Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
We officially welcome you to fiscal year 2017-18: President Abdel Fattah El Sisi approved on Thursday the budget for the new fiscal year. Utility prices including water and electricity have already risen since the House of Representatives put its seal of approval on the document about a month ago, and we’ve also seen changes to […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s rising FX reserves should not overshadow remaining economic challenges
The increase in the central bank’s reserves has been driven by “heavy external borrowing as investors pour money into Egyptian assets,” Bloomberg’s Ahmed Feteha suggests. Praising the increase in the reserve build up, The National's editorial board suggests that a number of challenges remain for the Egyptian economy. The Abu Dhabi-based publication believes that the […]
Posted inSpeed Round
FDI to ring in around USD 8.7 bn in FY2016-17, World Bank, AfDB tranches coming before the end of the year -Sahar Nasr
Foreign direct investment in FY2016-17 is expected to ring at around USD 8.7 bn, climbing 26% y-o-y over the previous fiscal year, said Investment and International Cooperation Minister Sahar Nasr (pdf) on Friday. Total investments for FY2016-17 came in at EGP 502 bn, up 28% y-o-y. Nasr reiterated last week’s statements that FDI for FY2017-18 […]
Posted inSpeed Round
Is Neymar Jr’s transfer to PSG a win for Qatar?
The foreign press is calling Neymar Jr’s record EUR 222 mn transfer to ParisSaint-Germain a PR coup for embattled Qatar. The transfer of a player of Neymar’s stature from Barcelona — at such a record price — to the Qatari royal family-owned French club signals that business is usual, the Associated Press writes. Meanwhile, GCC […]
Posted inSpeed Round
Tensions rising in Libyan waters
General Khalifa Haftar, the Libyan military commander backed by Egypt, ordered his air and naval forces to confront any unauthorized vessels in Libyan waters, according to the Washington Post. This comes after the Italian government sent ships to help stem migrant movement to Europe at the request of a rival government faction led by Fayez […]
Posted inSpeed Round
Trump begins to pull US out of Paris Climate Change agreement
A little further from home, US President Donald Trump has begun the process to formally withdraw the US from the Paris climate change accord, Bloomberg reports. Speaking of The Donald: He’s on a 17-day vacation (longer than Barack Obama took in his first year, CNN notes). The US president’s break began as the UN passed […]
Posted inUncategorized
** 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 […]
Posted inTHE MACRO PICTURE
African nations ordered EUR 550 mn in military purchases from France in 2016
African nations ordered EUR 550 mn worth of military equipment from France in 2016, according to a report to the French Parliament by the French Armed Forces. African nations received EUR 326 mn worth of equipment last year. North Africa ordered EUR 170.4 mn in military hardware, while Sub-Saharan Africa ordered EUR 379.9 mn in […]
Posted inImage of the Day
Surgery-themed kebda restaurant tries and fails at marketing ploy
Surgery-themed kebda restaurant tries and fails at marketing ploy: Reuters is profiling the latest gimmick in kebda restaurants: staff dressed as operating room surgeons. Founded by former doctors, the D. Kebda restaurant hopes to dispel fears of food poisoning generally associated with street kebda, but projecting an image of hospital-grade sanitary cleanliness. We found the […]
Posted inEGYPT IN THE NEWS
On a blessedly slow news day for Egypt this morning, we note that Israel is set to build a 3-km-long underground barrier along its border with Egypt and Gaza, Ynet reports. The barrier will take about a year and a half to complete at a cost of USD 940 mn. Meanwhile, Al Monitor is still discussing […]