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President Abdel Fattah El Sisi delved into regional politics, equitable growth, and terrorism in his speech yesterday at the United Nations’ general assembly. You can watch his speech in full here (runtime 22:46). Among the highlights: On terrorism and regional politics, El Sisi lambasted the international community for allowing countries that fuel terrorism to be […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
Is it time to worry now that emerging market sovereign debt tops USD 11.7 tn? That’s the question Capital Economics asks in its latest note (pdf). Despite the Nostradamus undertones of the question and Capital Economics itself estimating that EM debt is leaning closer to USD 13.6 tn, the note is not all that negative. […]
Posted inEGYPT IN THE NEWS
Leading the conversation on Egypt in the foreign press is its pledge to help Libya reorganize its national army under the command of General Khalifa Haftar, which Egypt’s military spokesperson announced in a statement. The announcement came after a meeting of the Egyptian committee on Libya in Cairo, where Libyan officers promised Egypt’s army Chief […]
Posted inEGYPT IN THE NEWS
Coming in at a close second is El Sisi’s first public sit down with Netanyahu and its potential for bringing further stability: President Abdel Fattah El Sisi’s meeting for the first time publicly with Israeli Prime Minister Benjamin Netanyahu in New York is a signal of closer ties between Jerusalem and Cairo as Egypt works […]
Posted inOn Deadline
Egypt’s mediation efforts in several regional crises show it is reasserting its traditional role as a regional power, Emad Gad says in a column penned for El Watan. He points to the reconciliation deal Egypt brokered for Palestine’s Fatah and Hamas, in addition to the agreement to unify Libya’s national army. Gad says the next […]
Posted inEnergy
MIGA to provide guarantees worth USD 210 mn for FiT projects
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) approved providing guarantees worth USD 210 mn for feed-in-tariff projects in Benban, according to an Investment Ministry statement. The guarantees will go to six consortiums of local and international companies developing 11 solar power plants. This is the first such decision from MIGA in seven years, Minister […]
Posted inInfrastructure
Will the private sector actually get to own and operate desalination plants?
The government is considering opening the door for the private sector to invest in desalination plants and move beyond just a mere contractor, government sources tell Al Borsa. The Investment Ministry has commissioned a feasibility study to look into it, the source added. Initial conclusions find that plenty of regulations need to be put in […]
Posted inBasic Materials + Commodities
Edita wants to export 14% of total production
Edita Food Industries is planning on increasing its exports to 14% of total annual production,according to Al Mal. Chairman Hani El Barzi said that exported goods made up around 7% of their total inventory. The company is looking to bump up those numbers to expand into new markets in Africa and the Middle East.
Posted inBasic Materials + Commodities
IFF opens expanded facility in Cairo
Flavor developer International Flavors & Fragrances (IFF) announced opening its fully renovated and expanded facility in Cairo. IFF’s Cairo facility has been operational since 1979 and the new investment “supports both the Company’s regional focus on growth in the Middle East and Africa, as well as its focus on key categories, providing enhanced services to […]