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Author Archives: enterpriseam admin
Posted inWorth watching
Egypt’s first long distance trail
Egypt’s first long distance trail in the Sinai stretches almost 250 km from the Gulf of Aqaba to St. Katherine. The 14-day Sinai Trail, which connects ancient travel, trade and pilgrimage routes in the Sinai wilderness, was first opened in 2015 and has been maintained since by three local Bedouin tribes: the Tarabin, Mazeina and […]
Posted inEGYPT IN THE NEWS
Crackdown on LGBT community intensifies
On a slow news morning for Egypt in the international press, the crackdown on the LGBTQ community in Egypt continues to be the most prominent story of note. Sudarsan Raghavan writes for The Washington Post writes that the crackdown intensified over the weekend as security forces raided cafes in downtown Cairo and courts delivered harsh […]
Posted inOn Deadline
Popular campaign calling for El Sisi’s re-election negate the democratic process
The recent campaign calling on President Abdel Fattah El Sisi to run for re-election next year clashes with democratic norms, Ashraf El Barbary says in a column penned for Al Shorouk. El Sisi should be required to clearly present his achievements over the past presidential term, using them as the foundation of his re-election bid, […]
Posted inWorth reading
Robots are quickly taking over factory work, and may be on their way to pushing financial traders out of their jobs
Are traders going to be pushed out of their jobs by artificial intelligence? Banks and investment funds are beginning to use machine-learning software — which allows computers and other forms of artificial intelligence to learn based on patterns and algorithms rather than programming — to begin taking over some of financial workers’ more “routine tasks,” […]
Posted inImage of the Day
Rhino image wins Wildlife Photographer of the Year
A picture of a black Rhino bull killed by poachers in South Africa won the Natural History Museum's Wildlife Photographer of the Year award. Their website has the story behind the brutal image, which was taken during an undercover investigation into the illegal trade of Rhino horns. Shot in South Africa’s Hluhluwe Imfolozi Park, the […]
Posted inDiplomacy + Foreign Trade
Tripartite committee nods to GERD impact studies
Tripartite committee nods to GERD impact studies: Officials from Egypt, Sudan, and Ethiopia appear to be in general agreement over the results of the environmental impact studies on Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), according to an Ethiopian News Agency report picked up by Al Masry Al Youm. The officials had met in Addis Ababa […]
Posted inBasic Materials + Commodities
Aton discovers gold-bearing veins at West Garida
Gold miners Aton Resources announced the discovery of high-grade gold-bearing veins at the West Garida prospect. “The discovery of another potential high grade gold system at our Abu Marawat Concession is hugely exciting, given that it follows on from the other great results in the intrusion related belt. These new discoveries in outcrop reinforce for […]
Posted inManufacturing
Sinai Cement looking to invest EGP 100 mn in production lines
Sinai Cement is looking to invest EGP 100 mn to upgrade production capacities at its facility, according to a bourse disclosure. The project will be financed through proceeds from an upcoming capital increase to EGP 1.3 bn from EGP 680 mn. The proceeds will also be used to clear the company’s EGP 564 mn in […]
Posted inManufacturing
Sisi to inaugurate 20 factories in Sokhna in February, canal revenues down MoM
President Abdel Fattah El Sisi will inaugurate 20 factories in Ain El Sokhna in February, Suez Canal Authority head Mohab Mamish said yesterday, according to AMAY. Mamish also announced that Suez Canal revenues increased 3.4% y-o-y to USD 4.35 bn between January and October 2017. September saw revenues of USD 459.8 mn, a 2% dip […]