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Zohr is a godsend to industry: The government has reportedly once again promised steel producers that it will reduce their natural gas prices to USD 4.5 from USD 7 per mmBtu by the end of 2017 once capacities from new field discoveries come onstream, according to the head of the steel division at the Federation […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Naeem Holding to launch first Egyptian real estate fund with EGP 1 bn investments
Naeem Holding to launch EGP 1 bn real estate fund: Naeem Holding for Investments received approval from the Egyptian Financial Supervisory Authority to establish what it says is Egypt’s first real estate fund with investments worth EGP 1 bn, the company said in an Egyptian Exchange filing. The fund targets investing in a diverse portfolio […]
Posted inSpeed Round
Mashreq Bank sees greater opportunity in Egypt since the EGP float in November
Mashreq Bank sees greater opportunity in Egypt since the EGP float in November and the country’s subsequent move to secure a USD 12 bn loan from the IMF, said Jan-Willem Sudmann, group head for international banking at the Dubai-based bank. Even though the Egyptian pound lost 150% of its value against the USD after the […]
Posted inSpeed Round
Cabinet raises wheat prices, approves agreements with Djibouti, China, and others in weekly meeting
The Ismail cabinet witnessed the signing of a USD 150 mn agreement with the UK, which UK Foreign Minister Boris Johnson had pledged during his visit to Cairo last month, according to a cabinet statement. At the meeting ICT Minister Yasser El Kady also discussed the ministry’s plan for the electronic visa system, which he […]
Posted inSpeed Round
Only 44% of Egyptian men would like women to work -Gallup/ILO
Wall of shame: Egyptian men could be holding back women’s progress in the labor market. Men younger than the age of 45 – particularly in Egypt, Morocco, and Libya are more likely than older men to say they would prefer women to stay at home was one of the sad conclusions of Gallup and ILO’s […]
Posted inSpeed Round
Enterprise is hiring
*** COME WORK WITH US. We’re looking for bright, talented writers and analysts to join our team to work on the current Enterprise Morning Edition and new products we have in the pipeline. You’re likely an equities / macro / research analyst, IR professional or journalist, but we’re less interested in your formal education than […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inImage of the Day
Inji Efflatoun’s “Contemplation”: A psychologically charged work from a groundbreaking surrealist artist
Inji Efflatoun’s legacy is equal parts artistic and political. Born in 1924 to an upper-class Egyptian family, she actively advocated for women’s rights and subscribed to Communist ideologies that both fueled her groundbreaking painting style and landed her in prison under Gamal Abdel Nasser’s rule. Inspired by “the social reality of the people of the […]
Posted inEGYPT IN THE NEWS
Bread protest tops international coverage on Egypt
Still topping international coverage are the bread protests that broke out in Alexandria, Kafr El Sheikh, Minya, Assiut, Giza, and Fayoum on Monday. Tarek El Tablawy says the government defended the move in his piece for Bloomberg. Ruth Michaelson added more substance in The Guardian by noting that “while the cuts are unlikely to have […]
Posted inEGYPT IN THE NEWS
Arabs don’t like sci-fi books -Novelist Ahmed Khaled Towfik
The National has an interview with Egyptian doctor and science fiction / horror novelist Ahmed Khaled Towfik, saying Arabs don’t like science or technology books. "The Arab reader likes books that provide social commentary, or romance or drama, or a mild form of philosophy,” Towfik says. Politics is high up there in the region’s reading […]