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What is it with oddly-themed restaurants nowadays? Continuing with this running trend of oddly-themed (and ill-advised) restaurants in Cairo, we bring you Garemt Akl (Food Crimes) — a prison-themed restaurant. With the venue decorated as a prison cell (including prisoner graffiti) and a cafeteria-style seating, restaurant owner Ahmed Hamad tells Al Monitor that he wanted […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
International press takes note of bin Talal’s planned investment in Egypt
News that Prince Alwaleed bin Talal is looking to invest USD 800 mn in Egypt is topping headlines on Egypt in the foreign press this morning. We covered the news yesterday and Talaat Moustafa Group confirmed it to the EGX. Reuters carries the facts and Bloomberg has comments by Investment Minister Sahar Nasr saying bin […]
Posted inOn Deadline
An ode to Sahar Nasr
Youm7’s ode to Sahar Nasr: The accomplishments in Egypt’s economic recovery are owed in no small measure to the efforts of Investment and International Cooperation Minister Sahar Nasr, writes Hussein Youssef for Youm7, in a glowing review of her tenure. He credits her policies with having bolstered investment inflows into the country and draws a […]
Posted inWorth reading
Cairo is the second-cheapest holiday destination globally -Hoppa
Cairo is second-cheapest holiday destination in the world in 2017, according to airport transfer website Hoppa. The website says you can pick up a night’s stay in a hotel, a meal for two and a bottle of wine, a 3km taxi ride, a coffee, a cocktail, and a beer in Cairo for a total of […]
Posted inWorth watching
No one pours a glass of wine like GoT’s Cersei Lannister
If you, like us, are a fan of all things Game of Thrones, you might want to spare a couple of minutes for this. Because no one pours wine and throws insults around like Cersei Lannister, a very impressed Jimmy Kimmel asks actress Lena Headey to get into character and have a chat with him […]
Posted inDiplomacy + Foreign Trade
MPs object to US travel warning
Members of parliament from separate committees complained to the US embassy on Monday about the US State Department’s 19 July travel warning on Egypt, according to Ahram Online. The MPs sounded off to the chargé d'affaires, who reportedly saidhe would relay objections to the US administration. The warning had ruffled a lot of feathers last […]
Posted inDiplomacy + Foreign Trade
General Haftar in Cairo
Libya’s General Khalifa Haftar made a surprise visit to Cairo on Sunday, where he is set to hold cooperation talks with Military Chief of Staff Mahmoud Hegazy and other senior Armed Forces officials, Asharq Al Awsat reports. At the same time, Libyan representatives met with a UN envoy to discuss rival faction Fayez Al Serraj’s […]
Posted inDiplomacy + Foreign Trade
List of custom-free products under Mercosur FTA to be approved within days
The Trade and Industry Ministry is expecting to receive soon a list of products that are customs-exempt under Egypt’s freetrade agreement with Mercosur countries, which should be coming into effect in a few days’ time, according to Al Borsa.The list should include 2,535 products. The agreement was signed in 2011 but picked up momentum recently […]
Posted inEnergy
ACWA Power signs PPA with EETC, to build three solar power plants in Benban
The Egyptian Electricity Transmission Company (EETC) signed three solar power purchase agreements with the Riyadh-based ACWA Power on Monday under phase two of the feed-in tariff (FiT) program, according to a statement from the Investment and International Cooperation Ministry. Under the agreements, ACWA Power will finance, develop, build, own, and operate three solar power plants […]
Posted inEnergy
XD-EGEMAC and EETC sign EGP 289 mn agreement
The Egyptian Electricity Transmission Company (EETC) and XD-EGEMAC signed a EGP 289 mn agreement on Monday that will see the latter supply power stations in Hurghada and Sharm El Sheikh with Geographic Information Systems, according to Daily News Egypt.