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Emerging markets private equity giant Abraaj Group is planning to raise USD 5-8 bn from investors in 2017 to create its largest fund, sources told Bloomberg. Abraaj is planning to raise the money from a pool of regional and international investors by the end of 2017 the source said, adding that the plans are in […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Win over Morocco sends Pharaohs to Afcon final four, dominates international coverage of Egypt this morning
Egypt’s win over Morocco last night (securing a semi-final berth at the African Cup of Nations) is far and away the biggest story on Egypt this morning as the international press focuses on the transgressions of The Donald rather than those of Egypt. See coverage from the Associated Press, ESPN, Eurosport, the Guardian, BBC Sport […]
Posted inOn Deadline
Just as women prefer C-sections, nobody wants to stare down the barrel of the ministerial gun
On caesarian sections and cabinet appointments (we kid you not): The light in which Egyptians view the opportunity to be a minister has changed, Abbas El Tarabily writes for Al Masry Al Youm, drawing what can only be described as an eyebrow-raising analogy between mothers opting for C-sections and individuals who have declined the opportunity […]
Posted inImage of the Day
The Pyramids of Giza, circa 1860
The New Yorker’s Louis Menand covered the “Photography and Discovery” show at the Clark Art Institute, in Williamstown, Massachusetts. The exhibition displayed around 30 photographs, mostly pre-1900, that Menand calls curatorially unpretentious and “well worth a visit.” One the of photographs on display is, the one pictured above, Francis Frith’s “The Pyramids of El-Geezdeh from […]
Posted inWorth watching
Federer beats Nadal to win 18th tennis Grand Slam
GOAT: Ageless Roger Federer has shown the world why he is arguably the greatest tennis player of all time after beating Rafael Nadal in five sets yesterday to win the Australian Open. In yet another chapter of one of tennis’ greatest rivalries, Federer’s win was his first against Nadal in a Grand Slam since 2007 […]
Posted inDiplomacy + Foreign Trade
Egypt, UAE sign MoU to combat money laundering and terrorism financing
Terror funding cooperation with UAE: Egypt Money Laundering and Terror Financing Combat Unit inked a memorandum of understanding with the UAE that will see the two countries deepen cooperation in their clampdown on terrorist financing, Al Ahram reports.
Posted inDiplomacy + Foreign Trade
French Development Agency prepared to assist in financing wastewater, tram, healthcare projects
The French Development Agency is prepared to contribute funding for the east Alexandria wastewater treatment plant project, the Alexandria tram development project, and a primary healthcare support project, Al Ahram reports.
Posted inDiplomacy + Foreign Trade
Egypt to temporarily open Rafah border crossing Monday to Friday
Egypt will open the Rafah border crossing into the Gaza strip from Monday-Friday to allow critical cases and humanitarian aid through. The news comes after as the Deputy Head of Hamas Ismail Haniyeh concluded what The Associated Press is calling a “successful visit to Egypt.”
Posted inEnergy
Oil Ministry studies refining Iraqi crude at MIDOR
The Oil Ministry is studying refining Iraqi crude at the Middle East Oil Refinery (MIDOR), unnamed sources tell Al Mal. MIDOR is seen as the most capable of refining Iraqi crude, but the refinery is currently running at full capacity, the source added. If capacity is not freed at MIDOR, sources say other options include […]
Posted inEnergy
President El Sisi to open phase one of Siemens power plants in March
The first phase of Siemens’ power stations in Beni Suef, Burullus, and the new administrative capital will be inaugurated by President Abdel Fattah El Sisi in March, sources at the Electricity Ministry told Al Borsa. The first phase will add generation capacity of 4,800 MW to the national grid. Siemens announced it expects the stations […]