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Author Archives: enterpriseam admin
Posted inTHE MACRO PICTURE
African countries have the potential to “leapfrog” the Fourth Industrial Revolution
Countries across Africa have the potential to “leapfrog” the Fourth Industrial Revolution, with their “strong economic growth, increasing regional economic integration and diversification and young entrepreneurial demographic,” Dow Chemical’s president of sub-Saharan Africa Craig Arnold writes for the World Economic Forum. The key to this growth, Arnold says, is doubling down on boosting manufacturing by […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 27 August 2019
Coinciding with the El Sisi-Trump meeting at the G7 yesterday, human rights are once again getting attention in the foreign press: The Wall Street Journal’s Gerald Seib looks at the number of US citizens currently detained in Egypt, and asks why Trump hasn’t used his influence to secure their release. The Trump administration has had […]
Posted inWorth Listening
It’s the story of space travel, but not as we know it, Jim
It’s the story of space travel, but not as we know it, Jim. A group of women who trained in secret to become astronauts in 1961 narrowly missed out on going into space because of gender bias. The Mercury 13, female aviators who took the same grueling physical endurance tests as their male counterparts — […]
Posted inDiplomacy + Foreign Trade
Egypt’s chemicals exports down 10% in 1H2019
Egypt’s exports of chemicals decreased 10% in 1H2019 y-o-y to USD 2.4 bn from USD 2.7 bn in 2018 due to the delay of export subsidies and the low participation of companies in international exhibitions, Chemical & Fertilizers Export Council executive manager Walid Azzab said, according to AMAY. The government last month announced a new […]
Posted inEnergy
BP to drill new wells in Atoll, Katameya fields in Nile Delta
BP is preparing to drill two new wells in the Atoll and Katameya natural gas fields in its North Damietta offshore concession in the Nile Delta, according to an Oil Ministry statement. The drilling work will cost USD 280 mn. The Atoll field is expected to produce 100 mcf/d of gas when it comes online […]
Posted inEnergy
Shell to drill Montu well at West Delta concession this month
Shell is set to begin drilling at the Montu well in its West Delta deep marine concession in the Mediterranean Sea this month, the company said in a statement (pdf). The Discoverer India drillship will drill 6k meters below the water’s surface, setting a new record as the deepest well in Egypt. The well is […]
Posted inEnergy
Egypt in talks with Huawei to transition to a smart grid
Electricity Minister Mohamed Shaker met yesterday with Huawei’s regional corporate head, Michael Li, to discuss the ministry’s plans to transition to a smart electricity grid, according to Al Masry Al Youm.
Posted inBasic Materials + Commodities
Obourland to begin operating new farm by the end of 2020
Cheesemaker Obourland is planning to begin operations at its new cow farm by the end of 2020 to help reduce the cost of buying raw milk, Investor Relations Manager Ramy El Ghazaly told the local press. The farm is initially set to produce 10 tonnes of milk per day, with production expected to increase to […]
Posted inReal Estate + Housing
ORA Developers plans to invest up to EGP 5 bn in ZED project in 2019 and 2020
ORA Developers is planning to invest between EGP 4-5 bn in its ZED project west of Cairo in 2019 and 2020, CEO Haitham Mohamed told Reuters’ Arabic service. The company is also looking to buy 850 feddans in the North Coast.