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Global growth will be slower, more sustained: Goldman Sachs Research’s Chief Economist Jan Hatzius expects “good” economic growth to continue in 2H2017 but without much of the “acceleration” seen in the “last year or year and a half.” In one of the firm’s 2017 mid-year outlook videos (runtime 02:55), Hatzius says growth will be slower […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
El Warraq clashes tops coverage of Egypt in the foreign press
Topping coverage of Egypt in the foreign press this morning are pickups of the clashes at El Warraq, where one resident of the neighborhood was killed and fifty policemen were injured. Most of the coverage, particularly pickups of the Associated Press, appeared to focus on the poor timing of the campaign in the wider context […]
Posted inEGYPT IN THE NEWS
Other coverage in the international press
Also worth noting in brief this morning: Disney has cast Egyptian-Canadian actor Mena Massoud to play Aladdin in the reboot of the film. Will Smith will take the role of the Genie and Naomi Scott will play Jasmine. President Abdel Fattah El Sisi is seeking to quiet opposing voices ahead of presidential elections, Salma Islam […]
Posted inOn Deadline
Raising interest rates will have widespread negative repercussions, and reap few benefits
Raising interest rates will have widespread negative repercussions, and reap few benefits, Mohamed Ali Ibrahim writes in a column penned for Al Masry Al Youm. In addition to bringing investment to a grinding halt due to the high cost of borrowing, high rates will significantly increase the state’s debt service burden, he points out. He […]
Posted inWorth reading
Has the war against corporate BS been lost?
Has the war against corporate BS been lost? The FT’s inimitable Lucy Kellaway thinks so, writing that “Over the past two decades …business B.S. [she writes it out in full] has got a man per cent more B.S.y. Not only has production risen in aggregate, the worst individual offenders have gone on surpassing themselves… Howard […]
Posted inWorth watching
Hesitant: Ashraf Hamdi’s portrayal of heartache through a WhatsApp voice note
Heartache in a WhatsApp voice note: With nothing more than a voice note and unfussy footage of a girl playing with her hair, actor / director / scriptwriter Ashraf Hamdi’s short film, Hesitant, gives us insight into an unseen narrator’s heartache. Complete with the beeps and pops of sending a voice note on WhatsApp, the […]
Posted inDiplomacy + Foreign Trade
Swedish Foreign Trade Minister to visit Egypt in November
Sweden’s Minister for EU affairs and Trade Ann Linde will visit Egypt in November, the Swedish embassy’s First Secretary for Political, Economic and Cultural Affairs Radoslav Živković tells Al Mal. An Egyptian business delegation is also set to visit Sweden in the autumn to explore investment opportunities in health and renewable energy, he adds. Egypt […]
Posted inDiplomacy + Foreign Trade
President El Sisi discusses economic cooperation with Argentinian Vice President
President Abdel Fattah El Sisi discussed economic cooperation with Argentina’s Vice President, Marta Gabriela Michetti, in Cairo, according to a statement from Ittihadiya. This comes after Argentina’s parliament approved the freetrade agreement between Egypt and the Mercosur in May. Argentina and Egypt can cooperate in agriculture, scientific research and technology, renewable energy, education, culture and […]
Posted inDiplomacy + Foreign Trade
El Sisi talks cooperation with French President Macron
President Abdel Fattah El Sisi and French President Emmanuel Macron discussed Egyptian-French cooperation on regional and international issues during a phone call yesterday, according to an emailed Ittihadiya statement (pdf). El Sisi stressed the need for international cooperation to reach political solutions to the ongoing crises in the Middle East and restore stability, including in […]
Posted inEnergy
Electricity Holding Company to sign two loans worth EGP 37 bn
The Egyptian Electricity Holding Company expects to sign two loan agreements worth EGP 37 bn with Banque Misr and National Bank of Egypt next week, Al Borsa reports. The financing will be allocated to expanding and improving the national grid as well as increasing power supply, sources tell the newspaper.