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The Qatar blockade is mostly all about Egypt, writes Marc Champion for Bloomberg. The demands imposed by the “Saudi-led” coalition have more to do with combating the Ikhwan than fighting international terrorism, he says while implying that both are somehow very different. He notes that 26 out of the 59 people placed on the coalition’s […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Other international coverage
Other international coverage over the past week worth noting in brief: The Investment Act is not too far off and could be a catalyst of further growth and increased FDIs, says the Oxford Business Group. The crackdown on the Ikhwan and terrorists in Egypt has led to many mistake arrests under unclear charges, Ruth Michaelson […]
Posted inWorth watching
Cairo, the mega city, as seen in 1993
In 1993, BBC thought Cairo would be a model for urban living in the year 2000: By the year 2000, “humankind will be an urban species for the first time in its history,” says the narrator of a fascinating 1993 BBC documentary about “mega city” Cairo (runtime 38:02). Our capital was presented by BBC as […]
Posted inDiplomacy + Foreign Trade
Egypt ready to resume participation in NBI
Egypt is ready to resume its membership in the Nile Basin Initiative if all countries commit to collective decision making and transparency on Nile projects, President Abdel Fattah El Sisi said at the Nile Basin Summit in Uganda, according to AMAY. El Sisi offered to host the gathering in Egypt next year.
Posted inDiplomacy + Foreign Trade
Hamas continues to warm up to Egypt
In another move aimed at improving ties with Cairo, Hamas announced it was working on a new buffer zone meant to tighten control along Egypt’s border with Gaza, writes Fares Akram for the AP. These initiatives appear to not go unnoticed by the Egyptian government, which reportedly sent 22 shipments of fuel to Gaza on […]
Posted inInfrastructure
Army’s new EGP 700 mn desalination plant to open in Hurghada in days
The Egyptian Armed Forces’ new EGP 700 mn Yosr water desalination plant in Hurghada is set to begin operations in a few days’ time, AMAY reports. The plant will reportedly be the Middle East’s largest to date.
Posted inBasic Materials + Commodities
Turkey could take over from Egypt as top importer of Russian wheat
Turkey could be replacing Egypt as the top importer of Russian wheat since the Ukraine and Romania have been offering it lower prices, Reuters says. Russian exporters have charging premiums on their products as collateral for potential risks in Russia and Egypt, such as the instability of the Russian rouble and Egypt’s flip-flopping on the […]
Posted inBasic Materials + Commodities
Egypt’s date exports rise 32% year-on-year in 1Q2017
Egypt’s date exports rose 32% year-on-year in 1Q2017 to 17.3k tonnes, up from 13.1k tonnes during the same period last year, Trade and Industry Minister Tarek Kabil said, Youm7 reports.
Posted inManufacturing
Danieli to secure loan for USD 1 bn steel complex in SCZone in July
Italy’s Danieli Group is expected to secure a loan in July to begin work on a USD 1 bn steel manufacturing plant in Ain Sokhna, Suez Canal Economic Zone Chairman Mohab Mamish said, according to Al Mal.
Posted inTourism
Hotel occupancy rates soar over Eid break
Hotel occupancy rates in Sharm El Sheikh, Hurghada, Alexandria, and the North Coast soared over Eid break, Al Borsa reports. Hotels in Hurghada and Sharm El Sheikh, where visitors were mostly Egyptian and Arab tourists, reported occupancy rates of 60-70% during the break. Meanwhile hotels in the North Coast, whose prices roseby 40% year-on-year, and […]