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The Interior Ministry has decided to raise its security alert level in anticipation of possible terror attacks as a reaction to “the current situation in the region,” a ministry source tells MENA news agency, according to Ahram Online. The source said that security measures have been tightened at vital state facilities, religious sites and houses […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Wonder Woman has pounded Tom Cruise’s The Mummy to dust
Wonder Woman (not yet in Egyptian cinemas, to the nine-year-old’s chagrin) has “pounded Tom Cruise’s The Mummy to dust” in its opening weekend, Deadline reports. Wonder Woman is getting 93% fresh on Rotten Tomatoes. The New York Times gave it a positive note, the New Yorker is a ridiculously pretentious fan of the flick, and […]
Posted inTHE MARKETS YESTERDAY
BY THE NUMBERS
EGP / USD CBE market average: Buy 18.0379 | Sell 18.1397 EGP / USD at CIB: Buy 18.05 | Sell 18.15 EGP / USD at NBE: Buy 17.95 | Sell 18.05 EGX30 (Thursday): 13,648 (+0.4%) Turnover: EGP 1.0 bn EGX 30 year-to-date: +10.8% THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.4%. CIB, […]
Posted inCALENDAR
26 May-23 June (Friday-Friday): Window for firms to submit expressions of interest to the European Bank for Reconstruction and Development for consulting on Egypt’s oil and gas sector reform, London, UK. 22 June (Thursday): Nile Summit scheduled to be held in Uganda. 26-28 June (Monday-Wednesday): Eid Al-Fitr (TBC). 30 June (Friday): 30 June, national holiday. […]
Posted inOn Deadline
Government needs to formulate a plan for reclaimed state lands
The next step in the land reclamation saga is for the government to formulate a clear plan for how it wants to make use of the nearly 2 mn feddans of land it has retaken, Mohamed Amin writes for Al Masry Al Youm. The state needs to make clear both a pricing system and regulations […]
Posted inWorth reading
Outsourcing service centers in Egypt can be implemented on large scale
What sets Egypt apart from other nearshore destinations in Europe is the possibility of implementing service centers on a meaningful scale, “like the Philippines and India,”the Outsourcing Destination Guide Egypt suggests. The Outsourcing Destination Guide Egypt is an independent information guide created by German Outsourcing Association in cooperation with the Information Technology Industry Development Agency […]
Posted inDiplomacy + Foreign Trade
Parliamentary delegation heading to Washington for talks with US officials
Parliament to send delegation in DC to lobby against the Ikhwan, support for NGO Law: A delegation from the House of Representatives will be in DC on Saturday to lobby members of Congress to support a bill designating the Ikhwan a terrorist organization, Ahram Online reports. MPs will also hope to sway views on the […]
Posted inDiplomacy + Foreign Trade
El Sisi meets with Burkina Faso’s President
President Abdel Fattah El Sisi met yesterday with Burkina Faso’s President Roch Marc Kaboré, according to an Ittihadiya statement. El Sisi urged Kaboré to look into investing in Egypt’s infrastructure and energy projects. Kaboré is scheduled to meet with the Union of Egyptian Investors Association today to discuss investment opportunities, Al Shorouk reports.
Posted inDiplomacy + Foreign Trade
Anti-dumping steel tariffs came into effect on Tuesday
New anti-dumping steel tariffs imposed on China, Ukraine, and Turkey came into effect on Tuesday, the Trade and Industry Ministry said on Wednesday, according to Reuters. They will be imposed for a four month period.
Posted inEnergy
Egypt among six countries where renewables are least expensive option
Egypt is one of six countries where renewables are becoming the least expensive option, according to a report by renewable energy policy network REN21, The Statesman reports. Renewable energy in Egypt, India, Denmark, Mexico, Peru and the UAE is being delivered at USD 0.05 per kWh or less. “The renewable cost is well below equivalent […]