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Populism is great for stock returns, writes Bloomberg, noting that a look at “10 of the 21st century’s most recognized populist leaders shows that in the three years after their election, local equities soared an average of 155 percent in USD terms. And the rallies often continued as long as a decade after the vote.” […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Mixed bag for Egypt in the international press on 3 May 2017
It’s a mixed bag for Egypt in the global press this morning. Pickup of wire copy on the killing of three police officers in Cairo in a drive-by shooting was surprisingly muted. Meanwhile, mild echoes of the papal visit continue to be heard (see the New York Times’ editorial “A Humane Papal Message in Egypt,” […]
Posted inOn Deadline
Why would anybody want to buy Egyptian citizenship?
Why would anybody want to buy Egyptian citizenship? A bill that proposes granting foreigners Egyptian citizenship in return for a “substantial” USD bank deposit is inherently flawed. No foreigner in their right mind would opt for buying citizenship in a third-world country rather than using the same funds to invest in something profitable, Osama Gharib […]
Posted inWorth reading
What the real rural Upper Egypt is like
The “real” Upper Egypt: “The Upper Egypt portrayed in TV series and cinema is sensationalist, from the black-and-white movies that used its inhabitants as rough comic material, to the Ramadan TV shows that show it as dominated by people who live in palaces surrounded by guards,” Sohag native Ahmed Ismail writes in Mada Masr in […]
Posted inWorth watching
How Helen Keller learned to communicate
How Helen Keller learned to communicate: As an infant, Helen Keller contracted an illness that left her both deaf and blind — and incapable of developing the language skills to communicate with the people around her. That was until one Anne Sullivan found through a long process of experimentation that she could teach Keller how […]
Posted inDiplomacy + Foreign Trade
FEI to meet Belarusian business delegation; Sobhy in Ivory Coast; followup on Merkel visit
Doing more with Belarus? Federation of Egyptian Industries chief Mohamed Elsewedy will meet with the Belarusian Industry Minister and an accompanying business delegation on Wednesday to discuss potential investment opportunities, mainly in the fields of engineering and metal production, AMAY reports. The delegation will be in town until Friday, 5 May and is set to […]
Posted inEnergy
Japan’s Mitsubishi and Hitachi offer to build two 500 MW wind farms
Japanese conglomerates Mitsubishi and Hitachi submitted offers to the Electricity Ministry to build two EGP 9 bn 500 MW wind farms under the feed-in tariff program, Al Mal says. The companies would finance the project under a build-own-operate system.
Posted inInfrastructure
Airport Holding Company to issue tenders for Airport City infrastructure projects
The Egyptian Holding Company for Airports and Air Navigation plans to issue tenders to develop infrastructure for 2.8 mn sqm of the Airport City project, Civil Aviation Minister Sherif Fathy told the press yesterday, Al Borsa reports.
Posted inBasic Materials + Commodities
Supply Ministry bought 360k tonnes of wheat since start of harvest season
Egypt has bought approximately 360k tonnes of wheat from local farmers since the beginning of the harvest season as of Tuesday, Reuters reports. The figure compares to around 395.5k tonnes bought in the same period last year, the Supply Ministry says.
Posted inHealth + Education
Egypt signs USD 90.8 mn educational agreement with Japan
Investment and International Cooperation Minister Sahar Nasr has signed a JPY 10.19 bn (USD 90.8 mn) education agreement with Japan’s ambassador to Cairo to develop Egypt’s human resources, Al Mal reports. The agreement includes increasing the number of scholarships awarded to Egyptians receiving vocational training in Japan to include 2,500 people. It also include a […]