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A number of columnists chewing over the root causes of terrorism in Egypt have taken a surprising turn and avoiding the now-standard list of empty platitudes. That’s not to say they get it right, but at least they’re escaping the usual narrative. In a column for Al Masry Al Youm, Amr El Shobaky flatly says […]
Author Archives: enterpriseam admin
Posted inWorth watching
Why big pharma is turning to biological meds
Why big pharma is turning to biological meds: Biological meds are increasingly being seen as more lucrative to pharma companies than the standard chemical kinds. While chemical drugs are based on small, stable molecules (and have been used since the industry emerged), their biological counterparts are based on much larger and more volatile proteins. Despite […]
Posted inDiplomacy + Foreign Trade
Sahar Nasr talks improving investment climate and cooperation with WBG, OECD
Investment and International Cooperation Minister Sahar Nasr discussed Egypt’s efforts to improve the business climate and its ranking in the World Bank’s Doing Business report, with a World Bank Group delegation on Wednesday, a statement from the ministry said. The issue was also looked at when Nasr sat down with the head of the Middle […]
Posted inDiplomacy + Foreign Trade
EC’s Director General meets with Finance and Petroleum Ministers
Finance Minister Amr El Garhy discussed cooperating with the European Commission on improving the country's tax system with its Director GeneralChristian Danielsson on Wednesday. The commission's delegation expressed interest in providing technical and financial support to improve the efficiency of Egypt’s tax collection, and helping bring up revenues in line with economic performance, according to […]
Posted inDiplomacy + Foreign Trade
FM Shoukry in Khartoum next week for political consultation meeting
Foreign Minister Sameh Shoukry’s will be heading to Khartoum next week for the joint political consultation meeting that was originally slated for earlier this week, Al Masry Al Youm reports. The planned meeting comes amid political tensions between the two countries over the Halayeb and Shalateen region. Shoukry reaffirmed that Egypt and Sudan’s bilateral ties […]
Posted inDiplomacy + Foreign Trade
Egypt needs to look towards more trade and investment partners beyond the US -WTO official
Our friendship with Trump doesn’t mean we should follow his protectionist ways: Egypt has to look to more trade and investment partners than just the US if it hopes to grow as a global player, World Trade Organization (WTO) Trade Service Division Director Abdel Hamid Mamdouh said on Wednesday, according to Al Shorouk. In a […]
Posted inDiplomacy + Foreign Trade
El Sisi, Sobhi meet with Cyprus Defense Minister
President Abdel Fattah El Sisi and Defense Minister Sedki Sobhi met with Cyprus’ Defense Minister Christoforos Fokaides in Cairo yesterday to discuss increasing military cooperation, Al Mal reports.
Posted inDiplomacy + Foreign Trade
ILO working on 10 projects in Egypt worth USD 30 mn
The International Labor Organization (ILO) is implementing 10 projects in Egypt worth USD 30 mn, with funding coming in from multiple different countries, ILO Country Office for Egypt Peter Van Rooij tells Al Mal.
Posted inInfrastructure
House still trying to reverse last year’s port fee hike
The House of Representatives’ Transport Committee is still hoping to reverse the government’s decision to hike port fees by as much as 100%, MP Mohamed Badawy tells Al Mal. The hike, which was instituted last year, had caused five major shipping lines to pull out of the East Port Said port and transfer their activities […]
Posted inBasic Materials + Commodities
EGP 3,000 tax imposed on each tonne of exported sugar
Exporters will now be forced to pay an EGP 3,000 levy on each tonne of sugar they export, according to a decision issued by Trade Minister Tarek Kabil on Wednesday, AMAY reports.