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Ismail cabinet approves legislation to form space agency: Apart from approving the Eurobond program, the Ismail cabinet took a number of decisions yesterday at its weekly Wednesday meeting, including approving and sending to the House legislation that would establish an Egyptian space agency to build, operate, and monitor satellites. With a space agency and nuclear […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt is at the bottom of HSBC’s 46-country Expat Explorer survey
Egypt dropped two places to the last place on the 46-country Expat Explorer survey by HSBC. The index measures issues from personal finances and career progression to the strength of the local economy. The drop in Egypt’s placing is driven by concerns over the quality of life, healthcare, childcare, and economic confidence, despite ranking relatively […]
Posted inSpeed Round
EU allocates EUR 500 mn to resettling 50,000 refugees from North Africa
The EU announced a plan on Wednesday to allocate EUR 500 mn to resettle another 50,000 refugees from North Africa, the Associated Press reports. The European Commission said the focus will be on refugees in Egypt, Libya, Sudan, Niger, Chad, and Ethiopia. Egypt had reached an agreement with Germany last month to stem the flow […]
Posted inSpeed Round
EgyptAir joins a number of regional carriers in an air travel ban on Iraqi Kurdistan
EgyptAir joins a number of regional carriers in an air travel ban on Iraqi Kurdistan: EgyptAir will suspend flights to and from Erbil airport starting from tomorrow, company sources told Reuters. EgyptAir joins Turkish Airlines and Lebanon’s Middle East Airlines, who have also stopped travel to Erbil, according to Daily Sabah. “The move comes after […]
Posted inSpeed Round
AAF hits USD 25 mn target for flagship fund
Arab Angels Fund hits USD 25 mn target for flagship fund: Arab Angels Fund (AAF) announced yesterday that it successfully hit the USD 25 mn target for its flagship Arab Angel Fund I (AAFI), having successfully raised an additional USD 15 mn in an oversubscribed offering. General partners raised the target amount “from 65 private […]
Posted inUncategorized
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Posted inImage of the Day
Pottery in Tunis village
Xinhua did a photo piece about the pottery workshops at the Tunis Village in Fayoum. “Tunis village is famous for its precious colored pottery works and unique beauty. Pottery manufacture was introduced to the village in the 1980s when Evelyne Porret, a potter from Switzerland, moved to the village and built a pottery studio.”
Posted inEGYPT IN THE NEWS
Egypt courts sentence 30 to prison for violence
Topping coverage of Egypt in the western media this morning is the sentencing of 30 alleged members of Ikhwan to prison on violence-related charges. Several courts, including the Cairo Criminal Court, handed down prison sentences to 30 defendants for illegal assembly, inciting violence, and possessing firearms yesterday, the Associated Press reports. The sentences include life […]
Posted inOn Deadline
The discussion of LGBTQ issues is part of the global conspiracy to destroy Egypt
The discussion of LGBTQ issues is part of the global conspiracy to destroy Egypt, El Watan’s Ahmed Refaat writes in a column that contains not one thread of sanity. He points to an array of culprits behind this disintegration of Egypt’s society, including the encroachment of Western culture, political chaos, and those pesky human rights […]
Posted inWorth reading
Bitcoin is a bubble, but that doesn’t mean it’s going to be flash in the pan
Bitcoin is going to be the largest bubble ever — and there’s heaps of money to be madeon the way up. And if you believe that, you may want to give a heck of a lot of thought to your exit point if you go along for the ride. “This is going to be the […]