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Former LafargeHolcim CEO Eric Olsen was charged with funding terrorist groups as part of a French probe into the cement maker’s operations in war-torn Syria, Bloomberg reports. Olsen, who resigned from the company in April, was also charged late Thursday with putting someone else’s life in danger and placed under judicial supervision, said an official […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Salah crowned BBC African Footballer of the Year
Liverpool forward Mohamed Salah was voted BBC African Footballer of the Year on Monday, according to BBC Sport. Salah’s performance this year — both with the British club and Egypt’s national team — has been stellar. Aside from being on a tear with Liverpool, he was the driving force behind Egypt qualifying for the World […]
Posted inSpeed Round
Attempted terrorist attack in New York injures three
Police in New York authorities apprehended a 27-year-old man suspected of carrying out an attempted suicide bombing at the Port Authority Bus Terminal yesterday, Reuters reports. The attacker, Bangladeshi national Akayed Ullah, attempted to set off a homemade pipe bomb he had strapped to his body, but the device did not properly detonate. Three others […]
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 inTHE MACRO PICTURE
Are emerging markets becoming Fed-proof?
Are emerging markets becoming Fed-proof? That’s the argument explored in a piece this morning for the Wall Street Journal — a rare piece in a newspaper not known for its deep thinking on EM. The team-written story argues that “strong global growth, stabilizing commodity prices and improving domestic fundamentals” are behind the ongoing emerging markets […]
Posted inEGYPT IN THE NEWS
Talk of Egypt’s role in Putin’s Mideast ‘victory lap’ dominates Egypt in the News on 12 December 2017
The new Cold War: It’s a single-story news day for Egypt as the international press frames Russian President Vladimir Putin’s visit to Cairo in the context of a new Cold War with the US — a war in which Russia is largely presented as having an edge. Some outlets, including the Associated Press and Reuters, […]
Posted inOn Deadline
The US and Russia are in a tug of war for power and influence over Egypt
The US and Russia are in a tug of war for power and influence over Egypt, Emad El Din Adib writes in a column penned for El Watan. Each country comes with its own set of carrots and sticks: The US uses its economic and military aid as leverage to mold Egypt’s policies on Israel, […]
Posted inWorth watching
Starving polar bear in Canada’s Baffin Island shows what climate change looks like
This heart-wrenching video of an emaciated polar bear struggling to find food on Canada’s Baffin Island is all you need to see to understand the effects of climate change. Polar bears normally feed on seals, but they have lost access to their main dietary staple as global temperatures rise and sea ice continues to melt, […]
Posted inDiplomacy + Foreign Trade
El Sisi meets Palestine’s Mahmoud Abbas in Cairo
President Abdel Fattah El Sisi and his Palestinian counterpart Mahmoud Abbas agreed yesterday to continue rallying international support against the Trump administration’s recognition of Jerusalem as Israel’s capital, Ittihadiya said in a statement. The two also agreed that the Palestinian reconciliation process must proceed to help the country’s position. Abbas also met with Arab League […]
Posted inDiplomacy + Foreign Trade
Switzerland’s Economic Affairs Secretary will be in Cairo today to set USD 87 mn cooperation framework
Switzerland’s Economic Affairs Secretary will be in Cairo today to set USD 87 mn cooperation framework: Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch will arrive in Cairo today to hammer out a cooperation framework with Egypt which could see us receive CHF 86 mn (USD 87 mn) in foreign development aid, Al Mal reports, […]