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Embattled Uber boss Travis Kalanick resigned as CEO of the company on Wednesday, Bloomberg reports. The move comes after five of Uber’s major investors, including Benchmark Capital, wrote him a letter demanding his immediate resignation. His departure will leave the company scrambling to replace senior management including senior VP of Business Emil Michael and President […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inWorth reading
Voss Water is [redacted]
“Voss Water Is [redacted]” is the best (read: most sarcastic, yet endearingly earnest) brand takedown we’ve read in ages. Courtesy Vice: “If you hold a bottle to your ear, you can hear their marketing team laughing at you. …If someone had inexplicably set out to create a parody of a pretentious bottled water, Voss might […]
Posted inEGYPT IN THE NEWS
Constitutional Court’s decision on Tiran, Sanafir tops coverage
Yesterday’s episode of Smurf Islands, namely, the Supreme Constitutional Court’s decision nullifying all verdicts on the handover of the islands, topped coverage of Egypt in the international news. Most contented themselves with running wire reports, adding only that the decision will further complicate the issue. Not far from the top is coverage of Egypt supplying […]
Posted inOn Deadline
Parliament’s activities are mired in legal and constitutional issues
Our parliament’s activities are mired in legal and constitutional issues that have resulted in the institution losing its credibility, Hassan Al Azhary writes for Al Shorouk. Most of the issues have to do with parliament doing away with transparency standards, such as its abrupt decision to stop broadcasting its discussion sessions, which took away constituents’ […]
Posted inWorth watching
Using cheese as collateral in Italy
Italians essentially invented modern banking. And they make amazing cheese. Why not combine the two? Credito Emiliano is one of those ideas you get when you have a little too much wine and parmesan. It’s a bank whose system of credit relies on the deposit and collateralization of cheese. Parmigiano-Reggiano to be exact, according to […]
Posted inImage of the Day
3,000-year-old prosthesis found near Luxor could be oldest in human history
3,000-year-old prosthesis found near Luxor could be oldest in human history: Swiss Egyptologists have examined a 3000-year-old prosthesis, a wooden big toe that was found at the graveyard hill of Sheikh Abd el-Qurna near Luxor, according to a University of Basel press release. Experts believe it could be one of the oldest prosthetic devices in […]
Posted inDiplomacy + Foreign Trade
Nasr signs agreement with UNDP to establish development fund
Investment Ministry, UNDP to establish USD 50 mn development fund: Investment and International Cooperation Minister Sahar Nasr signed an agreement with the United Nations Development Programme (UNDP) to establish the first investment fund for development projects in Egypt with a target capital of USD 50 mn, according to a ministry statement. The fund, which will […]
Posted inDiplomacy + Foreign Trade
Egypt trucks fuel to Gaza, Hamas says relationship getting better
Egypt trucked 1 mn litres of inexpensive diesel fuel to Gaza’s sole power plant, Fares Akram reports for the Associated Press. Akram says the shipment is “rare” and eases an electricity crisis temporarily, but it also appears to undercut Palestinian President Mahmoud Abbas, who has been trying to get Hamas cede ground in Gaza. The […]
Posted inEnergy
Shell wins E&P tender in North Um Baraka concession
Shell won exploration rights in the North Um Baraka concession in the Western Desert, Oil Minister Tarek El Molla announced yesterday, Al Borsa reports. No details were provided on the expected investment value. El Molla, Shell VP Sami Iskander, and Shell Egypt Managing Director Gasser Hanter also met yesterday discussed drilling new wells in its […]