Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The total value of global M&A transactions are set to surpass USD 3 tn this year, but the average ticket size is getting smaller, John Waldron, Goldman Sachs’ Investment Banking Division Co-Head, says. While 1H2017 has been “very robust,” the difference this year is that, instead of having them driven by “large-scale consolidations,” the M&A […]
Author Archives: enterpriseam admin
Posted inImage of the Day
That’s what a EGP 1,500 burger looks like
That’s what a EGP 1,500 burger looks like: With all this talk of inflation (not to mention the meat price index above) we bring you Food Gun — a recently opened restaurant in Heliopolis which is selling 280g Wagyu beef burgers for EGP 1,495. Two ways this could go: You can impress a date with […]
Posted inEGYPT IN THE NEWS
US cutting aid to Egypt tops headlines
The prospect of the US withholding c. USD 290 mn of aid Egypt to pressure Cairo on human rights is dominating headlines on Egypt this morning after Reuters broke the story overnight. Congress has yet to be informed of the finding.
Posted inEGYPT IN THE NEWS
Professor left facing potential legal, disciplinary action for teaching students about Paradise Lost
Burn her at the stake: Controversial English literature professor Mona Prince is being accused of “glorifying Satan” for teaching students John Milton's Paradise Lost, The Telegraph reports. The professor, who teaches at Suez University, which purports to be an academic institution, was accused of spreading “destructive ideas” to students and “for calling for destroying and […]
Posted inEGYPT IN THE NEWS
Tens of thousands of devotees pilgrim to Virgin Mary Monastery in Assiut
Virgin Mary Monastery in Assiut receives tens of thousands of Coptic Christians and Muslims every year in August. This year’s event is markedly different after authorities banned non-Christians from attending, Hamada Elrasam reports for VOA. The site is believed to be where the Holy Family took refuge after being persecuted by King Herod.
Posted inEGYPT IN THE NEWS
Other coverage in the international press on 23 August
Other stories worth a skim this morning: The Rafah border crossing is expected to reopen on a “regular schedule” come September, by which time Egyptian authorities expect renovations and new security measures to be complete, Haaretz reports (paywall). Akhbar Al Youm’s state-ordered takeover of the Daily News has journalists in and out of the paper […]
Posted inOn Deadline
Ikhwan’s frozen assets show the magnitude of the group’s economic empire
Ikhwan’s frozen assets show the magnitude of the group’s economic empire: The amount of cases the Ikhwan asset-freeze committee has had to process since 2013 gives us a more tangible idea of the vastness of the outlawed group’s economic empire, Hassan Abou Taleb writes for El Watan. With this wealth under the group’s belt — […]
Posted inWorth reading
People start hating their jobs at 35
You are not alone — people start hating their jobs at 35: One in six British workers over age 35 said they were unhappy in their jobs, according to a survey of more than 2,000 U.K. employees by human resource firm Robert Half UK. That’s nearly double the number of workers under the age of […]
Posted inDiplomacy + Foreign Trade
Shoukry discusses economic cooperation with Estonian President
Foreign Minister Sameh Shoukry met with President Kersti Kaljulaid in the capital Tallinn yesterday, a ministry statement says. Discussions centered around security and immigration as well as cooperation in energy and ICT investments, as well as e-governance. Xinhua also has the story. Shoukry concluded his tour in Europe with a stop in Lithuania, where he […]
Posted inDiplomacy + Foreign Trade
Trade relations should be separate from politics including with Turkey -Kabil
Trade relations, including those with Turkey and Qatar, should remain separate from politics, Trade and Industry Minister Tarek Kabil tells Al Shorouk. The minister says that trade agreements with both state have been mutually beneficial, with Egyptians exports to Turkey up 30% y-o-y in 1H2017 to USD 1.07. In contrast, Turkish exports to Egypt fell […]