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Topping coverage of Egypt in the foreign press this morning was the US, UK ban on carrying electronics on board flights. We did run into some choice reading last night as well: In the love triangle between the US, Egypt and Saudi Arabia, it is looking like Egypt has the upper hand, according to Yahoo […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Is Egypt the most attractive market for independent oil companies?
Is Egypt the most attractive market for independent oil companies? That is the view taken by Gulf News, which said that the country is seeing the biggest wave of independents flocking to it in the Middle East. “Egypt is a well-known petroleum province, with a robust local oilfield services market, and strong infrastructure to capture […]
Posted inEGYPT IN THE NEWS
Egypt has been honoring mothers since ancient times
Egypt may have introduced “Mother's Day” to the region, but its roots in the country run deeper than modern times, according to Al Arabiya. The news outlet credits Egyptian journalist Ali Amin with popularizing the day in the Arab World though his column in Al Akhbar Al Youm. Shounaz Mekky, however, posits that the idea […]
Posted inEGYPT IN THE NEWS
Other mentions of Egypt worth a skim
Other mentions of Egypt in the international news worth a skim include: Egypt and Turkey sent artifacts — including antique gold coins — worth a combined total of USD 100 mn to the US in 2016, Live Science reports, citing US Census Bureau figures. Local experts say Oil Minister Tarek El Molla’s decision last week […]
Posted inOn Deadline
Huawei is moving its MENA headquarters out of Egypt because of work visas
Huawei’s decision to move its MENA headquarters from Egypt to Morocco is due to the difficulties Chinese citizens face to get visas and work permits to Egypt, Ali Wali writes for Al Masry Al Youm. Morocco has exempted them from visas altogether. According to Wali, the company’s decision should serve as a wake-up call that […]
Posted inWorth reading
Egypt’s non-oil sector may be the most resilient regionally against oil market fluctuations
In a region heavily dependent on fluctuations in the oil market, Egypt’s non-oil sector may be the quickest to bounce back, according to Emirates NBD’s chief economist and head of research Tim Fox, who ran a comparison of the PMI and inflation rates between Egypt, Saudi Arabia and the UAE. On inflation, Egypt has been […]
Posted inDiplomacy + Foreign Trade
El Sisi meets with Chairman of Germany’s Herrenknecht AG, ex-chancellor Gerhard Schroeder
President Abdel Fattah El Sisi met with the Chairman of Germany’s Herrenknecht AG Martin Herrenknecht and former German chancellor Gerhard Schroeder in Cairo on Tuesday to discuss potential cooperation on training and the exchange of expertise, Al Mal reports. President El Sisi also met yesterday with members of the Egyptian-French parliamentary friendship association visiting Cairo […]
Posted inDiplomacy + Foreign Trade
Sameh Shoukry, Sudan’s Ibrahim Ghandour denounce controversy over claims Sudan’s pyramids are older than Egypt’s
Egypt and Sudan become one, again: Foreign Minister Sameh Shoukry and his Sudanese counterpart Ibrahim Ghandour denounced the social media spat between Egyptian and Sudanese citizens, saying in a joint statement following a phone call yesterday that the “unacceptable” behavior aims to damage relations between the two countries, Al Shorouk reports.
Posted inDiplomacy + Foreign Trade
Japan wants more incentives to invest more
Japan wants more incentives to invest more: Japan’s External Trade Organization (JETRO) requested that Egypt ensure the Investment Act includes a clear economic vision, adequate investment incentives, and an outline of each sector’s priorities, JETRO Egypt’s general manager Atsushi Ikeda tells Al Borsa. He also said that he expects trade between Egypt and Japan to […]
Posted inEnergy
Rosneft to supply 10 LNG cargoes to Egypt
Rosneft signed an agreement to supply 10 LNG cargoes to EGAS in 2017, Reuters reports.The first delivery is expected in May, in time for the surge in seasonal electricity demand during Ramadan and the summer months. Rosneft did not say where it is sourcing the LNG from.