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Sunday, 18 June 2017

What we’re tracking on 18 June 2017

We’re in the home stretch now, ladies and gentlemen — the last full business week of Ramadan has just begun, and we have a packed edition to get things underway, including a rundown of what looks set to be a busy summer / fall agenda for the House of Representatives.

But first: What happened with the gold exploration tender? The results of the Egyptian Mineral Resources Authority (EMRA)’s gold exploration tender are still not public. The Oil Ministry had said in mid-May that the results of what EMRA Chief Omar Taima hinted was a successful bid round were supposed to be announced before the start of June. Centamin, Aton Resources, and Thani Stratex, the three largest mining companies in Egypt, had all refused to participate in the bid round, citing concerns over EMRA’s insistence that production sharing agreements were the way to go. The only news we’ve heard on the tender was a leak that 14 companies have reportedly placed bids. Let us know if you’ve heard anything that we clearly haven’t.

Is it just us, or are the cops rebranding? We got a taste of 1950s America three times over the weekend as we spotted classic black-and-white patterned police vehicles — both sedans and vans — in Giza and Maadi.

Wait, you can actually taste an ancient Egyptian beer today? It’s still a little early in Ramadan to be thinking about ethanolic beverages, but we blame the Wall Street Journal for our preoccupation this morning after reading the paper’s review of Ancient Brews: Rediscovered and Re-created. The story notes that US brewer Dogfish Head used “the available chemical, archaeobotanical, and textual evidence” to (re-)create a brew it has dubbed Ta Henket a few years back. See reviews of the beverage on RateBeer and Beer Advocate or visit the brewer’s product page, which notes, “To ferment this earthy ancient ale, Sam and friends traveled to Cairo, set out baited petri dishes and captured a native Egyptian saccharomyces yeast strain.”

Muslim food trend we’ve never heard of: Halal chocolate, which Bloomberg tells us is becoming a thing.

So, when do we eat? Maghrib prayers are at 6:59pm CLT in Cairo, and the cutoff time for sohour is 3:08am.

PSA #1- On the off chance your dad, like ours, spent any amount of time in the US, Canada or France, you are hereby reminded that it is Father’s Day today in the aforementioned jurisdictions.Whether your kids decide to remember you or not is immaterial: Give dad a ring. Stop by unexpectedly for fetar. Be grateful you still have him. That is all.

PSA #2- Egypt observes the Eid Al-Fitr holiday next week. It’s a three-day break starting Sunday or Monday, and Enterprise is going to be taking a break for the full week to catch up on our sleep. We’ll be back to our normal publication schedule on Sunday, 2 July.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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