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GERD is still giving us GERD: Officials from Egypt, Sudan and Ethiopia meet in Addis Ababa today to chew over the environmental impact of Ethiopia’s Grand Ethiopian Renaissance Dam (or GERD, as it’s known). It’s the latest development in shuttle diplomacy on an issue that could have deep, long-term impact on downstream nations — us […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
How big is the risk of another Black Monday equities crash?
How big is the risk of another Black Monday equities crash? That’s the subject of this morning’s very good Financial Times “Big Read” in advance of tomorrow’s thirtieth anniversary of the crash. There are plenty of similarities between today and the status quo just before the Black Monday crash, the salmon-colored paper argues, quoting a […]
Posted inWhat We're Tracking Today
Tech companies are rolling out patches for wifi vulnerability
And before we move on: The wifi apocalypse to which we alluded yesterday looks unlikelyto come to pass. The risk of a “KRACK attack” is real, but Microsoft has already published a fix, Apple has done so in betas of its various operating systems that are now in testing, and Google is also working on […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Some 25 Portuguese companies and senior government trade officials will take part in the second Egyptian-Portuguese Business Forum on Thursday, said the head of the Federation of Egyptian Chambers of Commerce Ahmed El Wakeel. Foreign Minister Sameh Shoukry and his Portuguese counterpart Augusto Santos Silva will be attending the forum. El Wakeel tells Al Masry […]
Posted inON THE HORIZON
On the horizon
President Abdel Fattah El Sisi will inaugurate the new Alamein city early next week, according to Al Borsa. Housing Minister Mostafa Madbouli said the city will eventually be home to 3-4 mn people and house an industrial zone, universities, and tourism developments. EFG Hermes will hold its 7th Annual London Conference on 6-9 November. The […]
Posted inEnterprise+: Last Night’s Talk Shows
El Garhy on eurobond program, praise for Egypt in the US
El Garhy on eurobond program, praise for Egypt in the US: The planned eurobond issuance will not add to the pressure of external debt, as interest rates have dropped to 6% on 10-year bonds, down from 7.5%, while six-year bonds now carry a rate of 5%, down from 6.5%, Finance Minister Amr El Garhy told […]
Posted inSpeed Round
Fuel prices, VAT rate won’t rise this year; repo agreement to be renewed -El Garhy
The Ismail government has no intention to raise fuel prices this year and it is not going to hike the rate of the value-added tax, Finance Minister Amr El Garhy said yesterday in an interview with Reuters. “People have to be sure that we have a strong macro/fiscal consolidation... That would basically facilitate the decision […]
Posted inSpeed Round
Geely’s plans to turn Egypt into an exporting hub hinges on Automotive Directive
INVESTMENT WATCH- Chinese auto firm Geely will turn Egypt into a regional manufacturing and distribution hub — if the “automotive directive” becomes law, senior company officials tell Al Mal. The company’s expansion plans rest on the incentives laid out by the legislation, which is designed to prompt local assemblers to go further up the value […]
Posted inSpeed Round
Natural Gas Act executive regulations to be ready this month
In news on other closely watched legislation, the executive regulations for the Natural Gas Act will be finalized this month and sent over to the Ismail Cabinet for review, the recently-appointed head of the new market regulator, Karem Mahmoud, tells Youm7. The regs will outline the roles and duties of the market regulator, which will […]