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The Middle East is traditionally synonymous with oil and natural gas, but old perceptions may no longer hold true with the region going through an economic slump that is slowing everything down and forcing diversification away from the fossil fuel industry as a crutch. Bloomberg contributor Robin Mills argues that even though traditionally gas rich […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
China clamps down on outbound M&As — with the exception of Belt and Road
China clamps down on outbound M&A — with the exception of Belt and Road: M&A appetite from Chinese companies in nations that are part of China’s Belt and Road initiative appear to have been spared restrictions on outbound capital by the Chinese government. Chinese acquisitions in the 68 countries, which includes Egypt, totaled USD 33 […]
Posted inEGYPT IN THE NEWS
It’s another really slow morning for Egypt in the international press, with coverage dominated by pickups of wire copy on newly discovered tombs.
Posted inEGYPT IN THE NEWS
China, US partners need to enforce North Korea sanctions
Are we getting dragged to the tussle between the US and North Korea? It is time for the “merry-go-round” with sanctions on North Korea to end, Jamie Fly and Anthony Ruggiero write for Fox News. For the sanctions to work this time around, they say, the involvement of China, as well as US partners, in […]
Posted inEGYPT IN THE NEWS
Other international coverage
Also worth noting in brief this morning: Social entrepreneurship. Impact investing. Accelerators. Social and economic fallout of Arab Spring. They should be labelled with “trigger warnings” for us, but if they don’t threaten to send you into paroxysms of rage, go read this piece in the UAE’s The National. An audio recording of a university […]
Posted inOn Deadline
Bailouts for companies at the expense of the middle class
We have our very own wannabe Bernie Sanders: Government initiatives to support private sector companies are tantamount to the government subsidizing private corporations at the expense of the middle class, writes Mohamed El Hawary for Al Borsa. He cites initiatives including the Contractors’ Compensation Act and the central bank settling LC debt spikes incurred following […]
Posted inWorth watching
Skydiving over the Pyramids
The Giza pyramids saw “dust storms and ancient plagues…[and] thanks to Cedric Dumont, a skydive.” The Wingsuiter Dumont is seen flying over the pyramids in this video from an energy drink company (watch, runtime 1:10).
Posted inDiplomacy + Foreign Trade
Egypt and Gabon sign trade agreement
Trade and Industry Minister Tarek Kabil signed a trade cooperation agreement with his Gabonese counterpart on Wednesday, according to Al Masry Al Youm. The agreement will establish a joint trade committee to help boost both countries’ economic relations. Kabil also said that the two sides are studying the possibility of setting up a lumber plant […]
Posted inDiplomacy + Foreign Trade
Italian gov’t denies the US had provided intelligence on Egypt’s alleged involvement in Regeni’s murder
Italian gov’t denies the US had provided intelligence on the alleged involvement of Egyptian officials in Regeni’s murder: The Italian government denied the Obama administration had given it explosive evidence or actionable information on the involvement of Egyptian security officials in the murder of Giulio Regeni, ANSAamed reports. The New York Times’ Declan Walsh had […]
Posted inDiplomacy + Foreign Trade
GERD discussions with Ethiopia always done with Egyptian participation -Sudan
Discussions with Ethiopia regarding the Grand Ethiopian Renaissance Dam “are always done with Egyptian participation,” said Sudan’s Foreign Minister Ibrahim Ghandour, according to Sudan Tribune. “The issue of water has been always present when two of the three parties meet but the concern is always ‘how to have tripartite cooperation between the three countries,’ he […]