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Few more steps towards actually signing the Dabaa contracts? Russia’s Rosatom has reportedly invited Egyptian engineering and consulting firms to begin presenting their offers to work on the Dabaa nuclear power plant, Al Borsa reports. Rosatom is planning on signing contracts with Egyptian consultancy firms and contractors to get the ball rolling as soon as […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt signs tourism MoU with Greece and Cyprus at Nicosia summit, agree to further energy cooperation
Egypt, Greece, and Cyprus signed an MoU on joint cooperation on tourism during a trilateral summit in Nicosia yesterday, according to an Ittihadiya statement. President Abdel Fattah El Sisi, Cypriot President Nicos Anastasiades, and Greek Prime Minister Alexis Tsipras discussed “forging closer ties and boosting cooperation on issues including energy following the discovery of gas […]
Posted inSpeed Round
Mugabe steps down after 37 years in office
Zimbabwe’s strongman, Robert Mugabe, resigned from office yesterday, “a week after the army and his former political allies moved to end four decades of rule, Reuters reports. The 93 year-old Mugabe’s former vice president Emmerson Mnangagwa, “whose sacking this month prompted the military takeover that forced Mugabe out,” is expected to be sworn in as […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Global economic growth to continue, amplify in 2018 -GS
Goldman Sachs Research economists expect the world economy will continue to outperform most prediction in 2018. Jan Hatzius and Jari Stehn write in their 2018 Global Economic Outlook report that they expect world economy to grow at 4% in 2018, up from 3.7% in 2017 — and meaningfully above consensus. “The strength in global growth […]
Posted inImage of the Day
Egypt’s strangest caves
Egypt is home to some strangely structured caves that are loaded with history predating Ancient Egypt, Egypt Today reports. The Djarra cave in the Western Desert is home to pure groundwater and has Neolithic engravings of animals; it’s thought to have been an important Stone Age settlement. The Foggeni cave was discovered recently in 2002 […]
Posted inEGYPT IN THE NEWS
Banana girl tops coverage of Egypt in the foreign press
Banana girl tops coverage of Egypt in the foreign press: Topping coverage of Egypt in the international press this morning once again is the arrest of pop singer Shaimaa (spelled ‘Shyma’) for allegedly being lewd and suggestive with a banana. Our overzealous lawyers who ride into town on high horses have made this our reputation […]
Posted inEGYPT IN THE NEWS
Telegraph gives Egypt a tub-tub and a whack over the head
The Telegraph tells its readers to look into buying property in Egypt’s Red Sea Riviera for “guaranteed yet affordable sunshine a short flight from the UK.” El Gouna, Sahl Hasheesh and Soma Bay, stand out, the piece notes, telling readers to “picture a fairytale Arabian Nights landscape dotted with huge swathes of tropical plants, blue […]
Posted inEGYPT IN THE NEWS
HRW asks Egypt, UAE authorities to reveal location of disappeared Egyptian prisoner
Human Rights Watch (HRW) has called on authorities in Egypt and the UAE to disclose thelocation of Egyptian prisoner Mosaab Ahmed Abdel Aziz, who was released on 20 October from a Dubai prison after serving a three-year sentence. His family had been told that arrangements for deportation were being made and that he was had […]
Posted inEGYPT IN THE NEWS
Israel commemorates 40th anniversary of Sadat’s visit with special Knesset session
The Israeli parliament commemorated the 40th anniversary of late president Anwar El Sadat’s visit with a special session yesterday, the Associated Press reports. Knesset speaker Yuli Edelstein referred to Sadat’s 1977 speech as “groundbreaking” in his opening address for the event. Arutz Sheva also notes the anniversary with a piece titled “Begin and Sata: The […]