Even if there’s pullback on electricity, the state took a clear step forward yesterday to deregulate the natural gas industry. President Abdel Fattah El Sisi signed into law the long-awaited Natural Gas Act, the drafting of which wrapped back in October 2015. The Act, published in Monday’s issue of the Official Gazette, will see the […]
Author Archives: enterpriseam admin
President El Sisi also signed into law the National Elections Commission Act
President El Sisi also signed into law the National Elections Commission Act, according to the state news agency MENA. The law sets up the National Elections Commission, which will supervise the May 2018 presidential elections. The body will be headed by the chief justice of the Court of Cassation. As we noted yesterday, the signing […]
Nine poultry producers indicted on price collusion charges, referred to economic court
Nine poultry producers indicted on price-fixing charges: Authorities have indicted nine poultry producers for market manipulation and anti-competitive practices. The companies could face trial before one of the nation’s economic courts, according to Al Borsa. The case relates to incidents from 2013, which the Egyptian Competition Authority (ECA) believed showed evidence of price manipulation from […]
Foreign appetite for Egyptian T-Bills are driving borrowing costs down
Foreign appetite for Egyptian T-Bills is driving borrowing costs down, Bloomberg’s Ahmed Feteha reports. Yields continued to drop in yesterday’s auction, where the three-year bonds fell to 16.813% from 18.652% and seven-year bonds to 16.750% from 18.596%, Reuters reports. We noted yesterday that yields on shorter-term bills were down by 100 bps in their previous […]
Egypt is the world’s second fastest growing tourism market
Yes, we’re excited, too — but it’s called the “low base effect,” folks: Egypt is the second-fastest-growing tourist destination globally, according to data from the United Nations World Tourism Organization (UNWTO), The Telegraph reports. Having Egypt and Tunisia in the top ten seems to “indicate their ability – against the odds – to bounce back […]
The US and Kuwait have begun their latest push to calm the Qatar Smackdown
The US and Kuwait have begun their latest push to calm the Qatar Smackdown. The Trump administration has sent two envoys to the region to spread oil on troubled waters. Former head of US Central Command Anthony Zinni and Deputy Assistant Secretary of State Timothy Lenderking are touring Saudi Arabia, Kuwait, the UAE, Bahrain, and […]
The Middle East could be staring at a “lost generation” as mental illness, suicide rates rise -study
Mental illness, suicide, and violence across the Middle East are creating a “lost generation,” a scientific study from the University of Washington suggests. Ali Mokdad, the study’s lead author, says “intractable and endemic violence is creating a lost generation of children and young adults… The future of the Middle East is grim unless we can […]
South African President Jacob Zuma stares down the barrel of a parliamentary gun
South African President Jacob Zuma is staring down the barrel of a parliamentarygun: South Africa’s parliament plans to file a motion of no-confidence in Zuma using a secret ballot system, their speaker ruled on Monday,according to Reuters. “The decision increases the chances [Zuma] will have to step down” and could allow members of Zuma’s ruling […]
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Serbia tops fDi Intelligence greenfield FDI index 2016
Serbia tops fDi Intelligence greenfield FDI index 2016: Serbia topped the fDi Intelligence (a Financial Times data division) global performance index for greenfield foreign direct investment for 2016. The index measures the appeal of countries as destinations for greenfield FDI relative to the size of their GDP. Serbia took the top spot on the back […]