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Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
Improving EU wage dynamics will drive FDI in Morocco, Tunisia, Egypt, and Turkey
Improving wage dynamics in the EU will apparently help drive foreign direct investment in Morocco, Tunisia, Egypt, and Turkey, according to a report from Renaissance Capital (pdf). 13 European countries have reportedly reached “peak” wages, driven in particular by Central European states. This increase looks set to continue, driving inflation, according to the report. MENA […]
Posted inImage of the Day
TTG talks up Soma Bay
Soma Bay is one of Egypt’s best-kept secrets, writes Abra Dunsby for TTG Media. The Red Sea resort offers windsurfing, sailing, and diving experiences, with the newest activity being the opening of the Somasplash Waterpark this summer. “Soma Bay has also been rated one of the world’s best kitesurfing spots with calm, clear waters and […]
Posted inEGYPT IN THE NEWS
Arrest of Yusuf Al Qaradawi’s daughter, son-in-law leads international coverage of Egypt
The arrest of exiled cleric Yusuf Al Qaradawi’s daughter and her husband on charges of funding the Ikhwan led coverage of Egypt in the international press this morning. Security forces arrested the couple on Sunday at a North Coast resort and will be detaining them for 15 days pending investigations, the Associated Press says.
Posted inEGYPT IN THE NEWS
Egypt’s austerity measures are good for investors, bad for the people
Austerity measures in Egypt have been good for investments but no so much for the people, Farid Y. Farid writes for QZ. While reform measures, including the recent hike in fuel prices, have “paid off handsomely with the EGP ranking as one of the best performing currencies this year,” he says, “the painful belt tightening […]
Posted inEGYPT IN THE NEWS
Reflecting on the 30 June revolution, four years on
Reflecting on the 30 June uprising four years later: A number of publications have put out pieces on the fourth anniversary of the toppling of Morsi. The Arab Weekly’s Amr Emam recounts the details of the Ikhwan’s short-lived ruling period and the 30 June revolution that left the organization “in tatters.” The piece is particularly […]
Posted inEGYPT IN THE NEWS
Revolution art features in foreign press
The foreign press also appears to be taking note of artistic works and artists inspired by the January 25 uprising. Omar Robert Hamilton’s debut novel, The City Always Wins, which chronicles the aftermath of the 2011 uprising in Tahrir Square, snagged itself a neat review from The Atlantic on Monday. Meanwhile, Gulf News’ Marwa Hamad […]
Posted inOn Deadline
Improved economic conditions will speak louder than CBE governor’s statements to the press
The strengthening EGP speaks louder for the success of the CBE’s monetary policy than any of CBE Governor Tarek Amer’s statements and comments to the press, Mohamed Amin writes in a column penned for Al Masry Al Youm. This time around, the change in FX rates was not caused by speculation, but instead came after […]
Posted inDiplomacy + Foreign Trade
President El Sisi meets with Hungarian President, PM, House Speaker, attends joint business forum
President Abdel Fattah El Sisi presented Egypt’s counterterrorism strategy to Hungarian President János Áder during his visit to Budapest, stressing the importance of international cooperation against terrorism sponsoring states, according to an Ittihadiya statement. The president also discussed with Hungarian Prime Minister Viktor Orbán bilateral economic ties, regional matters, and cooperation on counterterrorism, as well […]
Posted inDiplomacy + Foreign Trade
Egypt's chemical exports rise 33% between Jan and April, construction materials exports up by 30% y-o-y in Jan-May
Export councils for steel, chemicals, and construction materials are reporting major growths in exports this year. Steel rose a whopping went up by 255.8% y-o-y during the same period, recording USD 402 mn. Egypt’s chemical exports increased 33% y-o-y between January and April to USD 1.33 bn, Al Borsa reports. Fertilizer exports rose 61% y-o-y […]