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Reuters’ Ali Abdelaty recounts the horror witnessed by the victims of the terrorist attack on a group of Coptic Christians traveling to a monastery in Minya. Abdelaty talks to a 10-year-old son of one of the victims, who is now “receiving therapy at a local church, in the absence of any treatment from the government.” […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Sallam asks about the trade-off between self-care and activism
Where is the middle ground between protecting your mental health as an activist and doing effective work, Yara Sallam asks in Open Democracy. She says when she first started her career she “had not received any training or advice on how to separate myself from my work, and that lack of preparation and awareness affected […]
Posted inOn Deadline
Low-income citizens are being shielded from price increases at the expense of the middle class
Same old tune: Postpone the subsidy cuts, because they hurt: The state may be trying to shield low-income citizens from the burden of economic reform, but it’s simultaneously pushing the country’s middle class to its breaking point, Hamdy Rizk writes in a column penned for Al Masry Al Youm. Rizk plays the same tune as […]
Posted inDiplomacy + Foreign Trade
Nasr discusses increasing investments with UK companies
Investment and International Minister Sahar Nasr discussed investment opportunities with a number of UK companies, according to a ministry statement (pdf). Vodafone is spending EGP 2 bn on expansion in Egypt this year, External Affairs and Legal Director Ayman Essam told Nasr. GlaxoSmithKline’s investments in Egypt reached USD 800 mn, chairman Amr Mamdouh also told […]
Posted inDiplomacy + Foreign Trade
AIIB to study Egypt’s funding requests in September
The Asian Infrastructure Investment Bank (AIIB) will look into Egypt’s pipeline of projects it wants funded, including those in renewable energy, in September, Finance Minister Amr El Garhy said, according to Al Masry Al Youm. El Garhy attended the 2017 board of governors meeting of AIIB in South Korea, where he also met with his […]
Posted inDiplomacy + Foreign Trade
Designating the Ikhwan as a terrorist group is “a complicated process” -Congress members
Designating the Ikhwan as a terrorist group is “a complicated process,” members of Congress told the Egyptian parliamentary delegation that was in Washington, DC last week, MP Mohamed Abu Hamid tells Al Shorouk. The US has diplomatic ties and mutual interests with countries currently allied to the Ikhwan, and labeling the group as terrorists would […]
Posted inDiplomacy + Foreign Trade
Egypt to provide 500 tonnes of oil per day for its power plant
Egypt will supply Gaza with 500 tonnes of fuel oil per day through the Rafah border crossing to allow itspower stations to run normally, according to The Times of Israel. It is not clear how the cost will be covered for Egyptian fuel oil, if at all.
Posted inEnergy
Foreign companies submit proposals for waste-to-energy plants at varying feed-in tariff rates
Two foreign companies have submitted proposals to the environment and electricity ministries for waste-to-energy plants at varying feed-in tariff (FiT) rates, Assistant Environment Minister Fatma Mohsen said, Al Borsa reports. According to Mohsen, a Portuguese company submitted a proposal with an estimated tariff of EGP 1.45 per kWh, while a Chinese company’s offer sets the […]
Posted inInfrastructure
USD 400 mn multi-purpose station to be built at Nuweiba port
The Ismail cabinet approved the establishment of a USD 400 mn multi-purpose station at Nuweiba port on an area of 137k sqm, Al Borsa reports. The project’s conditions are being finalized, says Red Sea Ports Authority chairman Hisham Abou Senna, without specifying when the project will be launched. Separately, feasibility studies for a freezone in […]
Posted inBasic Materials + Commodities
Domestic wheat purchase season over, gov’t buys 3.4 mn tonnes
The Supply Ministry announced that the domestic wheat purchase season ended yesterday after the government hit its target of buying 3.4 mn tonnes, Al Masry Al Youmreported. Reuters is noting that the government did not meet its target of 3.5-4 mn tonnes. The government paid a total of EGP 13 bn for its purchases and […]