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Gov’t looks set to begin preparations for the 2018 Presidential Elections: The Egyptian government and the National Electoral Commission (NEC) are set to begin preparing for Egypt's upcoming presidential elections, due to take place in May 2018, Ahram Online reports. The Ismail cabinet had held a meeting a few weeks ago to discuss the procedures […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Terrorism pushed tourists away. Can European xenophobia bring them back?
Terrorism pushed tourists away from Omm El Donia. Can European xenophobia bring them back? Chronic overcrowding in some of Europe's beloved tourism hotspots is fuelling an angry backlash, according to Reuters. From Barcelona to Rome, the backlash has ranged from graffiti telling tourists to “Get Out” to more overt acts of physical intimidation, such as […]
Posted inSpeed Round
Gov’t begins promoting investments for the West Egypt Development Project
Gov’t begins promoting investments for the West Egypt Development Project: A USD 2.5 bn amusement park complex is apparently among the projects up for grabs by investors in Matrouh governorate, Investment Minister Sahar Nasr said. The projects will be part of the West Egypt Development Project, which will include an investment zone, a resort complex […]
Posted inSpeed Round
Did President Abdel Fattah El Sisi broker a truce between Hamas and rival Fatah?
Did President Abdel Fattah El Sisi broker a truce between Hamas and rival Fatah? President Abdel Fattah El Sisi apparently pushed for a new truce between rival Palestinian factions Hamas and Fatah, according to reports which initially emerged in London-based Al Hayat. The proposal was presented to Fatah leader and Palestinian Authority President Mahmoud Abbas […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
This summer’s “season of bans” has led to a lag in air traffic demand in the Middle East
This summer’s “season of bans” has led to a lag in air traffic demand in the Middle East: Middle Eastern flight carriers saw demand a 2.5% y-o-y increase in traffic in June, far below the 7.5% increase in international passenger demand in all world regions, said the International Air Transport Association (IATA) last week. Traffic […]
Posted inTHE MACRO PICTURE
Qatari business lurching on
Qatar National Bank is looking for financing as the ongoing diplomatic crisis could tighten liquidity up, Bloomberg reports. The bank has been speaking to internationals about a private placement, bond issuance or a loan in Q4. The crisis has put foreign reserves in banks at lower levels due to Gulf lenders refusing to carry over […]
Posted inEGYPT IN THE NEWS
The appointment of new EGX Chairman Mohamed Farid Saleh is topping coverage of Egypt in the international press this morning, with Reuters noting that he “helped to launch the first weighted index on EGX during his time as vice chairman from July 2010 to October 2011.”
Posted inEGYPT IN THE NEWS
Some understanding in the foreign press why the Qatar Smackdown had to happen
Finally, some understanding in the foreign press on why the Qatar Smackdown had to happen: After a slew of partisan US media rhetoric on why the Qatar blockade had been a poor decision, Newsweek gets it right with a look at Qatar’s presence in Libya — and how its destabilizing influence there has wreaked havoc […]
Posted inEGYPT IN THE NEWS
Other international headlines worth noting
Other international headlines worth noting in brief this morning include: Imprisoned ex-Ikhwan leader Mahdi Akef’s health issues are growing more severe by the day, notes the Anadolu News Agency. The African Independent is looking at the plight of Eritrean children being trafficked in Egypt.