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Political reconciliation with Islamists is no longer a viable option after the latest church attacks, and has already been proven ineffective over the past several years, Morsi Atallah writes for Al Ahram. Atallah urges the government to call a spade a spade.
Author Archives: enterpriseam admin
Posted inWorth reading
Abdel Tawab’s article in Al Ahram causes rift within the paper’s top brass
Furor at state-owned daily Al Ahram over chairman’s bid to censor article on Islamism and anti-Christian hate. Ahmed Abdel Tawab wrote about a seemingly obvious point profoundly and succinctly and got in trouble for it at Al Ahram in a flap that delayed the newspaper’s publication yesterday. Abdel Tawab believes the painful truth that should […]
Posted inDiplomacy + Foreign Trade
Diplomacy and foreign trade on 12 April 2017
Three business delegations from Poland will visit Egypt in April, Deputy Trade and Industry Minister Ahmed Antar says, Al Mal reports. Representatives from state-owned companies producing railway cars will visit end of this week, followed by a Polish Agriculture Ministry delegation and company representatives who will visit 22-24 April to discuss investing in the 1.5 […]
Posted inManufacturing
LG’s post-float FX losses land north of USD 170 mn
LG sustained FX losses north of USD 170 mn since the EGP float last November, Egypt Managing Director Don Kwack told Reuters’ Arabic service on Tuesday. The company plans to increase its working capital by some USD 130 mn in the coming period, as it expands its operations and brings its washing machine production line […]
Posted inManufacturing
IDA to establish seven new industrial zones
The Industrial Development Authority (IDA) is gearing up to establish seven new industrial zones in Upper Egypt, Six October City, and 10th of Ramadan City, chief Ahmed Abdelrazek said on Tuesday, Al Borsa reports. The areas are expected to house around 200 factories operating in a wide variety of industry and will also cater to […]
Posted inReal Estate + Housing
United World Infrastructure in talks to develop USD 500 mn economic cluster in Egypt
Dubai and Washington-based infrastructure investment company United World Infrastructure (UWI) is in talks with Egypt to invest USD 500 mn in a series of economic renewal development projects in Cairo. These include plans for urban redevelopments of parts of the city, and presumably the construction of a new suburb, Thomson Reuters reports. The project would […]
Posted inTourism
Five international charter airlines apply to government’s incentive program
Five international charter airlines have applied to the Tourism Development Authority’s incentive program, Al Borsa said on Tuesday. The program offers payouts and fee exemptions to flights with 50-80% seat occupancy rates that bring in regular tours from the EU to a number of Egyptian airports, including Sharm El Sheikh, Hurghada, Luxor, Taba, Marsa Matrouh, […]
Posted inAutomotive + Transportation
Six car models hold 50.8% of passenger car market in Jan and Feb -AMIC
Six car models collectively held a 50.8% share of the passenger car market in January and February, according to the latest report from Automotive Information Council (AMIC) picked up by Al Mal. Nissan’s Sunny took the lead with a market share of 16.8%, followed by Mitsubishi Lancer (9.2%), and Nissan Qashqai (7.6%). While Nissan’s Sentra […]
Posted inBanking + Finance
Egypt’s banking sector sees robust year-on-year growth
Releases from Egypt’s major banks for FY2015-16 indicate that the country’s banking sector has seen robust year-on-year growth amid a stable outlook from Fitch, Oxford Business Group says in its monthly report on Egypt. According to the report, Banque Misr and the National Bank of Egypt each reported year-on-year increases in net income after taxes. […]
Posted inEgypt Politics + Economics
AEIA head expects agricultural exports to Africa to double by year’s end
Egypt’s agricultural exports to Africa will double by the end of 2017, speculated Agricultural Export Improvement Association (AEIA) head Mohamed El Beltagui on Tuesday The remarks came during the signing of a cooperation MoU with the German-African Business Association, Al Mal reports..