEWS
Other international coverage
Also worth noting in brief this morning: Nobody knows what happened to a Uighur student who was returned to China from Egypt after he was taken by police upon arrival, according to a piece on Chinese “indoctrination camps” by The Associated Press. Liberals in Egypt, Saudi Arabia, and other Arab countries are increasingly allowed to […]
Posted inOn Deadline
The automotive industry is suffering from the continued stalling of the Automotive Directive
The automotive industry is suffering from the continued stalling of the Automotive Directive, Hussein Abd Rabbo writes for Al Borsa. The government has been trying to attract investors by any means possible, but has failed to pass the Automotive Directive for over four years. In the meantime, countries including India and South Korea — which […]
Posted inDiplomacy + Foreign Trade
El Sisi meets Italian Interior Minister to discuss Regeni, cooperating on illegal migration
Egypt is committed to finding those who are guilty for the murder of Italian student Giulio Regeni, President Abdel Fattah El Sisi told Italian Interior Minister Marco Minniti, according to an Ittihadiya statement. El Sisi reaffirmed that Egypt will continue to coordinate with Italian prosecutors in the ongoing investigation into Regeni’s death. Prosecutors from both […]
Posted inDiplomacy + Foreign Trade
Plans for dam in Halayeb risk further tensions with Sudan
Egyptian plans for a dam to collect rain and flood water in the basin valleys of Shalatin in the Halayeb triangle announced last week raise concerns of diplomatic rows with Sudan, Malek Awny writes for Arab News. Awny writes that the government has allocated EGP 378 mn to construct 11 dams and seven lakes to […]