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The US government’s decision to cancel aid to Egypt “prompted suggestions that the Middle Eastern country may have become little more than a bargaining chip in a wider strategy to apply to North Korea,” CNBC says. While some have cast off the theory for sounding too rich in foresight for the Donald Trump administration, others […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Deaths in the Blue Hole are mostly due to divers’ mistakes, lack of preparation
Dahab’s Blue Hole’s “fearsome reputation” as a “divers’ cemetery” is undeserved, divers tell The Guardian’s Edmund Bower. The rising incidence of deaths among technical divers and freedivers is a concern, but divers at the Blue Hole say it “isn’t that dangerous” as long as “divers do their homework and exercise due caution.” Diving the Blue […]
Posted inEGYPT IN THE NEWS
Egyptian women struggle to fight gender-based discrimination
Egyptian women are struggling to fight [redacted] harassment in the street and gender-based discrimination at home, ABC Australia’s Walt Curnow writes. At the core of the issue is the pressure to conform to societal norms, particularly with parents enforcing these unwritten rules, gender equality academic Shereen El Feki says. On the flipside, women’s rights activist […]
Posted inEGYPT IN THE NEWS
Other stories worth a skim on 28 August:
Other stories worth a skim this morning: Bel Trew takes a look at the rise of delivery and courier culture in Cairo in response to economic challenges in a piece for The Times. US Secretary of State Rex Tillerson’s decision to withhold aid to Egypt “was a breath of fresh air,” David A. Super writes […]
Posted inOn Deadline
Are FTAs keeping local industry from benefiting from the current economic conditions?
Are trade agreements keeping local industry from benefiting from the current economic conditions? Mohamed Abdel Shafie Eissa seems to think so, saying in a column penned for Al Shorouk that the EGP’s low value and the decision to bar imports of low-quality goods should have been a godsend for local industry and allowed it to […]
Posted inWorth watching
Logistics — a natural place for robots to start stealing jobs
Logistics — a natural place for robots to start stealing jobs: Automation had hit the logistics industry in full swing, with robots being adopted for everything from warehouse stacking to groceries. The Financial Times' Michael Pooler takes a look at how this expansion is accelerating in the UK, led by giant companies such as Amazon. […]
Posted inDiplomacy + Foreign Trade
Foreign Ministry says had no prior knowledge of the US’ intention to cut aid, as Shoukry talks cooperation in Germany
Foreign Ministry had no prior knowledge of the US’ intention to cut aid: US Secretary of State Rex Tillerson informed Foreign Minister Sameh Shoukry of the decision to cut USD 290 mn in aid in a phone call just a few hours before the story broke, the Foreign Ministry said in a statement. The statement […]
Posted inDiplomacy + Foreign Trade
Number of Chinese tourists doubled in 1H2017 compared to last year -Egyptian ambassador to Beijing
The number of Chinese tourists who visited Egypt nearly doubled y-o-y in 1H2017, Cairo’s ambassador to Beijing, Osama Elmagdoub, tells Global Times in an interview. While China has steadily grown to become Egypt’s fourth largest tourist supplier in 2017, the size of Chinese investments in the country is still fairly small. The potential for expansion […]
Posted inDiplomacy + Foreign Trade
Egypt opens Rafah border crossing with Gaza in both directions a second time
Egypt opened the Rafah border crossing with Gaza in both directions on Sunday to allow patients and students to cross over into Egypt, in what is increasingly looking like a policy of easing the blockade on the region, Xinhua reports.
Posted inBasic Materials + Commodities
Steel imports down
Steel imports declined 74% y-o-y in 1H2017 to 263.8k tonnes, compared to 1.25 mn tonnes in the same period last year, according to a General Organization for Export and Import Control (GOEIC) report,picked up by Al Shorouk. The weaker currency has made imports unsustainable for a lot of businesses, especially with anti-dumping regulations imposed on […]