Good morning, friends. We are kicking off the week with a brisk issue, diving into what USAID’s pullback from Egypt means for its employees and programs, what went down during the VC Summit, and Maersk’s take on when Red Sea traffic may pick up. Mr. Beast takes over the pyramids: The highly-anticipated video of mega […]
Author Archives: enterpriseam admin
Somabay Welcomes World Aquatics Open Water World Cup for the Third Year Somabay proudly hosts the World Aquatics Open Water World Cup for the third consecutive year, reinforcing its status as a top watersports destination. The training camp will run from 18-22 February at Somabay’s state-of-the-art OneFlow Aquatics Centre, preparing athletes from 21 countries for […]
USAID’s pullback from Egypt puts employees and programs at risk
Several key initiatives in the country were halted due to the lack of funding
Gov’t to issue bookkeeping scheme to account for FX price difference prior to the EGP float
The accounting scheme will augment FX costs booked by companies throughout 1Q 2024 by a rate of up to 60%
Maersk doesn’t see Red Sea traffic picking up before mid-2025
A trickle of US- and UK-linked ships passed through the Red Sea safely after Yemen’s Houthis announced they would only target Israeli-linked vessels
What went down during the VC Summit
Flat6Labs set to reach the first close of its USD 85 mn Africa Seed Fund by June
Egypt ramps up diplomatic efforts to counter Palestinian displacement plan
PLUS- Egypt will host an emergency Arab summit on 27 February