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Saudi Aramco’s IPO could be as big as USD 1.5 tn after the government announced it was cutting the company's tax rate to 50%, according to analysts at Sanford C. Bernstein & Co. and Rystad Energy AS. Bernstein analysts predict that the tax cut will increase Aramco’s after-tax income by 300%, allowing for higher cash […]
Author Archives: enterpriseam admin
Posted inSpeed Round
UK files under Article 50, America embraces coal, Rwandan gov’t wants to be a regulator of electricity markets, not a provider of it
On a reasonably slow news day in Egypt, there are a handful of international stories worth knowing about: The United Kingdom served notice under Article 50 last night. Or, to be precise, UK Prime Minister Theresa May signed a letter giving official notice under the Treaty of Lisbon provision. Qatar seized the occasion to toady […]
Posted inSpotlight
AmCham’s “New Investment Horizon Conference: The Promise of Tomorrow”
Spotlight on: AmCham’s Tuesday investment conference We attended AmCham’s “New Investment Horizon Conference” yesterday, where we learned that President Abdel Fattah El Sisi’s upcoming visit to Washington will include a trade delegation and business discussions. Other highlights from keynote speeches and presentations: Investment and International Cooperation Minister Sahar Nasr: Consistent with her remarks earlier this […]
Posted inTHE MACRO PICTURE
Is productivity rebounding?
There might not be a slowdown in productivity growth after all: In contrast with Deloitte Chief Economist Ian Stewart’s warning in yesterday’s issue that slowdowns in productivity growth could be contributing to a new-normal of weaker economic growth, Goldman Sachs says there could be early signs of a productivity rebound. GS suggests that the perceived […]
Posted inImage of the Day
Silence is harassment?
Photographer Marwa Ragheb launched a photo series directed at the true cause of [redacted] harassment in Egypt: the silently complicit. The campaign, entitled “Your silence is harassment,” Ragheb photographs women in everyday scenarios getting harassed, with someone in the background with his mouth taped shut. Ragheb’s powerful and evocative images have received attention from Al […]
Posted inEGYPT IN THE NEWS
Thomas Cook, El Sisi-Trump meeting lead coverage of Egypt
Topping coverage of Egypt in the international press this morning are pickups of Thomas Cook’s statements that tourism in Egypt and Turkey is improving, which is music to our ears. Coming in at a close second: President Abdel Fattah El Sisi’s upcoming visit to the White House. Outlets including The Hill are attempting to gauge […]
Posted inWorth reading
Should the US abandon Egypt?
Does Egypt still matter to the US? Samuel Tadros argues that it does, despite reservations from some people in Washington, but that the relationship should change. Despite the importance of rights of passage through the Suez Canal and flights over Egyptian airspace, the US can survive without both, he says. Tadros also argues that: Egypt’s […]
Posted inWorth watching
Easy Rider
Cairo streets, you have outdone yourself once again: Imagine a placid drive down the October Bridge (we know, it’s a stretch), and the occasional motorcycle whizzes by. You turn and instead of the familiar sight of an entire tribe fitting on a moped, you catch some guy standing on his moving bike. You’d whip out […]
Posted inDiplomacy + Foreign Trade
Nile Basin countries reject Egypt demands related to the flow of the Nile
South Korea wants a free trade agreement with Egypt: The Korean government is seeking a free trade agreement Egypt, according to Korean publication DongA Ilbo. The agreement would be Korea’s first with an African country as part of its plans to expand the reach of Korean companies regionally. The Korean ambassador to Egypt told Al […]
Posted inEnergy
Sherif Ismail denies allocating daily rations of subsidized petrol
Prime Minister Sherif Ismail denied rumors that the government is allocating 5 liters of subsidized petrol to citizens per day, saying that there is no intention of doing so in any quantity, Al Masry Al Youm reports.