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El Sisi directs senior officials to build eco-friendly ports: President Abdel Fattah El Sisi’s meeting with Prime Minister Moustafa Madbouly and the finance, environment, and transport ministers to develop Egypt’s ports into more eco-friendly facilities topped the front page of state-run Al Akhbar. Egypt’s disappointing loss to South Africa was relegated to the sidelines. Both […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
El Sisi meets Jordanian Prime Minister Omar Al Razzaz
President Abdel Fattah El Sisi held talks on economic cooperation with Jordanian Prime Minister Omar Al Razzaz in Cairo last week, according to an Ittihadiya statement. The meeting came as Al Razzaz and Prime Minister Moustafa Madbouly held the Egyptian-Jordanian Higher Committee meeting, during which the two sides signed a number of cooperation agreements.
Posted inDiplomacy + Foreign Trade
Egypt’s exports into Africa climb 26.9% y-o-y to USD 4.7 bn in 2018
Egypt’s exports to the rest of Africa climbed 26.9% y-o-y to USD 4.7 bn in 2018, up from USD 3.7 bn in 2018, according to CAPMAS figures cited by Al Masry Al Youm. North Africa and Sudan accounted for the lion's share of exports into the continent. Egypt’s imports from African nations for the year […]
Posted inEnergy
Italy’s Eni in talks over LNG facility in Egypt
Italy’s Eni is in talks over an LNG facility in Damietta that should begin operations “soon this year,” Reuters quoted CEO Claudio Descalzi as saying, without providing any further details.
Posted inEnergy
Mexico’s PetroBal makes oil discovery in Sinai field
Mexico’s PetroBalhas made a discovery in one of Egypt’s oldest Sinai fields, the company said in a report to the Oil Ministry. The company is working on a development strategy for the region in which the field falls, which includes 10 wells at a capacity of at least about 3k barrels per day, to step […]
Posted inEnergy
Four companies express interest in Egypt power projects
Four companies — Hyundai, Toyota, Voigt and VINCI — have made offers to the Electricity Ministry to cooperate in building two water pumping and storage stations to generate power in Luxor and Qena, Minister Mohamed Shaker told the local press. The two stations are expected to have a production capacity of 4 GW and cost […]
Posted inEnergy
El Sisi ratifies Egypt-Cyprus pipeline agreement
President Abdel Fattah El Sisi ratified an agreement between Egypt and Cyprus to build a natural gas pipeline, the local press reported. The pipeline will allow natural gas from the Aphrodite gas field to be transported to Egypt’s liquefaction facilities at Idku and Damietta, and re-exported as liquefied natural gas. Parliament had signed off in […]
Posted inInfrastructure
Metito to establish EGP 1.6 bn desalination plant in El Arish
UAE-based water treatment company Metito will establish a EGP 1.6 bn water desalination plant in El Arish with a capacity of 100k cubic meters per day, the local press reports. The project is being constructed in cooperation with Orascom, and is slated for completion in 2021, Metito CEO Karim Medour said.
Posted inHealth + Education
SODIC-supported initiative Educate Me inks MoU with Education Ministry
SODIC-supported initiative Educate Me (Alemny) has inked an MoU with the Education Ministry to support public education on a national scale, the upmarket real estate developer said in press release (pdf). Educate Me is a non-profit supported by SODIC and self-styled venture philanthropy organization Alfanar. It operates a pre-school in Talbiya, as well as a […]
Posted inHealth + Education
Egypt, Cyprus sign MoU to increase cooperation in engineering education
Around 570 Egyptian engineering students will receive technical training by the Cypriot University of Neapolis after Investment and International Cooperation Minister Sahar Nasr signed an MoU with the university on Thursday, the ministry said in a statement (pdf). Nasr discussed expanding the program to include other professions such as commerce, as well as a plan […]