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It appears the foreign press is just as interested in our prospects of reaching the World Cup as we are, with the story topping coverage of Egypt in this very slow morning. Meanwhile,the Associated Press suggests that the border dispute between Egypt and Sudan over Halayeb and Shalateen could hurt Egypt’s chances in Nile Basin […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Has Egypt done enough to earn a spot in BRICS?
Egypt’s pundits ask: Has Egypt done enough to earn a spot among the BRICS? To earn a spot, Egypt needs to buckle down and formulate a comprehensive economic vision with specific goals that all state institutions can work on implementing, Alaa El Hadidi writes for Al Shorouk. It’s not enough that the size of Egypt’s […]
Posted inWorth watching
Tulip Fever: a historical look at bubbles or a horrible period drama?
Tulip Fever: a historical look at bubbles or a horrible period drama? We haven’t seen a good finance movie out — especially one on financial bubbles — since The Big Short. So we were excited to hear of the release of Tulip Fever, which is set in Amsterdam at the height of “Tulip-mania” in the […]
Posted inDiplomacy + Foreign Trade
Trade and Industry Minister Tarek Kabil will be visiting the European Commission
Trade and Industry Minister Tarek Kabil will be visiting the European Commission in Brussels soon to discuss ways to boost cooperation, he said yesterday, according to Ahram Gate. The date for the visit has yet to be set. Last we heard, Kabil had postponed a visit to Brussels, during which he was expected to discuss […]
Posted inDiplomacy + Foreign Trade
Egypt delaying results of investigation into Hurghada knife attack, Czech ambassador says
Egypt is delaying the results of the investigation into the knife attack that led to the death of one Czech and two German tourists in Hurghada “for fear of putting off tourists,” Czech ambassador to Egypt Veronika Kuchynová -Šmigolová said. “The ambassador said that while the Egyptian side was extremely helpful and cooperative the likely […]
Posted inEnergy
Production from Burullus gas fields increased to 526 mcf/d in the past year
Production from Shell’s Burullus concession increased to 526 mcf/d and over 6,000 bbl of condensates last year, Chairman of Shell JVs Rashpetco and Burullus Hisham Al Attar said, according to a statement from the Oil Ministry. Al Attar says that design and manufacturing works have been contracted on the West Delta Deep Marine Phase 9b […]
Posted inInfrastructure
EGP 11 bn third phase of national roads project to kick off soon
The third phase of the government’s national roads project is set to start imminently now that the concerned authorities have finalized their plans, Transport Minister HIsham Arafat said on Sunday, Al Mal reports. The plan involves renovating six highways for a total EGP 11 bn, the minister said. Those include roads linking Cairo to Asyut […]
Posted inBasic Materials + Commodities
Spain sees Egypt as a threat to its citrus exports
Spain is worried that Egyptian plans to cultivate desert land will lead to a sharp rise in citrus exports and threaten Spain’s dominance as a supplier over the next few years, Maura Maxwell writes for Eurofruit. An umbrella group for Spain’s private citrus producers, called the Citrus Management Committee, says Egyptian exports have increased by […]
Posted inReal Estate + Housing
Mortgage Finance Fund to doll out EGP 10 bn this year
The Mortgage Finance Fund is looking to doll out EGP 10 bn this year, reports Al Borsa. The plan comes as part of CBE’s initiative to boost lending to middle and low income homeowners over the coming years, says Mai Abdel Hamid, CEO of the Social Housing Fund which had been merged with the Mortgage […]
Posted inReal Estate + Housing
CIB to provide EGP 270 mn medium-term facility to SODIC
SODIC signed an agreement with CIB for a EGP 270 mn medium-term facility on Wednesday, according to an EGX filing. The loan will fund the company’s October Plaza in west Cairo. The project’s first phase was launched in February.