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Shoukry’s visit to Syria is the first by an Egyptian FM in over a decade
Author Archives: enterpriseam admin
Posted inAdvertiser
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Posted inInvestment Watch
Egypt, UAE, Jordan and Bahrain to establish 9 industrial projects under regional partnership
Egypt, UAE, Jordan + Bahrain sign agreements for USD 2 bn worth of industrial projects: Egypt, the UAE, Jordan and Bahrain signed agreements to establish nine joint industrial projects at an investment cost of USD 2 bn, the Egyptian Trade Ministry said yesterday. The four countries inked 12 agreements in Jordan yesterday for the projects, […]
Posted inEnergy
Scatec + Norway propose another Egypt-Europe interconnector
Scatec + Norway-backed Europe electricity link? The CEO of Norwegian renewable energy developer Scatec proposed a new electricity interconnection project between Egypt and Europe in a meeting with Prime Minister Moustafa Madbouly last week, according to a cabinet statement. The project would be backed by the Norwegian government and would export power generated by renewable […]
Posted inEARNINGS WATCH
MNHD earnings surge in 2022 on record sales, GB Auto net income up on MNT stake sale
Record sales for MNHD in 2022:Madinet Nasr Housing and Development’s (MNHD) net income more than doubled in 2022 on the back of a surge in revenues, the company said in its earnings release(pdf) yesterday. Net income surged 165% y-o-y to EGP 747 mn during the year after a rise in deliveries and record-breaking gross contracted […]
Posted inMoves
EasyCash appoints new chairman
Mobile payments player EasyCashhas appointed Abdeen Abuarida (LinkedIn) as the company’s chairman, Al Mal reports. Abuarida currently also serves as chairman of several other companies including Incent and Wateen and serves as chairman and CEO of Abu Arida Sons Contracting Company.
Posted inLAST NIGHT’S TALK SHOWS
FM Shoukry to meet Syria’s Bashar Al Assad today?
It was a bit of a one-note night on the airwaves last night, with state media dedicating much of the airtime to covering statements by the president and prime minister yesterday about the government’s Sinai development plan. Ala Mas’ouleety (watch, runtime: 6:33), Masa’a DMC (watch, runtime: 5:34), Al Hayah Al Youm (watch, runtime: 1:55), and […]
Posted inEGYPT IN THE NEWS
Inflation is topic du jour in the foreign press
The economic crisis is front and center in the international press this morning, foreign outlets commenting on the impact of surging prices on Egyptian society. Koshary is food of the poor no more: Spiraling food prices are putting Koshary — a traditional food of the working class — beyond the reach of Egypt’s poorest. Bloomberg’s […]