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Security officials let their guard down and allowed terrorism to thrive even though they knew of ongoing security threats, the head of the pro-government Support Egypt Coalition, Mohamed Elsewedy. Elsewedy said officials whose incompetence allowed the attack must be held accountable, according to Al Shorouk. Elsewedy’s remarks were made in the wake of a weekend […]
Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
EFG Hermes’ Khalpey sees a USD 500 mn headache as Pakistan is upgraded to emerging market status at month’s end
Pakistan’s USD 500 mn headache: EFG Hermes Frontier CEO Ali Khalpey says “Pakistani equities [could be] so popular with overseas funds this week that the country’s stock market could attract more money than it can handle the day before MSCI Inc. restores the nation to emerging-market status,” Bloomberg reports. Says Khalpey: “It’s a big number […]
Posted inWorth reading
Peter Drucker’s 50-year-old management book is on our TBR list
We’re more “entrepreneurs” than we are “managers” and we don’t much care for Inc magazine’s contributor network (much as we love its staff writers), but “The 50-Year-Old Business Book You Need to Read (or Reread) Right Now” has us wondering whether it’s not time to acquire a copy of Peter Drucker’s The Effective Executive. The […]
Posted inEGYPT IN THE NEWS
NGO law tops coverage of Egypt in int’l press
Topping headlines on Egypt in the foreign press this morning are pickups of wire coverageof the signing into law of the controversial NGO bill. The stories play up the criticism of the law by domestic NGOs and international rights groups, who uniformly say the law would effectively lead to the shutdown of many groups. Even […]
Posted inOn Deadline
Columnists remain focused on the state’s ability to fight terrorism
The nation’s columnists remain focused on the state’s ability to fight terrorism. Mohamed Aboul Ghar takes to the pages of Al Masry Al Youm to question the security apparatus’ efficiency in stopping terrorist attacks before they take place, saying that they seem to be too preoccupied with monitoring activists on social media platforms to direct […]
Posted inWorth watching
Want a fire haircut? You can now get one in Egypt
Why one would use fire to style someone’s hair is beyond us, but the practice has made its way to Egypt. Mohamed Hanafy sets his clients’ hair on fire while cutting and styling it, claiming it prevents split ends and dandruff, and helps maintain the style longer. Hanafy’s technique is inspired by Pakistan’s Shafqat Rajpur, […]
Posted inEnergy
EBRD offers EUR 350 mn to fund 16 feed-in tariff projects
The European Bank for Reconstruction and Development (EBRD) will present offers to provide EUR 350 mn in funding to finance 16 renewable energy projects as part of the feed-in tariff program on 7 June, Al Mal reports. Catarina Bjorlin Hansen, the bank's deputy head for Egypt, says EBRD intends to increase the funds allocated to […]
Posted inEnergy
JICA provides USD 243 mn loan for electricity automated control centers
The Japanese International Cooperation Agency (JICA) is extending a USD 243 mn funding facility to the Electricity Holding Company to fund automated control centers in Alexandria at a at a 0.01% interest rate, Northern Delta, and Northern Cairo, Al Borsa reports. A tender will be launched next month to choose the implementing companies. Siemens, General […]
Posted inInfrastructure
Planning Ministry allocates EGP 572.5 mn for wastewater treatment projects
The Planning Ministry approved an additional allocation of EGP 572.5 mn over what is budgeted for in FY2016-17 for sanitation and drinking water projects, Al Masry Al Youm reports. EGP 272.5 mn will be used to fund a wastewater treatment plant in Abu Rawash in Giza, Minister Hala El Said said. The remaining EGP 300 […]