It appears as though talks are back on between the Port of Alexandria and China Harbour over a multi-purpose platform — the Egypt Economic Development Conference project that has been killed and resurrected more times than we can count. The agreement for the project will reportedly be signed before the end of the year, an […]
Author Archives: enterpriseam admin
GAFI approves three investment zones
The General Authority for Freezones and Investments (GAFI) approved the establishment of three new investment zones yesterday, according to an Investment Ministry statement. Those include an SME-focused zone in Qalyubia and two commercial zones for the Majid Al Futtaim Group at the Six October City Mall of Egypt and the City Center Mall in Almaza.
Gender equality is good for business -OECD
Gender-based discrimination in laws costs MENA countries USD 575 bn annually, the Organisation for Economic Co-operation and Development (OECD) report estimates. “Gender equality is not only good for women, it’s good for businesses, it’s good for sound economies and it’s good for happier societies,” Gabriela Ramos, OECD chief of staff, says, according to Reuters. The […]
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Investor attention back to US, bear market seen in 2018
Growing talks on US tax reform has shifted global investor attention back to the US and away from the economic recovery in the European Union, Goldman Sachs’ October marquee QuickPoll suggests. Market sentiment feels even more bullish than after the US election, offering a reminder that “the end of a bull market is still a […]
Credit growth in emerging markets is accelerating for the first time since 2011
“Credit growth in non-Chinese emerging markets is accelerating for the first timesince 2011, buoying expectations of stronger economic growth,” writes Steve Johnson for the Financial Times. Credit growth hit an annual rate of 8.7%, according to data compiled by Dutch asset manager NN Investment Partners, which tabulates the GDP-weighted average of 19 EMs. This comes […]
Will the rise of the USD threaten EM growth?
Will the rise of the USD threaten EM growth? But some analysts are suggesting that the USD’s strong run in September might point to a potential emerging markets currency sell-off, says Roger Blitz in the newspaper. “The chief cause of EM’s difficult September has been a recovery in the USD, which has drawn strength from […]
UNESCO elections top int’l coverage of Egypt
Topping coverage of Egypt in the foreign press this morning were the UNESCO leadership elections. Egypt’s candidate for the job, Moushira Khattab, is within the top three, just under the French and Qatari candidates, who were head-to-head after yesterday’s ballot. “We all have the right to vie in election as long as we fit the […]
Opinion writers take a look at the prospect of local government
Opinion writers take a look at the prospect of local government: We shouldn’t be afraid to decentralize government and grant greater powers to local government, writes Newton for Al Masry Al Youm. However, since the concept of decentralization is a bit alien to Egypt, he advocates for taking a more gradual approach by granting complete […]
NASA has released hours upon hours of archival footage
For all you space nerds out there, NASA has released hours upon hours of archival footage on Flight Research Center’s YouTube channel. There’s this footage of the wingless M2-F1 “flying bathtub” being pulled into launch by 1963 Pontiac Catalina (watch, runtime: 0:33). Or how about Neil Armstrong before his lunar fame test-piloting a Lunar Landing […]