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CORRECTION - We have a couple of Mia Culpas from yesterday’s issue. It was actually Tanmeyah Microfinance which would be receiving a EGP 500 mn facility from Banque Misr, not Tanmiya Capital Ventures (which currently goes by TCV) as we had noted. We had also misquoted supermarket chain Spinneys’ CEO Mohanad Adly as saying that […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Volkswagen announced plans to sell cars in Iran for the first time in 17 years
We are seeing a flurry of activity heading towards Iran these days, as Volkswagen announced plans to sell cars in Iran for the first time in 17 years, taking advantage of easing sanctions to expand. Volkswagen has signed a contract with local importer Mammut Khodro to offer Tiguan compact SUVs and the Passat family car. […]
Posted inSpeed Round
North Korea announces the successful launch of an ICBM missile
In other rogue nation news: the world just apparently got a little less safer, after North Korea announced that it successfully launched an ICBM, with the potential to hit the continental US. US Secretary of State Rex Tillerson called the move a “new escalation of the threat” to the U.S. and its allies that the […]
Posted inUncategorized
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Posted inImage of the Day
Old-school TripAdvisor discovered in Ancient Egyptian tombs
Old-school TripAdvisor discovered in Ancient Egyptian tombs: Polish archaeologists have found messages tourists carved into the walls of tombs at the Valley of the Kings around 2,000 years ago, according to the Daily Mail, suggesting that people’s love of writing reviews predates the Internet by a few centuries. While most see the messages as graffiti […]
Posted inEGYPT IN THE NEWS
Prosecution case in Halawa trial set to end this month
It was an incredibly slow news night for Egypt in the foreign press this morning. Beyond the two stories we are going to mention below, all we can hear on Egypt was cricket chirps. Surprisingly, topping coverage of Egypt appears to be Irish citizen Ibrahim Halawa, whose trial has been finally set by the Prosecutor […]
Posted inEGYPT IN THE NEWS
It’s all Qatar all za time
Apart from that, it’s been all Qatar all za time. Nothing interesting by way of opinions on the issue, with coverage mostly centering on the countdown to the expiration of Egypt and its allies’ deadline. Gulf Times is running a piece on how apparently Egypt has failed to persuade countries participating in the African Union […]
Posted inOn Deadline
The government knows how much prices are rising, but isn’t going to interfere
Parliament MPs can forget about ludicrous proposals for price controls: The government is well aware of how much prices rise in the local market after each reform measure it enacts, but it will not interfere to put a cap on these prices or exercise any other form of mandatory control, Mahmoud Khalil writes for El […]
Posted inWorth reading
How China uses countries like Egypt to expand coal power plants despite climate
How China uses countries like Egypt to shirk climate change duties: It appears China seizing the reins of leadership on climate change from the US is a little disingenuous considering that the country is engaged in a number of big coal developments, writes Hiroko Tabuchi for the New York Times. While China halted plans for […]
Posted inWorth watching
A mosalsal we can actually see ourselves watching, courtesy of Peace Cake Productions
Ramadan satire at its finest: Throughout Ramadan, comedy troupe Peace Cake Productions released a series of videos satirizing the (undisputed) worst parts of entertainment in the Holy Month. First on their hitlist: Ramez Galal’s annual prank show. Set in Mecca during the early Islamic period, the comedy troupe’s sketch Ramez Sakr Quraysh (runtime: 1:33) hilariously […]