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On the sidelines of the Egyptian delegation’s visit to the US, Carbon Holdings is expected to sign a “major” agreement with Bechtel Group at the American Chambers of Commerce in Washington, AmCham Egypt President Anis Aclimandos tells AMAY, without specifying a date. Aclimandos, who attended President Abdel Fattah El Sisi’s meeting with US companies this […]
Author Archives: enterpriseam admin
Posted inSpeed Round
International news of note on 6 April 2017: Fed to shrink balance sheet, May and Rolet pitch for Aramco IPO
Among the handful of international stories worth noting this morning: The US Fed is looking to sell down some of the USD 4.5 tn in bonds and other securities it’s holding on its balance sheet. The Fed accumulated the bonds during its three rounds of quantitative easing to boost the economy after the Great Recession. […]
Posted inEGYPT HOLIDAY PHOTO OF THE DAY
The temple of Abu Simbel
Today’s Egypt Holiday Photo of the Day is of the temple of Ramses II at Abu Simbel. The temple was dismantled in 1968 and moved 65 meters northwest to save it from becoming submerged under water after Egypt built the Aswan High Dam. Moving the temple was a massive, UNESCO-led project that cost over USD […]
Posted inTHE MACRO PICTURE
The deregulation trend in international markets
The trend toward international harmonization of regulations has lost momentum as the world’s largest economies realign policies to meet domestic priorities of stability and growth, according Goldman Sachs Asset Management. There is a clear diversion internationally, with the US pushing for more deregulation and Europe and China moving differently. “The initial expectation of a less-burdensome […]
Posted inImage of the Day
Archaeologists digging away to unearth new pyramid in Dahshur
Egyptian archaeologists are digging away in Dahshur to unearth what might have been Ancient Egypt’s first smooth-sided pyramid. The remains were discovered near the royal necropolis in the south of Cairo and are believed to have belonged to 13th dynasty king Imni Kamao, whose name archaeologists found engraved on the walls and pillars in the […]
Posted inEGYPT IN THE NEWS
From Fox’s “Exclusive: Egyptian president says Trump has 'true understanding' of terrorism’” to the Huffington Post’s “Americans Persecuted By Egypt Regime Watch As Trump Embraces It,” US media continues to dwell on President Abdel Fattah El Sisi’s visit to Washington. And we have had quite enough, thank you. Our final kick at the can, we […]
Posted inEGYPT IN THE NEWS
US administration’s hesitation in labeling Ikhwan as a terrorist organization is a “grave error”
The Trump administration’s hesitation to officially designate the Ikhwan as a terrorist organization is a “grave error,” particularly in light of “its declared objective to ‘destroy the Western civilization from within,’” writes the Conservative HQ, which attributes the lack of movement to the Ikhwan’s “penetration” of the US government, pointing to Obama-era officials such as […]
Posted inEGYPT IN THE NEWS
Diving with sharks in the Red Sea
The Red Sea is Egypt’s real treasure and remains an attraction for internationaldivers, Richard Aspinall writes for The Guardian, including pictures he took from his Red Sea diving adventure. Aspinall describes his swim with the sharks at the Brothers Islands.
Posted inEGYPT IN THE NEWS
Egypt wants to open its museums, but there is not enough cash
There is political will to revive museums in Egypt, but not enough money, argue Hannah Mcgivern and Aimee Dawson in a piece for The Art Newspaper. Egypt needs EGP 2 bn to reopen 20 museums closed since the 2011 revolution, Antiquities Minister Khaled El Enany had said. The National Museum of Egyptian Civilisation needs EGP […]
Posted inEGYPT IN THE NEWS
Other coverage in the international press
Other coverage worth noting in brief: The cement industry in Egypt played a pivotal role in the return of coal imports to compensate for energy shortages, Mongabay says, detailing the timeline of the shortages and the coal issue it says is the “most public cabinet-level political battle.” Egyptian footballer Ramadan Sobhi has been getting mad […]