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Trade Ministry downplays supposed Saudi strawberry ban as “procedural” matter: Saudi Arabia’s Agriculture Ministry has only imposed new regulatory procedures for imports of Egyptian strawberries and guavas and has not banned the imports altogether, the Trade and Industry Ministry said, according to Al Ahram. Under the new procedures, Egyptian exporters must present documentation proving their […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Aur Capital to invest EGP 22 bn over the next five years
Former Investment Minister Ashraf Salman says his new private equity outfit, Aur Capital, will invest as much as EGP 22 bn in the next five years, Daily News Egypt reports (that about USD 1.2 bn if you, like us, are still struggling with the FX conversion math). The consumer-focused GP will launch in December and […]
Posted inSpeed Round
Strategy blueprint to turn Egypt into an energy hub to be ready by November
A government blueprint to begin transforming Egypt into a regional energy hub will be completed in November, Al Borsa reports. The strategy, which is being put together by a group of consultants hired by the Oil Ministry, aims to boost Egypt’s role in trading and storing crude oil, petroleum products, and natural gas, in addition […]
Posted inSpeed Round
Engie acquires 40% stake in Tabreed ahead of expansion in region
France's Engie will acquire a 40% stake in Dubai's National Central Cooling Company (Tabreed) to help drive the company's expansion in Egypt, Turkey, and India, Reuters reports. Engie will pay USD 762 mn for the stake in the UAE-based cooling and building infrastructure company. “Tabreed will become one of Engie's main regional development platforms and […]
Posted inSpeed Round
Egypt does poorly on Talent Competitiveness Index
Egypt is ranked 88th globally and third from the bottom in MENA region on the Talent Competitiveness Index by INSEAD Business School, Google, and the Center for Economic Growth. The index ranks countries based on their ability to attract, grow, and retain talent. “While the UAE ranked first among the MENA countries and made to […]
Posted inSpeed Round
An Egyptian among the nominees for the AIF’s Prize for Africa
Egypt’s Aly El Shafei is among the top 10 nominees who will be competing for The African Innovation Foundation (AIF)’s 2017 Innovation Prize for Africa, which will be awarded in Ghana on 18 July. El Shafei presented the Smart Electro-Mechanical Actuator Journal Integrated Bearing (SEMAJIB), a patented innovation that is designed to be used to […]
Posted inSpeed Round
17-year-old girl of Egyptian origins killed in suspected hate crime in US
A 17 year-old Muslim girl of Egyptian origin was assaulted and killed in the early hours of Sunday as she walked home after taraweeh prayers at a mosque near Washington, The Guardian reports. The dead child, Nabra Hassanen was of Egyptian origin. A potential hate crime is one of the possible motives under investigation, according […]
Posted inUncategorized
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Posted inImage of the Day
Ancient Rome apparently had a thing for Nile-born Egyptian crocodiles
Ancient Rome apparently had a thing for Nile-born Egyptian crocodiles: The expansion and wealth of the Roman republic saw magistrates and officials begin using its vast arenas “to impress the masses and promote their own personal brand through the display of exotic animals in a kind of fatal zoo-aquarium,” writes an assistant professor of classics […]
Posted inEGYPT IN THE NEWS
We have Egypt to blame for our collective obsession with cats
We have Egypt to blame for our collective obsession with cats: In case you needed further proof of the internet’s obsession with cats, the leading story on Egypt in the foreign press this morning happens to be a genetic study in the journal Nature Ecology & Evolution that found that most modern domestic felines trace […]