This morning in the foreign press: We’ve hit a domestic news lull uncharacteristic of late, as authorities continue the vote count from this week’s election and regional leaders work out their next steps as Israel angrily dismissed Tuesday’s overwhelming UN General Assembly vote for a ceasefire in Gaza. Getting attention this morning: Koshary, pyramids and […]
Author Archives: enterpriseam admin
ADES Holding handed 10-year contract to operate Suez brownfields. PLUS: Beltone Mortgage, Majid Al Futtaim, Sky Investments, EGBank
ADES LANDS SUEZ BROWNFIELDS- A consortium led by the Saudi Public Investment Fund (PIF)-backed ADES Holding was awarded a 10-year contract to operate and ramp up oil production at maturing fields operate by Suez Oil Company and Offshore Shukeir Oil Company. The contract, awarded by the Egyptian General Petroleum Corporation, can be extended for another […]
Dubai is setting up a new sovereign wealth fund
Dubai is getting a new SWF: Dubai is setting up a second multi-bn USD wealth fund to channel state wealth into strategic projects at home and abroad, state news agency Wam reported Monday. The remit: Chaired by Sheikh Mohammed bin Rashid Al Maktoum, the Dubai Investment Fund will focus its investments in stocks, bonds and […]
My Morning Routine: Mahmoud Riad
Riad Architecture is a family-run company that’s behind some of Cairo’s most iconic buildings
DECEMBER 9-15 December (Saturday-Friday): The Engineering Export Council of Egypt’s trade mission to Saudi Arabia. 12-14 December (Tuesday-Thursday): Food Africa Expo, Egypt International Exhibition Center. 14 December (Thursday): Bidding deadline for five gold mine concessions in the Eastern Desert. 14-21 December (Thursday-Thursday): El Gouna Film Festival. 16-18 December (Saturday-Monday): Egypt, Ethiopia, and Sudan to resume […]
THIS EVENING: Adnoc in talks to acquire OCI
Happy THURSDAY, ladies and gentlemen. It’s a reasonably brisk news afternoon here at home, with a light smattering of updates to take us into the weekend. THE BIG STORY TODAY Adnoc mulls takeover of Sawiris’ OCI: The Abu Dhabi National Oil Company (Adnoc) is in “preliminary talks” to acquire 100% of Nassef Sawiris-backed chemical producer […]
Are Meta’s new glasses using multimodal AI another invasion of privacy? Plus: Palestinian films to see during the El Gouna Film Festival
The glasses look inconspicuous but with Meta’s reputation for selling information it is a cause for concern