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France’s NGE to build Sokhna-Alexandria section of high-speed rail: French construction firm NGE and its subsidiary TSO have signed a contract to construct half of the first phase of Egypt’s high-speed rail line, the company said in a statement Thursday. TSO will be responsible for laying the track for a 330-km section linking Ain Sokhna […]
Author Archives: enterpriseam admin
Posted inEnergy
Eni Egypt gas production down 6% in 4Q 2022
Eni gas production in Egypt down in 4Q 2022: Eni’s natural gas production in Egypt fell 6% y-o-y in 4Q 2022, contributing to a fall in the company’s overall gas output, the Italian energy giant said in its earnings release (pdf) Thursday. The company produced 1,331 mn cubic feet per day in the October-December period, […]
Posted inLAST NIGHT’S TALK SHOWS
Say no to poultry racism + mandatory pre-marriage health exams
Last night’s talk shows: Chicken prices, marriage health tests, and the sentencing of Mortada Mansour were all given prominent coverage by the nation’s talking heads last night. Poultry takes center stage amid soaring prices + Brazilian chicken controversy: Most of the nation’s talk shows gave special attention to the price of chicken as the government […]
Posted inEGYPT IN THE NEWS
Weaker EGP could lure British tourists
This morning in the foreign press: EGP devaluation draws bargain-hunting Brits. A UK Post Office index (pdf) ranking GBP exchange rates for currencies used in destinations frequented by British tourists has the international press touting Egypt as an increasingly affordable choice. “The collapse of the EGP in the past year means visitors to Egypt will […]
Posted inAlso on our Radar
Egypt buys 240k tons of Russian wheat. PLUS: News from EBRD, USAID and more
This is the third World Bank-funded wheat tender this year.
Posted inPLANET FINANCE
Adnoc Gas IPO sees huge demand
Adnoc Gas’ USD 2 bn IPO covered within hours: The natural gas arm of the UAE’s Adnoc covered the orderbook for its IPO within hours of opening on Thursday, Bloomberg reports citing a message seen by investors. Some USD 850 mn was committed by cornerstone investors including Abu Dhabi state-linked organizations, Alpha Dhabi Holding and […]
Posted inDiplomacy
Egypt backs Russia withdrawal from Ukraine in UN vote
Egypt votes with Ukraine at UN General Assembly: Egypt joined calls for Russia to pull its troops out of Ukraine in a UN vote on Thursday. The country was one of 141 to vote in favor of a resolution (pdf) that called for a “just and lasting peace” and for Moscow to “completely and unconditionally […]