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Author Archives: enterpriseam admin
Posted inEGYPT HOLIDAY PHOTO OF THE DAY
The Saint Catherine Monastery
Today’s Egypt Holiday Photo of the Day is of the Saint Catherine Monastery. Saint Catherine’s Monastery is believed to enshrine the burning bush through which God was first revealed to Moses. The image was shot for CIB’s 2016 Annual Report (microsite and print edition) by Zeina Abaza at Inktank Communications, which has produced the bank’s […]
Posted inTHE MACRO PICTURE
EM currencies are coming back, positive momentum to support earnings and equities
Emerging market (EM) currencies are coming back from four years of turbulence, bringing some of the best opportunities in today’s markets, according to Goldman Sachs Asset Management (GSAM) global fixed income outlook. GSAM sees “a rare combination of value and improving fundamentals in parts of the developing world, and currencies generally remain undervalued relative to […]
Posted inWorth reading
Humans have a new cousin
We Homo sapiens have a new cousin, and the back-story is awesome. A recently discovered species — Homo naledi — may have walked the earth earlier than before thought: at the same time as our direct ancestors did. Their features “seemed modern, almost human … but their brains were as small as a gorilla’s.” Oh, […]
Posted inEGYPT IN THE NEWS
Other coverage worth noting in brief
We know we’re tempting the fates by even suggesting this, but there’s just about no coverage of Egypt in the international press this morning. And what little there is falls into one of two categories: Old news or not worth reading. Enjoy the respite — it will doubtless be short-lived.
Posted inOn Deadline
Bahaa El Din is worried about disjointed economic policy making, lack of transparency
Former Deputy Prime Minister Ziad Bahaa El Din is worried about disjointed economic policy making and what he claims is a lack of transparency about the new Investment Act. He says in his weekly Al Shorouk column that he has four reservations on the new investment act. The new law brings back tax incentives that […]
Posted inImage of the Day
France returns Ancient Egyptian limestone relief and other artefacts
Cairo recovered an Ancient Egyptian limestone relief dating back to the 30th Dynasty from an auction house in Paris, the Antiquities Ministry announced yesterday. An official there said the 80 kg tablet — which depicts goddess Sekhmet carrying the sun disk over her head next to a line of hieroglyphics — was stolen from a […]
Posted inDiplomacy + Foreign Trade
Shoukry in Ghana, Tawadros II meets Queen Elizabeth II, Halawa trial postponed
KSA’s King Salman has invited President Abdel Fattah El Sisi to attend the Arab Islamic-American Summit scheduled to be held in Riyadh on 21 May, according to Saudi newspaper Okaz. US President Donald Trump is expected to attend the summit, which will mark his first foreign trip since taking office. Foreign Minister Sameh Shoukry is […]
Posted inEnergy
Höegh Gallant begins periodical maintenance, to operate at full capacity during the summer
Norway’s Höegh began periodical servicing and maintenance operations last week on its Egypt-anchored Höegh Gallant floating storage and regasification, Al Borsa reports. The FSRU, a key part of Egypt’s natural gas import infrastructure, will be back at operating at full capacity throughout the summer months, re-gasifying 500 mcf/d.
Posted inEnergy
Oil Ministry looking to attract USD 10 bn in investment from IOCs next fiscal year
The Oil Ministry is looking to attract USD 10 bn in investment from international oil companies during FY2017-18 to increase Egypt’s production levels, Minister Tarek El Molla tells Al Shorouk.