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Is China’s race to lead AI bringing Big Brother to the classroom? A multi-bn USD project in China constitutes one of the world’s biggest experiments in AI education, but the bid to boost the grades of 200 mn students comes at a high cost, this Wall Street Journal video suggests (watch, runtime: 05:43). Among several […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt’s El Sisi sits down with world leaders, FAO director in New York
El Sisi sits down with world leaders, FAO director in New York: President Abdel Fattah El Sisi discussed political and economic cooperation with Jordanian King Abdullah II and Iraqi President Barham Salih in New York, where El Sisi landed on Saturday, according to an Ittihadiya statement. El Sisi also held talks with Sierra Leonean President […]
Posted inEnergy
Empower could invest EGP 300 mn in three new waste-to-energy plants
Renewable energy company Empower is considering investing EGP 300 mn in the construction of three new waste-to-energy plants, Chairman Hatem El Gamal told Al Shorouk. The plants would be powered by agricultural waste collected from farmers.
Posted inEnergy
Enppi working with Aramco to repair damaged oil facilities
Enppi has started working with Saudi Aramco to help repair the Shaybah field, and Abqaiq and Khurais refineries after the recent attack on the facilities, a source told the local press. Enppi engineers have been sent to inspect the facilities and provide a technical report on the size of the necessary repairs.
Posted inBasic Materials + Commodities
Egypt to launch in October first agriculture commodities exchange
The Supply Ministry will launch next month Egypt’s first exchange for industrial and agricultural commodities, where traders usually buy and sell futures contracts, Minister Ali El Moselhy said, according to a cabinet statement. The exchange will be 60% owned by the state and 40% by the private sector. It will initially allow five commodities — […]
Posted inReal Estate + Housing
Saudi real estate company to invest EGP 10 bn in Egypt
Saudi Arabian real estate investment company Darwaza Group is planning to invest EGP 10 bn in Egypt, said Hamad Al Showair, head of the National Real Estate Committee at the Council of Saudi Chambers. He did not give details on the company’s projects or a timeframe.
Posted inTourism
Turkish Airlines to begin operating today its first regular flight to Egypt’s Luxor
Turkish Airlines will begin operating its first flight to Luxor from Istanbul today, head of the chamber of tourism companies in Luxor Tharwat Agamy told Al Mal. The flights will run four times a week, and are expected to bring European and American tourists.
Posted inTourism
Tutankhamun coffin restoration will take 7-9 months -El Anany
The restoration of King Tutankhamun’s coffin will take between seven and nine months, Antiquities Minister Khaled El Anany told reporters on Saturday. The coffin arrived at the new Grand Egyptian Museum (GEM) six weeks ago, and is intended to be displayed beside other golden coffins and artifacts of ancient Egypt’s most famous king when the […]
Posted inAutomotive + Transportation
Shipping companies swap Egypt for Greece due to high port fees
Greece’s Port of Piraeus has seen revenues increase 14.1% y-o-y in 1H2019 thanks to shipping alliances abandoning East Port Said due to high fees, according to a report by China’s COSCO Shipping picked up by Al Mal. The Transport Ministry has increased port fees by 200%, prompting shipping companies to search for other alternatives. International […]
Posted inAutomotive + Transportation
Egypt to launch next month Ain Sokhna-Mombasa shipping line
The government will begin operating early next month a shipping line from Ain Sokhna Port to Mombasa Port in Kenya, Public Enterprise Minister Hisham Tawfik said, according to Hapi Journal. The line will offer “a full range of transport and logistics services” to global traders working with East African countries, Tawfik added.