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Uber CEO Travis Kalanick is out: Travis Kalanick told staff he plans to take a leave of absence and has not specified when he plans to return, Bloomberg reports. A management committee will be set up to run the company in his place.
Author Archives: enterpriseam admin
Posted inSpeed Round
US Attorney General denies he partook in back-channel talks with Russia
Sessions denies involvement with Russia: US Attorney-General Jeff Sessions denied during a Senate hearing yesterday that he was party to an alleged conspiracy between now-President Donald Trump and the Russian government during the 2016 US presidential elections, the Financial Times reports. However, Sessions’ strategy throughout the hearing was largely based on “stonewalling,” as he refused […]
Posted inUncategorized
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Posted inImage of the Day
A refugee camp in Egypt hosted European asylum seekers in WWII
European asylum seekers lived in El Shatt refugee camp in the desert near the SuezCanal for 18 months during the Second World War, according to a photo essay by the UK’s Metro. The photo essay shows glimpses of life in El Shatt, which was established to host tens of thousands of those who fled Yugoslavia […]
Posted inEGYPT IN THE NEWS
Smurf Islands handover tops coverage of Egypt
Topping coverage of Egypt in the foreign press this morning is the House ofRepresentative’s Legislative Committee voting to approve the Tiran and Sanafir handover agreement. AP’s coverage of the recent reported clashes between protesters outside the Press Syndicate and the police was picked up extensively. Others such as Al Jazeera and the Times of Israel […]
Posted inWorth watching
EgyptAir rips off El Al
EgyptAir or its agency have ripped off an ad from Israel’s El Al: It is no surprise that many in the Egyptian media and ad industries take inspiration (for lack of a better word) from abroad. But EgyptAir’s media ad guys took it to a whole new level, jumping on the Israeli’s El Al’s media […]
Posted inDiplomacy + Foreign Trade
Egypt eases travel restrictions on Qatar
Egypt marginally eased travel restrictions on Qatar and will allow airlines and aircraft that are not registered in Egypt or Qatar to use its airspace to fly to and from Qatar, the civil aviation ministry said on Tuesday, according to Reuters. This follows a series of similar decisions by the UAE and Bahrain to set […]
Posted inEnergy
Egypt to reduce imports of LNG by 30% starting from September -source
Egypt will reduce its monthly imports of LNG by 30% starting from September, Reuters’ Arabic service reports, citing an EGAS official. The official says Egypt is importing 10 LNG cargoes each month in June and July and this amount will be reduced to seven in September. The imports will be reduced further still to five […]
Posted inEnergy
Production from West Nile Delta development phase two expected ahead of schedule
The Petroleum Ministry is committed to start production from phase two of BP’s West Nile Delta (WND) concession ahead of the 2019 scheduled date, Petroleum Minister Tarek El Molla said, according to Al Masry Al Youm. BP wants to bring the development’s Fayoum and Giza fields on stream end of 2018, with a daily production […]
Posted inEnergy
AfDB plans to allocate USD 40 mn to Shapoorji FiT projects
The African Development Bank (AfDB) is looking to allocate another c.USD 40 mn in funding to two solar feed-in tariff (FiT) projects by India’s Shapoorji Pallonji Group, sources tell Al Borsa. Shapoorji has already signed agreements with AfDB, the IMF, and the Islamic Bank to finance its USD 85 mn 50 MW power station. The […]