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Cairo is “as engaging as ever” and is now a great holiday destination for budget travelers, Lucas Peterson writes in his budget travel column for the New York Times. “I felt no less safe traveling around the ancient capital as I have in any American or European city. The staggering amount of history, with its […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
How “austerity” has impacted middle class spending
The spending habits of the middle class have changed significantly as they try to cope with high inflation and a weaker currency, write Patrick Markey and Nadine Awadalla for Reuters. Consumers are swapping new cars for cheaper models, cutting back on pricy supermarket shopping and giving up holidays abroad. This has been reflected in car […]
Posted inEGYPT IN THE NEWS
Shipping and tourism threatening the Red Sea environment
Shipping activities are threatening the environment in the Red Sea, with live coral reefs at constant risk of extinction from intense shipping activities and poor tourism practices at dive locations, Joe Baker writes for Ship Technology. “From bad tourism practices to oil tankers spilling their wares, shipping activities have had a troubling impact on this […]
Posted inEGYPT IN THE NEWS
Child burial sites found near Aswan
Child burial sites found near Aswan: An Egyptian-Swedish archaeological team uncovered Ancient Egyptian burial sites in Gebel Silsila near Aswan containing the remains of four children, according to the BBC. The burials date back to the 18th dynasty and the find included mummification linen and wood remains from coffins.
Posted inOn Deadline
Was the resumption of Russian flights connected to Dabaa, after all?
Was the resumption of Russian flights to Egypt connected to Dabaa, after all? Al Shorouk’s Emad El Din Hussein doesn’t seem to buy it, pointing out that the contracts for the Dabaa plant were inked last week but Russia still hasn’t allowed charter flights to return to tourist destinations. He reaches the conclusion that Russia […]
Posted inDiplomacy + Foreign Trade
El Sisi meets French Armed Forces Minister, EU Migration Commissioner
President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry sat down with the EU Commissioner for Migration, Home Affairs, and Citizenship Dimitris Avramopoulos to discuss cooperating on controlling illegal migration. El Sisi stressed that Egypt has been working to curb the flow of illegal migration, and that no incidents of refugee immigration via the […]
Posted inDiplomacy + Foreign Trade
Egypt not interested in following Erdogan, confronting US over Jerusalem
Egypt has “no interest in confronting the United States over its recognition of Jerusalem as the capital of Israel,” an official told Israel Hayom, according to Arutz Sheva. Responding to the confrontational stance taken by Turkey, the Egyptian source said: “Jerusalem is as dear to us as to any Arab or Muslim in the world, […]
Posted inBasic Materials + Commodities
GASC purchases 46.5k tonnes of imported olive, soybean oil
The General Authority for Supply Commodities (GASC) purchased 46.5k tonnes of olive and soybean oil imports on Thursday, according to a press statement picked up by Al Mal.
Posted inReal Estate + Housing
OUD launches EGP 1.6 bn real estate development in Sharm El Sheikh
The Orientals Company Urban Development (OUD) launched a new EGP 1.6 bn residential and touristic project in Nabq Bay Sharm El Sheikh, founder Mohamed Khamis said in statements carried by Al Shorouk. The project by the Oriental Weavers Subsidiary includes 1,850 homes, 3 hotels, recreational and commercial spaces and it is built around artificial lagoons.
Posted inReal Estate + Housing
Coldwell Banker to establish real estate investment company next year
Coldwell Banker will establish a new real estate investment company next year, Chairman Mohamed Abdullah said to Al Borsa. The company will be in partnership with several financial institutions and Coldwell will own a stake of 5-10% while retaining management rights.