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It’s another quiet morning in the foreign press: Kawa News takes note of Egyptian recycling and waste-management initiatives, including Bekia and Go Clean.
Author Archives: enterpriseam admin
Posted inWorth reading
Russian nuclear technology in Africa: is it all a power play?
Russia’s nuclear-for-influence strategy in Africa is coming under fire: Russia’s provision of nuclear technology to countries throughout Africa, part of efforts to shore up its influence in the continent, has attracted criticism for being unsuitable and unlikely to benefit the continent’s poorest people, Jason Burke writes in the Guardian. The light-water technology used by companies […]
Posted inWorth watching
The Israeli military is churning out tech entrepreneurs
The Israeli military is churning out tech entrepreneurs: Israel’s booming tech startup scene is being driven by former army conscripts with experience with the military’s highly-advanced war tech, Bloomberg says (watch, runtime: 27:56). It’s a remarkable industry, but one that marginalizes Arab Israelis and Orthodox Jews.
Posted inDiplomacy + Foreign Trade
Unido to provide USD 5.6 mn to fund solar thermal heating in Egyptian factories
Unido to provide USD 5.6 mn to finance solar thermal heating in factories: The United Nations Industrial Development Organization (Unido) has agreed to provide USD 5.6 mn in funding for solar thermal heating projects at Egyptian factories, the local press reported. The project targets using solar thermal heating in 100 industrial facilities in the chemical, […]
Posted inBasic Materials + Commodities
Beet crops reduced due to low returns
The Agriculture Ministry has issued a decision to reduce the amount of land used to cultivate sugar beets to 3.6k feddans from 5k feddans in the 2019-2020 season, according to Al Mal. The ministry’s decision comes in response to oversupply in the market, which has already resulted in several farmers cultivating less of the crop, […]
Posted inHealth + Education
AIG Badr City factory to open by the end of 2019
Arab International Pharmaceuticals Group (AIG) plans to begin operating its new EGP 400 mn antibiotics factory in Badr City by the end of this year, according to local news. AIG had initially planned to inaugurate the factory last year, and had expected to invest EGP 200 mn in the facility. AIG raised its capital to […]
Posted inHealth + Education
Future Pharma to invest USD 3 mn to set up three new production lines
Future Pharma is planning to invest USD 3 mn to set up three new production lines, two of which are to produce tablets and capsules, while the third will be a packaging line, the company’s head of sales Rafik Sayed tells the local press. The company plans to add the lines next year. Future Pharma […]
Posted inReal Estate + Housing
NUCA approves SODIC’s master plan for The Estates project
The New Urban Communities Authority (NUCA) has approved SODIC subsidiary Al Yosr for Projects and Agricultural Development’s master plan for The Estates, its planned new development in west Cairo, according to a statement (pdf). The 630k sqm development is expected to launch in 4Q2019, and will include 500 upscale homes.
Posted inBanking + Finance
MNHD signs EGP 300 mn loan agreement with AAIB to finance Sarai project
Madinet Nasr Housing & Development (MNHD) has signed a EGP 300 mn short-term loan agreement with the Arab African International Bank, according to an EGX disclosure (pdf). MNHD plans to use the loan to finance its Sarai projects.
Posted inBanking + Finance
EFG Hermes and CI Capital to manage Nasser Social Bank securities portfolio
Nasser Social Bank (NSB) has tapped EFG Hermes and CI Capital Asset Management to manage its securities portfolio, NSB Managing Director and Vice Chairman Sherif Farouk told the local press.