Back to the complete issue
Thursday, 29 November 2018

Another day of no business news on Egypt’s talk shows

The airwaves were awash with random bits and pieces of news, none of which were business-related.

A draft law to settle building code violations approved by parliament’s housing committee (we have more on that in Speed Round, below) does not affect the government’s agricultural land reclamation campaigns, Rep. Alaa Wali said on Yahduth fi Masr. Wali noted that the settlements sanctioned by the bill would only be applicable to violations occurring before November 2017, and that any cases arising past then will be subject to significant finds. Wildcat building skyrocketed after the events of 2011, reaching around 3 mn by 2017, according to the head of the Housing Ministry-affiliated construction inspection authority (watch, runtime: 10:10).

Military Production Minister Mohamed El Assar talked about the upcoming EDEX 2018, Egypt’s first defense expo, which El Assar told Masaa DMC took over a year to put together. The event is expected to bring together some 373 companies from 41 countries in the defense industry, as well as several defense ministers and military chiefs of staff, he said (watch, runtime: 9:36).

Elsewhere on the airwaves last night:

  • Egypt’s diplomatic relations with Saudi Arabia (watch, runtime: 4:82) and the rest of Africa (watch, runtime: 7:50 and runtime: 5:25) were the topics of two separate discussions on Al Hayah Al Youm and Masaa DMC;
  • Development work at the Maspero Triangle is set to begin in January and should take around three years to complete, according to Cairo’s deputy governor Ibrahim Abdelhady (watch, runtime: 4:31);
  • The Religious Endowments Authority’s revenues have reached an all-time high at EGP 1.21 bn, chairman of the authority’s board Sayed Mahrous said (watch, runtime: 3:18).

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.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.