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Habemus papal visit date: Pope Francis is set to arrive in Cairo on 28 April for a two-day visit, according to an Ittihadiya statement cited by Ahram Online. During the visit, Pope Francis will meet with President Abdel Fattah El Sisi, Coptic Orthodox Pope Tawadros II, and has plans to visit Al Azhar. The full […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi-Trump summit: what else is there today?
As expected, the talking heads last night discussed nothing but Monday’s Trump-Sisi meeting in the Oval Office. Economic ties were at the top of yesterday’s agenda, as both presidents stressed their eagerness to deepen ties, Investment Minister Sahar Nasr told Hona Al Asema’s Lamees El Hadidi from DC. Trump reassured the delegation that the US […]
Posted inSpeed Round
El Sisi and Trump talk military and economic aid, Middle East peace, and increased US Investments in Egypt
Egypt and the US: the Reboot: President Abdel Fattah El Sisi and US President Donald Trump had a busy day of closed door meetings on Monday that was preceded by a brief joint press conference (watch, runtime 7:32) in which the US president declared that Egypt “have a great friend and ally in the United […]
Posted inSpeed Round
Ismail highlights what Egypt and America can do together
Prime minister pens piece for The Hill on what Egypt and the US can do together to clamp down on curb terrorism, promote regional stability: Successful anti-terror policies and peace in the Arab world demand the US and Egypt engage on four fronts, Prime Minister Sherif Ismail writes for The Hill. The first is to […]
Posted inSpeed Round
Foreign money coming in, impact of devaluation to subside within eight months -Dugan
“We’ve certainly seen a lot of foreign money coming in,” Emirates NBD Chief Investment Officer Gary Dugan told Bloomberg TV, commenting on the expectation that central bank reserves are expected to have surpassed USD 28.5 bn in March. A lot of foreign money came in and it has been looking to pick up those relatively […]
Posted inSpeed Round
ADES International announces intention to float on LSE
IPO Watch- Oil and gas drilling and production services provider ADES International Holding announced its intention to proceed with a global offer of its existing shares on the London Stock Exchange yesterday. The Dubai International Financial Centre-based company is planning to raise up to USD 170 mn through the issue of new shares. The selling […]
Posted inSpeed Round
Edita to freeze investments in Egypt in 2017 -Berzi
Edita will not be channelling new investment into Egypt in 2017, Chairman and CEO Hani Berzi reportedly told Al Mal. We’re taking Al Mal’s report with a teaspoon of salt: The company has consistently telegraphed (as recently as the end of February) that it is on the lookout for either M&A or greenfield expansion opportunities, […]
Posted inSpeed Round
Mediterranean gas pipeline could be ready by 2025, Egypt not included in plan
A Mediterranean gas pipeline carrying natural gas from Israel to Europe could be built by 2025, and it looks like Egypt is being cut out, Reuters reports. European and Israeli governments gave their support to moving forward with the agreement on a 2,000 km-long pipeline that aims to link gas fields off the coasts of […]
Posted inSpeed Round
Cabinet approves Universal Healthcare Act
Cabinet approved yesterday a draft of the Universal Healthcare Act and referred it to the State Council, Ahram Gate reports. The Health Ministry will receive the actuarial studies on its implementation within three weeks, Health Minister Ahmed Rady said, Al Shorouk reports. Once approved, the act will be implemented in Canal governorates as a first […]
Posted inSpeed Round
Gov’t to make using fuel smartcards mandatory next fiscal year
Mandatory smart cards, fuel prices hikes expected next fiscal year: The government is planning to raise fuel prices next fiscal year in effort to keep subsidies spending on budget, unnamed government sources tells Al Shorouk. Separately, the government is also planning to make using fuel smartcards mandatory next fiscal year as part of its plan […]