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Egypt will reportedly receive the first tranche of a loan from Russia for the construction the Dabaa nuclear power plant in January, sources at the Electricity Ministry tell Daily News Egypt. Russia is expected to cover 85% of the plant’s construction costs, but the initial amount will be used to cover the costs of nuclear […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Supply Ministry to rework bread subsidy system in six months, sticks to its guns on price printing
The Supply Ministry has plans to rework the country’s bread subsidy system by May 2018, Minister Ali El Moselhy announced at a meeting with the Cairo Chamber of Commerce yesterday, Al Mal reports. The ministry is looking to curb the rising price of baking and to legislate profit margins for bakeries that are part of […]
Posted inSpeed Round
Europe risks another wave of illegal migrants if aid programs are not sustained in host countries -UNHCR
Europe risks another wave of refugees “if aid programs are not sustained in five neighboring countries hosting the bulk of them,” the UN said on Tuesday, according to Reuters. Egypt, Turkey, Lebanon, Jordan, and Iraq house a collective 5.3 mn registered Syrian refugees, according to UNHCR statistics. The agency has only received 53% of a […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
EM to outperform developed economies in 2018, Goldman Sachs says in its 2018 investment outlook
Goldman Sachs Asset Management (GSAM) expects emerging markets will outperform developed economies, supporting EM assets in its 2018 Investment Outlook. GSAM has a laundry list of advice for investors heading into 2018, saying they will need to invest for continued global growth, manage the risks of elevated valuations, diversify income sources as central banks tighten, […]
Posted inEGYPT IN THE NEWS
Re-warmed news as the year limps to a close
It’s a morning of barley-warmed leftovers for Egypt in the international press this morning, and for that we give thanks. The top two stories: Plenty of ink is being spilled on little-known singer Shaymaa, who is entering the final seconds of her 15 minutes of fame after having been sentenced to two years for “debauchery.” […]
Posted inOn Deadline
US’ Jerusalem declaration is still the most prominent issue for the nation’s columnists
Nearly a week after US President Donald Trump’s declaration, Jerusalem is still “top of mind” (as the marketing drones say) for the nation’s columnists. Al Shorouk’s Emad El Din Hussein and Al Masry Al Youm’s Manar El Shorbagy say that the US’ decision to move its embassy in Israel from Tel Aviv has effectively destroyed, […]
Posted inDiplomacy + Foreign Trade
Egypt, Switzerland agree on USD 87 mn 2017-2020 cooperation framework
Egypt, Switzerland agree on USD 87 mn 2017-2020 cooperation framework: Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch and Investment and International Cooperation Minister Sahar Nasr launched yesterday the CHF 86 mn (USD 87 mn) Swiss Cooperation Strategy in Egypt, according to a Swiss embassy statement. “Switzerland funds development projects across Egypt in three domains: […]
Posted inDiplomacy + Foreign Trade
Egypt, Brazil forming joint economic committee
Egypt and Brazil are studying forming a joint economic committee to facilitate trade, said Trade and Industry Minister Tarek Kabil, Ahram Gate reports. His statements follow a meeting with his Brazilian counterpart Marcos Pereira and Brazil’s Foreign Minister Aloysio Nunes on the sidelines of the World Trade Organization (WTO) ministerial meetings in Buenos Aires. Other […]
Posted inDiplomacy + Foreign Trade
Armed Forces delegation in South Sudan to provide training for development projects
An Armed Forces delegation is reportedly in South Sudan to provide training and assistance to the Sudanese People’s Liberation Army (SPLA) in the development of agriculture, animal resources, and mining, according to South Sudanese outlet Gurtong. SPLA General Dau Alier said that the training will not be for military purposes.