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Could we be heading into another global financial crisis? Germany’s outgoing Finance Minister, Wolfgang Schäuble, believes that “spiralling levels of global debt and liquidity present a major risk to the world economy.” He tells the Financial Times in an interview that prudent austerity measures are the best shield against economic fluctuations, especially now as more […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Turkey’s lira plunges as tensions escalate between US and Turkey over consulate staffer arrest
Turkey’s lira plunges as tensions escalate between US and Turkey over consulate staffer arrest: Turkey and US both decided on Sunday to suspend visa services for the other in “a sharp escalation of tensions that sent the lira down more than 6% against the USD,” Bloomberg reports. The decision came after a Turkish national and […]
Posted inSpeed Round
Attacker targeting Saudi royal family shoots down two guards at Jeddah’s Al-Salam palace
An attacker targeting the Saudi Arabian royal family killed two guards and injured three others on Saturday when he opened fire at the Al-Salam palace in Jeddah, Bloomberg reports. Saudi authorities identified the shooter, who was killed by security as he attempted to flee, as a 28 year-old Saudi national. “The attack highlights the challenges […]
Posted inUncategorized
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Posted inImage of the Day
Remembering The Doors
Remembering The Doors: It’s hard to believe that it was 50 whole years ago that iconic 1960s rock band The Doors released their debut album, bringing to the world “chimerical feelings of ominous sunshine.” Despite their short-lived run, The Doors inspired generations of artists to come through their unique blend of sounds, in songs such […]
Posted inEGYPT IN THE NEWS
Egypt’s victory in 2018 World Cup qualifiers tops international headlines
It’s football and only football for Egypt in the foreign press this morning, after the country’s national team broke a nearly-30 year-old curse, successfully securing a spot in the FIFA World Cup that will be played in Russia next year. Elsewhere? “Cairo is a place of chaos and contradictions at every turn,” a British expat […]
Posted inWorth watching
How we can benefit from Cairo’s informal settlements
We should look at how to rebuild with residents of informal settlements and benefit from the positives that their communities created, not try to demolish their homes, a controversial video from Mind’s Eye suggests (runtime: 3:30). Our view of informal settlements is “classist” and “elitist,” and people living in informal settlements have a right to […]
Posted inDiplomacy + Foreign Trade
Fatah, Hamas delegations to meet in Cairo
Delegations from rival Palestinian factions Fatah and Hamas are scheduled to arrive in Cairo today for Egypt-mediated talks on Tuesday, Ahram Gate reports. During the meetings, officials will attempt to iron out some of the points of disagreement between the two sides in order to move forward with the reconciliation process and ease the blockade […]
Posted inDiplomacy + Foreign Trade
Army Chief of Staff meets MFO Director General Richard Beecroft
Egyptian Army Chief of Staff Mahmoud Hegazy met yesterday with Director General of the Multinational Force and Observers (MFO) and former US ambassador to Egypt Richard Stephen Beecroft to discuss their cooperation on border security in Sinai, according to a military statement. The discussions centered on optimizing border security and facilitating the MFO’s mission in […]
Posted inEnergy
EGAS to issue new oil and gas exploration tenders in 2018
EGAS plans to issue new oil and gas exploration tenders in 2018, an unnamed company official tells Al Shorouk. We had said last month that EGAS was planning to issue global tenders for the West Mediterranean concession once Norwegian firm PGS releases the results of its seismic survey for the area before the end of […]