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Italy and France sent a warning to Turkey about the Cypriot gas drilling dispute, Euractiv reports. Italian Minister of Defence Roberta Pinotti visited Cyprus and included statements about French warships in the area as a warning to Turkey. Turkey doesn’t recognize the Cypriot right of drilling in its exclusive economic zone (EEZ) after peace talks […]
Author Archives: enterpriseam admin
Posted inSpeed Round
DPRK’s Hotel of Doom gets makeover
Hotel of Doom gets a makeover: North Korea’s Ryugyong Hotel, commonly known as Hotel of Doom, got a makeover, according to the Associated Press. The renovations showed “two broad new walkways leading to the building and the big red propaganda sign declaring that North Korea is a leading rocket power.” The hotel was “little more […]
Posted inSpeed Round
Trump fires White House communications director 10 days after his appointment
Other international headlines worth a skim this morning: How to lose a guy in 10 days: US President Donald Trump fired recently appointed White House communications director and former Wall Street financier Anthony Scaramucci just over a week into his role, Reuters reports. The Donald’s new chief of staff, John Kelly, reportedly demanded The Mooch […]
Posted inTHE MACRO PICTURE
MENA cross border business activity increasing
Cross-border M&A activity is on the rise in MENA, according to a report by Baker McKenzie Cross Border Index. The report looks at inbound activity first and finds that KSA and the UAE Account for the lion’s share, with 40 transactions between them. Outbound activity follows a similar pattern: the UAE leading with 58 acquisitions, […]
Posted inImage of the Day
Beni Suef woman impersonates a man to make ends meet for her family
A Beni Suef woman has had to dress as a man to make ends meet for her family after her husband became unable to work due to a disability, Al Arabiya reports, making this something of a meme in Egyptian (social) media. According to the report, Bahia Soliman, who has three children under the age […]
Posted inEGYPT IN THE NEWS
Nothing to see here, folks
It is, friends, a blessedly slow news day for Egypt in the international press. Fingers crossed that it lasts.
Posted inOn Deadline
The bread subsidy system needs reform — without affecting needy citizens
The bread subsidy system is in dire need of reform that can no longer be postponed, particularly considering how much of the state’s resources are directed towards sustaining the system, Abdelnaby El Shahhat writes for Youm7. Between graft at smart card manufacturers and the widespread corruption within the system’s institutions, Supply Minister Ali El Moselhy […]
Posted inDiplomacy + Foreign Trade
Egypt and Mexico to establish joint investment council
Egypt and Mexico agreed to establish a joint investment council, Investment and International Cooperation Ministry Sahar Nasr said in a Monday statement (pdf). The agreement came during a meeting between Nasr and Mexico’s ambassador to Cairo, Octavio Tripp.
Posted inEnergy
EGAS grants three companies preliminary approval to import gas
EGAS has granted three unnamed companies preliminary approvals on their requests to import natural gas privately and pump it through the national pipeline network, said EGAS Vice Chairman Amira El Mazni, according to Al Borsa. Five companies had bid to import natural gas privately, including Dolphinus Holdings — rumored to have been in talks to […]
Posted inEnergy
No new solar power projects until FiT is completed
The Electricity Ministry is not planning to issue any new tenders for solar power projects until it completes ongoing ones under the feed-in tariff (FiT) program, Minister Mohamed Shaker said on Monday, according to Al Borsa. Shaker expects energy companies working on projects under phase two to reach financial close soon and sign power purchase […]