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We’re still waiting for news of a cabinet shuffle promised by President Abdel Fattah El Sisi late last month. A spokesman for Prime Minister Sherif Ismail said late last week that the final lineup is still a work in progress. Word on the street is that roughly 10 ministers could exit stage left, including possibly […]
Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Louvre attack dominates the airwaves; followed by the Great Thirst of Giza; Adib and Lamees talk SMEs
Between what appears to have been an attack on the Louvre by an Egyptian citizen and Giza going without water for three days, the events of this past weekend were tailor-made for the Talking Heads. Foreign Ministry Spokesperson Ahmed Abu Zeid condemned as a “terrorist act” the attack on a soldier at the Louvre by […]
Posted inSpeed Round
Egyptian attacks soldiers with machetes in Paris
A French soldier shot and injured a machete-wielding Egyptian at the Louvre Museum in Paris.Egyptian security officials have identified the alleged attacker as Abdullah Reda El Hamahmy, 29, from Dakahlia, Reuters reports. El Hamahmy is alleged to have attacked two soldiers checking bags near the museum’s shopping mall and was shot in the abdomen, prosecutor […]
Posted inSpeed Round
More subsidy cuts coming soon as IMF delegation reviews reform agenda progress
More subsidy cuts coming soon as IMF delegation reviews Egypt’s progress on reform program: The Ismail government is preparing a series of new “austerity measures” which it plans to discuss with an International Monetary Fund delegation currently visiting to review progress on the reform program Egypt agreed as a condition of its USD 12 bn […]
Posted inSpeed Round
Licenses for cars, driver and company required in new Uber, Careem Act
Licenses for cars, driver and company required in new Uber, Careem Act: Ride-sharing platforms including Uber and Careem would require multiple licenses and permits under legislation to regulate the industry expected to be proposed by the Ismail government, Al Borsa reports. Ride-sharing companies as well as individual cars and drivers would all need to be […]
Posted inSpeed Round
No date set for resumption of Russian flights -Civil Aviation Ministry
A final date for the resumption of Russian flights to Egypt has yet to be determined, the Civil Aviation Ministry said in a statement cited by Al Masry Al Youm, but Cairo International Airport has set specific routes for Russia’s Aeroflot at the request of a Russian security delegation, the Egyptian Airport Company’s president told […]
Posted inSpeed Round
New discoveries to be announced in 2H2017 put Egypt on natural gas export track
New discoveries to be announced in 2H2017 will put Egypt on the natural gas export track, Bloomberg reports, citing remarks by Oil Minister Tarek El Molla. The discoveries will bring Egypt “closer to its goal of self-sufficiency by 2019,” the story says, quoting EGAS chief Mohamed El Masry as noting that “Egypt will start exporting […]
Posted inSpeed Round
Centamin gets love from the FT after quadrupling dividend
Centamin gets love from the FT after quadrupling dividend: Egyptian miner Centamin is getting love from the Financial Times as it promotes company analysis from sister publication Investors Chronicle. Noting that the company has quintupled its full-year dividend, the publication writes that “a payout equivalent to 70 per cent of free cash flow looks improbable […]
Posted inSpeed Round
Egyptian artichokes are hurting producers in Italy
Egypt is kicking Sicilian artichokes to the curb: Sicilian purple artichoke producers are being swamped by produce from Egypt, according to Fresh Plaza. One producer says “prices are very low (for the Purple variety) because the domestic produce is being replaced by the Egyptian one. Markets and stores are literally flooded with large quantities of […]