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Topping coverage of Egypt in the foreign press this morning is the controversy arising after some concertgoers raised LGBTQ rainbow flags at a Mashrou’ Leila performance in Cairo last week. Security forces have arrested yesterday seven people who had been seen raising the flag at the concert on charges of “promoting [redacted] deviancy,” Reuters reports. […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Are the proposed amendments to the Citizenship Act constitutional?
A heated debate in the local press is underway on the constitutionality of proposed amendments to the Citizenship Act that strip those convicted of terrorism of their citizenship. One of its detractors,Abdallah El Sennawy, takes to Al Shorouk to point out that the amendments — contrary to their stated intent — make no mention of […]
Posted inWorth reading
Meet the chess grandmaster who has Wall Street enamored
Meet the chess grandmaster who has Wall Street enamored: For around 25 years, Lev Alburt has been teaching strategy, patience, and prognostication to some of the biggest names on Wall Street, writes James Tarmey for Bloomberg Businessweek. In his modest apartment on Manhattan’s Upper East Side, the three-time US chess champion and notable Soviet Union […]
Posted inDiplomacy + Foreign Trade
Sudan says it hasn’t frozen ties with Egypt, UK trade delegation meets oil minister, El Sisi talks with Abu Dhabi Crown Prince
Sudan has denied reports it has “frozen” diplomatic ties with Egypt, Sudan’s Foreign Affairs Ministry said, according to the Sudan News Agency. The rumors began circulating after claims that Egypt voted in the UN against revoking economic sanctions imposed on the Sudan. Ties between Egypt and Sudan are going through “a crisis” because of the […]
Posted inEnergy
ABB Group looking to supply FiT projects with equipment
Swiss-Swedish conglomerate ABB Group is hoping to supply energy companies with equipment they need for solar power projects they’re establishing under the feed-in tariff (FiT) program, the company’s Regional Director Nagy Gregory tells Al Mal. ABB is currently in talks with more than 10 solar power companies and is also hoping to participate in projects […]
Posted inEnergy
Oil Ministry to unveil strategy to develop mineral resources next year
The Oil Ministry is planning to unveil its strategy for the development of Egypt’s mineral resources sometime next year, Minister Tarek El Molla said yesterday, Al Shorouk reports.
Posted inEnergy
NREA to receive financial, technical offers for 250 MW Gulf of Suez wind farm next month
Vestas, Siemens, Enercon, and Ray Power will submit their technical and financial offers to develop the 250 MW Gulf of Suez wind farm next month, sources from the New and Renewable Energy Authority (NREA) tell Al Borsa.
Posted inBasic Materials + Commodities
UK to lose market share in seed potato exports to Egypt thanks to Brexit
EU seed potato producers are expected to swoop in and increase supplies to Egypt in place of UK exporters that would be at a disadvantage post-Brexit, according to a Rabobank research note. Egypt is the largest importer of seed potatoes, sourcing more than 70% of its yearly seed potato requirements from the Netherlands and the […]
Posted inBasic Materials + Commodities
Gov’t completes Romanian wheat shipment sieving -El Moselhy
The poppy-seed containing Romanian wheat shipment was sieved and is now ready for use, Supply Minister Ali El Moselhy said, according to Reuters. The government now awaits the decision of the prosecutors, which will decide the fate of the 63k tonne shipment. The Agriculture Quarantine Authority had rejected the wheat shipment because it contained poppy […]
Posted inHealth + Education
El Sisi orders plan to raise teacher’s salaries
As the government launches back to school season, President Abdel Fattah El Sisi ordered a plan to raise teachers' salaries,according to AMAY. The Education Ministry has reportedly completed drafting the plan and has presented it to the president.