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Netflix has bought the rights for Israeli director Ariel Vromen’s new spy thriller The Angel: The Egyptian Spy Who Saved Israel, according to Flickering Myth. The USD 12 mn low-budget production is based on Israeli intelligence scholar Uri Bar Joseph’s best-seller by the same name and tells the allegedly “true story of high-ranking Egyptian official […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt and Pakistan bear 80% of the hep C “burden” in the Eastern Mediterranean region
Egypt and Pakistan bear 80% of the hepatitis C “burden” in the EasternMediterranean region, according to the World Health Organization (WHO) statistics stating that Egypt has the highest rate of Hepatitis C infections in the world. “Efforts are underway in several low- and middle-income countries, such as Egypt, Georgia, Indonesia, and Rwanda, to test and […]
Posted inEGYPT IN THE NEWS
Other international coverage
Other coverage worth noting in brief: We need to learn the lessons of Sadat’s failed 1977 economic reform drive, writesAbdellatif El-Menawy for Arab News in a piece very much worth a read this morning. US Senator Marco Rubio is using Egypt to raise his profile as a human rights defender in the era of Trump, […]
Posted inOn Deadline
Supply Ministry’s new wheat milling system will hurt public sector mills
Yes, of course. It’s all the Evil Private Sector’s doing: The new milling system for wheat that will see mills pay market prices is “dangerous” and will give private sector mills an advantage at the expense of their public sector counterparts, Mahmoud Diab writes for Al Ahram. Private sector mills will now be encouraged to […]
Posted inWorth reading
No matter where in the world you are, don’t expect a raise anytime soon
No matter where in the world you are, don’t expect a raise anytime soon: Despite employment growth in the developed world, growth in pay is confounding the predictions of global economists, Cesca Antonelli and Christopher Cannon write for Bloomberg. In Germany, which boasts strong unions, record-low unemployment and booming exports, annual wage growth since 2013 […]
Posted inDiplomacy + Foreign Trade
Alexandria Port Authority signs MoU with Romanian port
The Alexandria Port Authority signed an MoU with the Romanian port of Constanta to study possibly establishing a maritime trade route between them, according to Al Borsa.
Posted inHealth + Education
Health Ministry unlikely to yield to med price hike demands from producers
Health Ministry reports show no intention of increasing medication prices, but multinational manufacturers are pushing for a mandated price hike in August, said Osama Rostom, vice chairman of the Federation of Egyptian Industries’ pharma division, according to Ahram Gate. His statements came as the ministry completed assessing prices on 1,200 meds so far, says division […]
Posted inReal Estate + Housing
Golden Pyramids says asset sequestration by OCI unlawful
Golden Pyramids Plaza says Orascom Construction Industries (OCI) and Consolidated Contractors International began sequestering some of its assets “without any legal basis,” according to a bourse disclosure. Golden Pyramids Plaza says it is taking immediate legal action against OCI, asking for the sequestration to be annulled. The company also says the move does not have […]
Posted inReal Estate + Housing
PHD successfully concludes negotiations to reduce interest on its debts
Palm Hills Developments (PHD) has successfully concluded negotiations with its lenders to reduce interest rates on its medium-term debts, the company said in a regulatory bourse filing (pdf). The rate on a EGP 2.4 bn syndicated medium-term facility will be slashed to 1.75% over the lending corridor rate from 3.25% currently, while the interest rate […]
Posted inReal Estate + Housing
Aloula to spend EGP 350 mn on mortgage finance for low-income earners
El Taamir Mortgage Finance (Aloula) plans to lend EGP 350 mn as part of the CBE’s mortgage finance initiative to low-income house buyers, that will be funded by the Egyptian Mortgage Refinance Company, Chairman Hassan Hussein tells Al Borsa. The CBE’s initiative offers mortgage finance loans at 5% and 7% interest rates. The first phase […]