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The British Airways decision to suspend flights to Cairo for a week continues to provide international media with a chance to rake Egypt’s security over the coals. Exhibit A: This Deutsche Welle article that, despite quoting a security analyst as saying, "You have to distinguish between Sinai and the rest of the country," does not […]
Author Archives: enterpriseam admin
Posted inWorth watching
Two travelers cross Egypt with no money
This story of two young Egyptians hitchhiking across the country with only a token EGP 1 each is a reminder that the world isn’t always such a bad place. On day 1 of their trip (watch, runtime: 16:19) they journey from Cairo to Suez, meeting a host of characters who offer them food, money and […]
Posted inDiplomacy + Foreign Trade
Egypt, EU discuss EUR 110 mn financing for 2020 projects
The European Union is planning to provide EUR 110 mn to finance projects in Egypt next year, the Investment Ministry said in a statement. The projects will span water, renewable energy, trade and local development, the ministry said following a meeting between a number of Egyptian ministers and EU officials. The funding comes as part […]
Posted inDiplomacy + Foreign Trade
EGX, AfDB discuss cooperation to develop Africa’s capital markets
EGX, AfDB discuss cooperation to develop Africa’s capital markets: Officials from the EGX discussed cooperation plans to develop capital markets in Africa with an African Development Bank (AfDB) delegation led by Egypt country manager Malinne Blomberg, Youm7 reported.
Posted inEnergy
Egypt’s natural gas imports from Idku plant rises to 750 mcf/day
Egyptian natural gas exports from Shell’s Idku terminal increased to 750 mcf/day this month from 500 mcf/day in June, an EGAS source told the local press. Egypt is currently running a natural gas surplus of 1.56 bcf/d
Posted inBasic Materials + Commodities
Sugar crop production rises 320k tonnes y-o-y to hit record levels
Egypt produces a record 2.48 mn tonnes of sugar crop this season, marking an increase of some 320,500 tonnes y-o-y, Agriculture Minister Ezz El-Din Abu Steit said in a statement on Monday. Around 248,200 feddans of sugar cane were cultivated, while 584,580 feddans of sugar beet were cultivated. The average output from each feddan of […]
Posted inHealth + Education
Egyptian vocational graduates struggle to find sustainable work
A lack of structural support is preventing vocational education graduates from entering or remaining in the workforce, with a recent study by the Population Council’s Egypt office showing that 49% of vocational education graduates in Egypt were unemployed in 2018, Al-Fanar Media reports. A 2017 Capmas study showed that every year some 450k students complete […]
Posted inTelecoms + ICT
Egypt targets average internet speed of 20 MB/second next year
The CIT Ministry is looking to increase Egypt’s average internet speed to 20MB/second by the end of the year, Youm7 reported. The average internet speed in the country has now reached 10 MB/second, up from 5 MB/second in 2018. State-owned Telecom Egypt has invested USD 2 bn to upgrade internet infrastructure.
Posted inAutomotive + Transportation
Total Egypt, Dynamics Distribution sign agreement for motor oil supply
Total Egypt has signed an agreement with Dynamics Distribution to supply motor oils for Fiat and Alfa Romeo cars, the company announced in a press release (pdf). Total Egypt will supply Dynamics with Total Quartz 0W-30 oils, which have been designed for Fiat engines.
Posted inBanking + Finance
Egypt to receive second tranche of USD 3 bn Chinese business district loan
The Housing Ministry will sign today an agreement to receive the second tranche of a USD 3 bn loan arranged by eight Chinese banks for the new capital’s business district, Housing Minister Assem El Gazzar said. Egypt secured the loan during President Abdel Fattah El Sisi’s participation in the Belt and Road Forum in Beijing […]