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Egypt, Cyprus step up defense ties: Egypt and Cyprus are sharing information to enhance security as they conduct their offshore search for natural gas, Cypriot Defense Minister Savvas Angelides said yesterday, according to the Associated Press.
Author Archives: enterpriseam admin
Posted inEnergy
NUCA signs MoU for waste-to-energy project in west Cairo
The New Urban Communities Authority (NUCA) has signed an MoU with Besixand Orascom Construction for a waste-to-energy project to supply cement factories in west Cairo, according to a Housing Ministry statement. The two companies will fund all the necessary studies while the authority would be in charge of supplying them with the raw material needed […]
Posted inEnergy
El Molla talks investment in Egypt with Emirati oil company heads
Oil Minister Tarek El Molla met yesterday with Emirati Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber to talk investing in Egypt’s oil and gas sector, according to a ministry statement. El Molla also discussed the ongoing cooperation in airplane refueling in Egyptian airports with Emirates National […]
Posted inEnergy
First well from Baltim South West field linked to Egypt’s national grid
Italy’s Eni has linked the first well in its Baltim South West natural gas field to the national grid, an EGAS source said. The well has a production capacity of 50 mcf/d and is the first of six wells, which will bring the field’s total production to 500 mcf/d once developed during the current fiscal […]
Posted inInfrastructure
Two European companies to build USD 750 mn Damietta logistics zone
The Damietta Port Authority signed an MoU yesterday with European companies Eurogate Terminals and Contship Italia to establish the largest logistics zone in the MENA region with EUR 750 mn in investments, the ministry said in a statement. The center will include a container station, a railway, a dry port and distribution zone, and will […]
Posted inReal Estate + Housing
Palm Hills inks agreement with JBI to manage Sixth of October project
Real estate developer Palm Hills has signed an agreement with Julius Burger International (JBI) to manage phase 1A of its Badya project in 6 October, the company said in an EGX disclosure (pdf). “JBI will handle all project management activities including the administration and monitoring of all contractors’ activities,” among other responsibilities, the company said. […]
Posted inTelecoms + ICT
Telecom Egypt to begin working on EGP 40 bn new capital IT network
Telecom Egypt (TE) will begin working on a EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications network in the new administrative capital, cabinet said in a statement. TE will build and operate the city’s tech and digital security infrastructure under an agreement signed between the state-owned landline monopoly and the New […]
Posted inTelecoms + ICT
Seven technological parks to be launched in universities in 2019
Seven technological parks are due to be launched this year at different universities in Egypt at a total cost of EGP 1 bn, CIT Minister Amr Talaat told the local press. The opening of the parks is intended to align with the beginning of the new academic year, and the ministry will play a key […]
Posted inLaw
Shalakany acts as lead counsel in Global Telecom-Tax Authority dispute
Shalakany Law Firm acted as lead counsel for Veon in the final closing of the USD 136 mn tax settlement with the Egyptian Tax Authority, according to a statement (pdf). The firm also represented Veon in GTH’s delisting from the EGX, it said.
Posted inMy Morning Routine
My Morning Routine: Mahamad El Tanahy, founder of Mindsalike and Bright Creations
Mahamad El Tanahy, founder and managing director of Mindsalike and Bright Creations: My Morning Routine looks each week at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Mahamad El Tanahy (LinkedIn), founder and […]