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Modern-day Egypt: Not purely the product of the literate elite. Historians often credit Egypt’s educated, literate upper class for molding the modern-day nation state between 1870 and 1930, and the common historical narrative tends to make a binary division between the literate elites and the uneducated majority. The reality was much more nuanced, argues Dr. […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt invites Hamas leaders for ceasefire talks with Israel
A Hamas delegation is in Cairo to discuss with Egyptian officials a ceasefire with Israel following a series of rocket attacks in the Gaza strip, according to the Times of Israel. A delegation from the Palestinian Islamic Jihad group is expected to attend the talks in the coming days as well.
Posted inEnergy
Gupco to increase investments in Ras Shuqair
The Gulf of Suez Petroleum Company (Gupco) is planning to invest USD 1.2 bn over the next two years on exploration and development, according to the local press. This includes a USD 503 mn investment in Ras Shukeir, where the company plans to drill 13 new wells. Gupco was initially established as a joint venture […]
Posted inEnergy
Egas issues tender for LNG cargoes
The Egyptian Natural Gas Holding Co (Egas) has issued a tender for three LNG cargoes for loading from the Idku gas liquefaction plant near Alexandria, two industry officials said, according to Reuters. The officials did not disclose the size of the cargoes. The tender closes on 28 August.
Posted inEnergy
Vodafone Egypt looking to invest in renewable energy
Vodafone Egypt is looking to invest in renewable energy projects and smart technology in Egypt, CEO Alexandre Froment-Curtil said yesterday in a meeting with Electricity Minister Mohamed Shaker. The meeting comes in light of government efforts to push for renewable energy to cover 20% of the country’s needs by 2022 and over 42% by 2035.
Posted inBasic Materials + Commodities
Egypt mulls imposing anti-dumping tariffs on sugar imports
The government is considering imposing a 20% anti-dumping tariff on sugar imports for 180 days after receiving complaints from local producers of large stockpiles and slow sales, unnamed sources tell the local press. The government would impose the tariff in return for raising the procurement price of sugar cane and beet as requested by farmers.
Posted inManufacturing
Industrial Complex to be built near Port Said
The Chemical and Fertilizers Exports Council is building a 250k sqm industrial complex in the Suez Canal Economic Zone, according to Masrawy. The council plans to earmark the entirety of the complex’s production output for exports. No further details were provided on the expected investments or timeline for the complex.
Posted inHealth + Education
Africa Crest Education plans to invest EGP 800 mn to build two schools in Egypt
Dubai-based Africa Crest Education Holdings (ACE) is planning to invest EGP 800 mn to build two schools in Egypt, Al Mal reported. The schools include one in the new administrative capital that will open its doors to 2k students at the start of the 2020/2021 academic year, and another in Capital Group’s Al Burouj project […]
Posted inHealth + Education
Health startup Hospitalia looking to expand beyond Cairo
On-demand home healthcare service platform Hospitalia aims to expand to Giza this year and to the Alexandria and Delta regions by 2021, said founder Mohamed Maamon. The company also plans to release an app on Android at the beginning of 2020, he said. Hospatalia will be competing at seed-stage startup competition Seedstars Summit in Switzerland […]
Posted inAutomotive + Transportation
White taxis are launching their own ride-hailing app
White-taxi drivers are launching their own ride-hailing app, developed by an Egyptian company, in October, Taxi Drivers’ Union head Mahmoud Abdelhamid tells the local press. White-taxi drivers were supposedly launching this very same app back in 2016 at the height of their complaints over the growth of ride-hailing apps Uber and Careem. The Ride-Hailing Apps […]