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LEGISLATION WATCH- El Sisi issues amendments to the Labor Unions Act, which regulates the formation and activities of workers’ unions, reports Al Shorouk. The amendments grant workers the right to establish unions that are made up of at least 50 workers. Union organizers who violate the act will be subject to fines ranging between EGP […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Earnings: Emaar Misr turns loss of EGP 324.3 mn in 3Q2019
EARNINGS WATCH- Emaar Misr turned net losses of EGP 324.3 mn in 2Q2019, down from a net profit of EGP 598.5 mn in 2Q2018, according to the developer’s earnings release (pdf). This came despite the company’s revenues declining by only 3.4% y-o-y to EGP 890.8 mn from EGP 922.2 mn. The real estate plater posted […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inImage of the Day
Mapping the world through machine learning
Mapping the world through machine learning: Facebook researchers are using machine learning models on high-resolution satellite imagery to produce detailed maps showing human settlement around the world, including this image of North Egypt, courtesy of Visual Capitalist. With 95% of our population living along the banks of the Nile, Egypt is a highly illustrative example […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 6 August 2019
Sunday’s car bomb explosion outside of the National Cancer Institute in Downtown Cairo is dominating the conversation in the foreign press: You can find international coverage of the incident in this morning’s Speed Round. We’re being particularly inspirational this week: Yesterday, a Nigerian regulator was waxing lyrical about our reforms in the power sector. Today, […]
Posted inWorth watching
How do scientists produce incredible colored photos of space?
How do scientists produce incredible colored photos of space? The Hubble space telescope has been orbiting Earth since 1990, expanding are view of deep space. But contrary to what most believe, it only takes photos in black and white. To show us color photos of space, scientists use a technique that imitates how our eyes […]
Posted inEnergy
NREA to offer tender for solar energy plant in Hurghada
The National Renewable Energy Authority (NREA) will issue a tender for companies to build a 20 MW solar energy plant in Hurghada, an unnamed government official told the local press. The plant will have an energy storage battery, which will be the first of its kind in Egypt, the official said. The plant will be […]
Posted inInfrastructure
MOT to auction 15 commercial spaces in railway stations
The Egyptian Railways Authority’s investment arm MOT for Investments and Projects is planning to auction 15 commercial spaces in railway stations this month, an unnamed official from the authority told Al Mal. The plots range between 20 and 2.5k sqm, and will be granted to the highest bidders.
Posted inInfrastructure
Egypt to tender 200k sqm in the Robbiki Leather City in 4Q2019
State-owned Cairo for Investment and Development is planning to tender 200k sqm in the Roubiki Leather City in 4Q2019, CEO Yasser El Maghraby told the press. Land plots ranging between 1-5k sqm will be offered for investors looking to set up leather tanneries as part of the second development phase of the leather-specialized industrial complex.
Posted inInfrastructure
Egyptian-Italian-Chinese coalition offer to build dry port in 10th Ramadan City
An Egyptian-Italian-Chinese coalition has made an offer to the Transportation Ministry to build, manage and operate a dry port and logistics center in 10th of Ramadan City, the ministry said in a statement. The project would facilitate trade between 10th Ramadan, Badr City, Ain El Sokhna and east Port Said. After a meeting with the […]