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It is another delightfully slow news day for Egypt. Among the small handful of stories that rise to the level of barely worth skimming: Egypt and Sudan’s border dispute is escalating, Maged Atef writes in Foreign Affairs (paywall) in a piece that appears to have been penned before the two sides tried to bury the […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Parliamentarians’ silly legislative proposals are making Egypt look bad
Parliamentarians’ proposals of pointless legislation are painting a negative image of Egypt, Ezzat El Kamhawy writes in Al Masry Al Youm. El Kamhawy draws a chuckle-worthy parallel between genetic engineering and whatever scientific disaster yielded our elected representatives before warning that such pointless bills only put the country at risk of becoming a banana republic. […]
Posted inWorth watching
The most peaceful place on the planet
Perched atop the 131-foot-tall Katshki pillar in Georgia is a 1,000-year-old church that is arguably the most peaceful place on the planet — and one man’s home. According to Culture Trip, the church was abandoned for years until one mountaineer scaled the rock in 1944. Another man moved into the building two years ago and […]
Posted inDiplomacy + Foreign Trade
Al Bashir says Sudan has been patient with what he called Egypt's "illegal" occupation of Halayeb and Shalatin
Sudanese President Omar Al Bashir snapped at Egypt when speaking to Al Jazeeraon Monday, saying Khartoum has been patient with Cairo despite Egypt illegally “occupying” Sudanese territory, a reference to Egypt’s sovereignty over the Halayeb and Shalatin areas. Al Bashir also said that Sudan has been silent in the face of insults by the Egyptian […]
Posted inDiplomacy + Foreign Trade
Banque Misr, China Development Bank sign USD 500 mn financing agreement in Beijing
Banque Misr and China Development bank signed a USD 500 mn financing agreement in Beijing, on the sidelines of the Belt and Road Forum, according to an Investment and International Ministry press release. China Export and Credit Insurance Corporation also agreed to cover export credit guarantees for Chinese companies. In addition, the Suez Canal Economic […]
Posted inDiplomacy + Foreign Trade
Egypt will be the guest of honor at the China-Arab States trade fair
Egypt will be the guest of honor at the China-Arab States trade fair from 6-9 September in Yinchuan, Al Ahram quotes Trade and Industry Minister Tarek Kabil as having said. The Egyptian-Chinese Business Council is also expected to meet in Cairo sometime during the second half of the year, according to Kabil.
Posted inDiplomacy + Foreign Trade
Egyptian-African Business Council established to promote trade relations
Because we still think Africa is a country: An Egyptian-African Business Council has been established to promote trade between Egypt and the rest of the continent, Egyptian Federation of Investors Associations head Mohamed Farid Khamis said, Al Ahram reports. The council will look into setting up a company tasked with promoting Egyptian goods and services.
Posted inDiplomacy + Foreign Trade
Foreign Ministry condemns armed attacks in Central African Republic
Egypt’s Foreign Ministry issued a statement yesterday condemning armed attacks in the Central African Republic over the past several days that killed six UN peacekeeping troops and several civilians.
Posted inEnergy
Alfanar injecting USD 300 mn investments in electricity, renewable energy in Egypt
Saudi Arabia’s Alfanar is targeting investments worth USD 300 mn in Egypt in the electricity and renewable energy sectors, vice chairman Sabah Almutlaq says, Al Borsa reports. Almutlaq did not specify a time for the investments, but we know that Alfanar signed last week a power purchase agreement to sell solar power from a USD […]
Posted inInfrastructure
WB to disburse USD 130 mn tranche of wastewater projects loan next month
The World Bank is set to disburse next month a second USD 130 mn tranche of the USD 550 mn facility financing the first phase of a number of wastewater projects, Al Mal reports. The first phase, implemented in Daqahliyah, Sharqiya, and Behera, is scheduled for completion in 2022. The WB has also committed to […]