• Wednesday, 27 January 2016

    EAEF looking to create “parallel fund” for Egypt

    The Egyptian-American Enterprise Fund (EAEF) is working to “facilitate the entry of other institutional investors into the Egyptian market by developing a ‘parallel fund’ that could invest alongside the EAEF,” according to an emailed statement. Saying its size of USD...
  • Tuesday, 26 January 2016

    Enterprise Calendar — The GCC Edition

    26-27 January 2016 (Tuesday-Wednesday): U.S. Federal Reserve’s Federal Open Market Committee meets. Fed chair will not hold press conference. 07-09 Feb 2016 (Sunday-Tuesday): Saudi Water & Electricity Forum, Al Faisaliah Hotel, Riyadh. 09 Feb 2016 (Tuesday): National Sports Day, National...
  • Sunday, 24 January 2016

    Why MENA should welcome slower growth in China

    By Simon Kitchen Two decades of strong growth in China has been good for the MENA (Middle East and North Africa) region. Demand for energy has kept oil prices high, and high rates of saving in China have been as...
  • Sunday, 10 January 2016

    What does the U.S. presidential election hold for Egypt?

    Most Americans would agree that U.S. presidential campaigns are far too long — two years — and far too costly — almost USD 2 bn. Democrats and Republicans will both conduct primaries in many states between February and June 2016...
  • Saturday, 2 January 2016

    President El Sisi Issues Decree for the House of Representatives to Convene and for the Appointment of 28 members

    31 December 2015 Today, President Abdel Fattah El Sisi issued presidential decree number 561 for the year 2015, calling on the House of Representatives to convene on Sunday morning, January 10, 2016. He also issued presidential decree number 560 for...
  • Thursday, 17 December 2015

    A two-step on the VAT?

    A two-step on the VAT? It looked for a little while yesterday as if we weren’t having a VAT after multiple news reports that the Finance Ministry is now considering alternatives to implementing the value added tax (VAT). Al Shorouk...
  • Wednesday, 16 December 2015

    Egypt shut out of Middle East solar power industry awards

    A decisive commitment to renewable energy was a hallmark of Egypt’s energy policy this year, but the jury for the Middle East Solar Industry Association skipped Omm El Donia in its annual industry awards. The Dubai Electricity and Water Authority...
  • Thursday, 10 December 2015

    A contrarian view: The CBE’s approach to bank regulation is doing the economy a “monstrous disservice”

    The Central Bank of Egypt is doing the economy a monstrous disservice — and it has nothing to do with the USD exchange rate. While media attention around the CBE is focused on its management of foreign exchange rates, the CBE...
  • Tuesday, 8 December 2015

    Do we need devaluation, or just want it?

    I spend more time than most on the road talking about Egypt, and my day job provides me with more information than your average bear on the views of both foreign analysts and Egypt’s business community. And when I say...

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