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Today’s Egypt Holiday Photo of the Day is of The Aswan Nubian Museum. Aswan’s Nubian Museum is dedicated to the rich culture of the Nubian people, whose long history in Egypt includes founding a dynasty that ruled Egypt during the eighth century BCE. The image was shot for CIB’s 2016 Annual Report (microsite and print […]
Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
Global events still give scope for local policymakers to pursue national objectives
Global events are significant, but there is still lots of scope for local policymakers across the world to pursue their own objectives, such as full employment or low inflation, Selim Ali Elekdag and Gaston Gelos write for the IMF Blog. They cite the latest IMF Global Financial Stability Report’s indexes, which showed “that global events […]
Posted inTHE MACRO PICTURE
Does the spike in EM debt risk a banking crisis?
Does the spike in EM debt risk a banking crisis? Investor demand for emerging market debt continues to soar despite bond yields nearing historic lows, writes Carolyn Cui for the Wall Street Journal. EM governments and companies have sold USD 179 bn in USD-denominated debt this year through March 31, the most dollar debt ever […]
Posted inImage of the Day
Giggs in Cairo
Manchester United legend Ryan Giggs was in Cairo last week as part of the UEFA Champions League Trophy Tour. Giggs, along with the trophy, also visited the Egyptian Museum and held a press conference in which he said he would love to come visit Egypt again with his family.
Posted inEGYPT IN THE NEWS
Gray hair linked to increase heart risk
On a slow news weekend, a study linking graying hair with increased heart riskconducted by Cairo University is receiving widespread coverage in international science publications. The research, which relies on the premise that graying hair is an indicator of biological aging and the coronary risk factors that come with it, was presented at EuroPrevent 2017 […]
Posted inWorth watching
More than just a diet
More than just a diet: If you are as enthralled by the magic that is BBC Planet Earth 2, then you would remember the marine iguanas (dubbed by Charles Darwin as the “imps of darkness”). These creatures, native only to the Galapagos, have developed a unique trait to adapt to when El Nino washes away […]
Posted inDiplomacy + Foreign Trade
US Congressman stresses importance of designating Ikhwan as terrorist organization
Designating the Ikhwan as a terrorist organization remains an important issue for the Congress, US Congressman Robert Pittenger told Extra News on Thursday (runtime 1:29). Pittenger is a co-sponsor of the bill to designate the Ikhwan a terrorist organization. He added that there is increased understanding of the importance of the bill as congressmen understand […]
Posted inEnergy
Egypt’s potential gas supplies to Jordan could threaten agreement with Israel
An Egyptian promise to supply Jordan with natural gas once it reaches a point where exports are possible “will pile pressure on the Jordanians not to sign a binding gas agreement with the Leviathan partners,” Nati Yefet writes in Globes. “Egypt's commitment to supply gas to Jordan even before Leviathan begins supplying gas is liable […]
Posted inEnergy
Agreement to import Iraqi crude to be finalized soon, Iraqi ambassador says
Egypt will finalize an agreement to import crude from Iraq soon. An Egyptian delegation will visit Iraq soon to close the agreement, which will include a 90-day grace period for payment, the Iraqi ambassador to Egypt Habib El Sadr told Reuters. Egypt has been in talks with Iraq to import 1 mn bbl of crude, […]
Posted inEnergy
Edison begins production from new platform in Abu Qir concession, output up 20%
Edison announced beginning production from the new platform North Abu Qir PIII (NA/Q-PIII) at the Abu Qir concession. The first production well, NAQPIII#1, came onstream last week and increased the overall natural gas output by circa 20%. Two additional wells are expected to be completed by July 2017, Edison says.