Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The Boston Celtics’ 24-year old forward Abdel Nader is adamant he can help Egypt embrace the game of basketball, he says in an interview with Sport 360. As one of the first Egyptian basketball players in the NBA, Abdel Nader “is ready to take the NBA by storm after impressing in the NBA G League […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Sawiris looks to annul ruling on his case against Algerian government
Sawiris looks to annul ruling on his case against Algerian government: Naguib Sawiris is looking to annul the international court ruling rejecting his c. USD 4 bn claim against the Algerian government over the ownership of Algerian mobile operator Djezzy, Developing Telecoms says. Sawiris reportedly filed an official appeal for annulment of the June ruling […]
Posted inEGYPT IN THE NEWS
Christian Louboutin loves us + other international coverage on
Christian Louboutin loves us: Apparently it’s “very easy” to get your luggage back at Cairo Airport, or so says designer Christian Louboutin, who also lists Cairo’s Museum of Egyptian Antiquities as his favorite in the world, in an interview with WSJ (paywall). Also worth noting in brief this morning: Nigeria’s Federal Ministry of Health has […]
Posted inOn Deadline
Increasing terror attacks in Egypt are a direct result of Daesh losing its footing in Iraq and Syria
The recent uptick in terror attacks in Egypt is a direct result of Daesh losing ground in itsIraq and Syria strongholds, Emad El Din Adib writes in El Watan. As the group weakens, offshoots in Egypt and other countries are encouraged to launch large scale attacks to re-establish its strength. Adib also suggests that Daesh […]
Posted inWorth reading
North Korea uses Hong Kong to launder money
How North Korea launders its cash: Hong Kong is North Korea’s preferred spot for money laundering, a report by CNN’s Joshua Berlinger showed. The hermit state uses a handful of front companies to get access to the global financial system and cover up much of its trade, from selling coal and fuel to exporting weapons […]
Posted inWorth watching
“World’s Greatest Drag Race” turns seven
Motor Trend’s World’s Greatest Drag Race returns with its seventh iteration. This time around, the15,000 foot-long runway sees the new Tesla compete with the likes of Ferrari and McLaren (watch, runtime 8:00).
Posted inDiplomacy + Foreign Trade
Diplomacy + Foreign Trade on 18 October 2017
Investment and International Cooperation Minister Sahar Nasr discussed disbursing the third USD 1 bn tranche of the World Bank’s USD 3 bn loan with senior World Bank officials, including Kristalina Georgieva, CEO of the WBG’s International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Nasr is pushing for the tranche to […]
Posted inEnergy
Acciona and Swicorp to build three PV power plants in Benban
Spain’s Acciona Energia and Swicorp of Saudi Arabia will build three solar photovoltaic plants in Egypt, LeAnne Graves writes for The National. The three plants will be built in Benban and produce 50 MW of electricity each at a total investment of USD 180 mn. Graves says the project is expected to be financed through […]
Posted inEnergy
BNP Paribas secures EUR 98.5 mn in financing for EETC substation
The Egyptian Electricity Transmission Company (EETC) achieved financial close on the EUR 98.5 mn facility for the Samanoud and Abo El Matamir high-voltage substations. BNP Paribas acted as initial mandated lead arranger and facility agent for the loan, which will finance 85% of the FX portion of the commercial contract between EETC and its consortium […]
Posted inEnergy
Electricity Ministry and Al Nowais at an impasse over price of electricity from coal plant
The Electricity Ministry and UAE’s Al Nowais have yet to reach an agreement on the price of electricity the ministry plans to buy from the company’s 2,600 MW coal power station in Sinai, Al Mal reports. Talks have reached an impasse over what ministry officials say was Al Nowais’ “high” proposed tariff. The Emirati company […]