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Egypt may have turned a leaf on its economy thanks to tough reforms taken by the government, writes Nabilah Annuar for CPI Finance. While acknowledging that inflation had reached a multi-decade high, Annuar states that the reforms have led to major foreign inflows and saw reserves rising. Winning over the confidence of multilateral institutions such […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt’s farmers turn to agriculture schools to combat climate change
Egypt’s farmers, hit hard by global warming, have turned to FAO agriculture schools to learn about better techniques for farming and adapt their methods to changing conditions, Quartz reports. FAO opened 15 schools in Assuit, Aswan, Beni Suef, Fayoum and Sohag, and says its courses have helped farmers in Beni Suef increase their yields by […]
Posted inOn Deadline
Sudanese Foreign Minister swept tensions with Egypt under the rug
Sudanese Foreign Minister Ibrahim Ghandour’s statements glorifying Egypt-Sudan relations swept very real tensions between the two countries under the rug rather than facing them head-on, Emad El Din Hussein writes in a column penned for Al Shorouk. While Ghandour may have intended to minimize the rift, the fact of the matter is that Egypt and […]
Posted inWorth reading
Mohieldin says sustainable development in the Arab world comes with private sector partnership
Mahmoud Mohieldin: The Arab world needs to accept the private sector as a partner in creating sustainable development. “Arab countries must move fast to build a more sustainable economy, underpinned by greater private-sector creativity and vitality, improved public services, and the creation of regional and global public goods,” World Bank Group Senior VP and former […]
Posted inDiplomacy + Foreign Trade
Shoukry, Al Jubeir talk regional issues, counterterrorism
Foreign Minister Sameh Shoukry has a busy week: Following his meeting with Saudi’s Foreign Minister, which almost directly preceded the severing of ties with Qatar, Shoukry also met a Hamas delegation led by its recently-minted head honcho in Gaza, Yehia Sinwar, and Deputy Interior Minister Tawfik Abu Naim in Cairo yesterday for talks with Egyptian […]
Posted inDiplomacy + Foreign Trade
Daba’a nuclear plant construction to possibly start before year-end
Construction of the Daba’a nuclear plant is expected to begin before year-end, Russian ambassador to Cairo Serge V. Kirpichenko said, according to Ahram Gate. On the issue of resuming flights to Egypt, he said the signing of a governmental memorandum to guarantee airport safety is a pending issue. Kirpichenko also noted separately that the joint […]
Posted inEnergy
AFD offers EUR 150 mn for electricity, renewable energy technical assistance
The French Development Agency (AFD) wants to offer EUR 150 mn in technical assistance for electricity and renewable energy projects in Egypt, said Stephanie Lanfranchi, Country Director for Egypt, according to Al Masry Al Youm. Electricity Minister Shaker will reportedly meet with Lanfranchi in mid-June to move talks forward.
Posted inReal Estate + Housing
Chinese investments in New Capital could be bad news for local firms –MEED
The resumption of talks with Chinese firms interested in building the USD 20 bn New Administrative Capital could be a bad sign for local firms, Hossam Abougabal writes for MEED, who argues the Chinese are crowding out local contractors. China Fortune Land Development and China State Construction Engineering could get “preferential treatment,” he writes, adding […]
Posted inTelecoms + ICT
MNOs in talks to redistribute frequencies geographically
The country’s incumbent MNOs are in talks with each other and the National Telecommunication Regulatory Authority (NTRA) to redistribute the geographic allocation of mobile network frequencies and ensure that all three can deliver the same quality of service across the country, unnamed executives tell Al Shorouk. MNOs are expecting to receive 4G frequencies this month, […]
Posted inAutomotive + Transportation
EUR 360 mn loan from EBRD for Cairo Metro Line 1 to be signed within a month
Egypt will sign an agreement with the European Bank for Reconstruction and Development (EBRD) for a EUR 360 mn loan to back an overhaul of Cairo Metro Line 1 within a month, Transport Minister Hisham Arafat tells Al Mal. Line 1 is in need of a nearly EUR 1 bn overhaul, the minister had said […]