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El Sisi denies Al Bashir’s accusations of intervention in Sudan at Wednesday presser: Egypt’s foreign policy is “based on non-intervention in foreign countries’ affairs” and has never conspired against Sudan or any other country, President Abdel Fattah El Sisi told the press on Wednesday, according to a statement from Ittihadiya (pdf). The statements came during […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt needs to create more rural jobs, Mohieldin says
Former investment minister Mahmoud Mohieldin speaks with Al Mal: Egypt needs to focus more on creating employment opportunities away from urban centers and in rural areas, former Investment Minister Mahmoud Mohieldin told Al Mal in an interview. Creating job opportunities for the unemployed will have a more substantial impact on families than across-the-board increases in […]
Posted inSpeed Round
Raising rates was the right decision -Werr
Raising interest rates was “absolutely the right decision, and it was long overdue,” Patrick Werr writes in The National. He says inflation before the price shock that followed the EGP flotation was already high, placing the blame on the “rapid expansion of the money supply over the past few years.” He says governments, since 2011, […]
Posted inWorth watching
The future of investment in space
Forget markets. Think: The final frontier: “Space is becoming smaller, closer and cheaper, reinventing an industry that has stagnated for decades and making room for new applications, new technologies and competitors,” says Noah Poponak, aerospace and defense senior equity research analyst in Goldman Sachs Research. This plays out in three main areas, Poponak says: the […]
Posted inEGYPT IN THE NEWS
Khaled Ali’s arrest again tops coverage
The arrest of human rights lawyer and former presidential candidate Khaled Ali is once again leading the conversation on Egypt in the foreign press this morning. Most outlets, including the Independent and Al Jazeera, continue to suggest the move was politically motivated due to Ali’s hints making another bid for the presidency in 2018, despite […]
Posted inOn Deadline
Khaled Ali’s arrest undermined the government and boosted his popularity
Government: 0, Khaled Ali: 1. The arrest of human rights lawyer Khaled Ali only served to boost his popularity and undermine the government’s steadiness, Fahmy Howeidy writes in a column penned for Al Shorouk. Ali’s arrest was on shaky legal grounds and is either in retaliation for his lawsuit against the government over the handover […]
Posted inWorth reading
The man reviving Egypt's fortunes
The man reviving Egypt's fortunes: Oil and gas news outlet Upstream is running a glowing piece on Oil Minister Tarek El Molla, which it credits with the resurgence in Egypt’s energy sector. Beginning with his tenure as head of the EGPC and now as Oil Minister, El Molla has made repaying arrears owed to international […]
Posted inImage of the Day
Replace the kheima with some authentic Cairo vibes this Ramadan
Replace the kheima with some authentic Cairo vibes this Ramadan: If you’re not really into the whole (ridiculously overpriced) ‘kheima’ thing for Ramadan, perhaps you should consider venturing into the jungles of Old Cairo sometime after iftar this year. There’s something about the month that seems to add to the area’s allure: The iridescent fawanees […]
Posted inDiplomacy + Foreign Trade
Nasr discusses disbursing third tranche of World Bank loan, meets AIIB VP
Nasr discusses disbursing third tranche of World Bank loan, meets AIIB VP: Investment and International Cooperation Minister Sahar Nasr discussed disbursing the third USD 1 bn tranche of the World Bank loan to Egypt with Country Director Asad Alam, Al Masry Al Youm reports. A World Bank delegation is set to visit Egypt in the […]
Posted inDiplomacy + Foreign Trade
Kabil approves establishment of Egyptian-Cypriot Business Council
We have an Egypt-Cyprus Business Council: Trade and Industry Minister Tarek Kabil okayed the establishment of an Egyptian-Cypriot business council on Wednesday, a proposal inked in an agreement back in 2001, the Cyprus Mail reported.