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First, you sell our cultural heritage. Now, you want to promote your own “rich and diverse heritage”? The UK’s Northampton Borough Council, which sold an ancient Egyptian statue of the scribe Sekhemka in 2014, says it wants to promote its global cultural reputation, according to BBC. The council says it wants to “come up with […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt’s victory against Uganda tops coverage in the foreign press
Topping coverage of Egypt in the international press this morning is our toughwin against Uganda in the fourth leg of the African qualifiers for the World Cup 2018, with the likes of Reutersand the BBC noting Mohamed Salah’s goal. The Egyptian Commission for Rights and Freedoms says the government has started blocking its website since […]
Posted inOn Deadline
A (thorough) reminder of parliament’s shortcomings
A (thorough) reminder of parliament’s shortcomings: As the House of Representatives gears up for its next legislative session next month, it’s worth remembering all of its rather significant shortcomings during its last session, Tarek Abdel Aal writes in a scathing column penned for Al Shorouk. Although MPs boasted about the volume of legislation that passed […]
Posted inWorth watching
Investors pouring money into urban flight
“Meet George Jetson”: Lilium, a German startup formed two years ago, is planning on bringing the Jetsons’ fully electrical flying taxi to life. The company launched a successful test flight back in April (watch, runtime: 1:53), with its two-seater plane reaching a speed of 300 km/h at traveling at a range of 300 km. The […]
Posted inDiplomacy + Foreign Trade
Egypt-Mercosur FTA to come into effect before end of 2017 -sources
Egypt’s freetrade agreement with Mercosur countries will come into effect before year’s end, unnamed Trade and Industry Ministry officials tell Al Masry Al Youm. The agreement, which was meant to take effect in August, is expected to lower prices within various sectors, including auto manufacturing and food production, the sources added. The agreement also covers […]
Posted inDiplomacy + Foreign Trade
France sending former ambassador to Saudi to mediate between Qatar, Arab states
France is sending its former ambassador to Saudi Arabia, Bertrand Besancenot, as special envoy to the region to mediate on the Qatar Smackdown. “France, which has close ties with Egypt and the United Arab Emirates while also being a major arms supplier to Qatar and a key ally of Saudi Arabia, has been relatively discreet […]
Posted inDiplomacy + Foreign Trade
Egyptian forces reportedly shot four Sudanese nationals in Halayeb
Well this should complicate things with Sudan: Egyptian forces reportedly shot four Sudanese nationals in the disputed area of Halayeb, according to All Africa. The forces are also said to have confiscated two vehicles in the area.
Posted inBanking + Finance
Pharos Holdings bid for NDC’s upcoming EGX listing
Pharos Holdings is reportedly bidding to manage the National Drilling Company’s (NDC) upcoming share offering on the EGX, which is necessary for the company to meet new listing regulations handed down by the Egyptian Financial Supervisory Authority (EFSA) in July, sources tell Al Mal. The new regulations — former EFSA Chairman Sherif Samy’s parting gift […]
Posted inBanking + Finance
MNHD extends deadline to convert shares to GDRs
Madinet Nasr Housing & Development (MNHD) has extended the deadline for those wishing to convert shares of the company to global depository receipts (GDRs) to tomorrow from last Monday, the company said in a bourse filing (pdf).
Posted inEnergy
Eni asks to drill its eighth well away from Zohr gas field’s first phase
Eni has requested permission from the Egyptian Natural Gas Holding Company (EGAS) to drill its eighth well in Zohr away from the first phase development area of the gas field to confirm the size of the field’s reserves, Al Shorouk reports. EGAS has yet to reach a decision, a source from the regulator said. The […]