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Human rights is leading the conversation on Egypt in the foreign press again. Last week’s detention of labor rights lawyer Haytham Mohamdeen and former political activist Mostafa Maher have sparked fears of a renewed wave of arrests targeting “peaceful dissent or individuals with a history of activism,” Amnesty International said in a statement. The statement […]
Author Archives: enterpriseam admin
Posted inON THE FRONT PAGES
Salman invites El Sisi to attend Islamic cooperation summit
Egypt and Saudi’s close ties are the theme of the morning in state-owned newspapers, with an invitation from Saudi Arabia’s King Salman to President Abdel Fattah El Sisi to attend an Organization of Islamic Cooperation summit topping the front pages of Al Ahram, Al Gomhuria, and Al Akhbar. In a meeting with Saudi Ambassador to […]
Posted inWorth reading
Asset managers have declared plastic waste a key business risk
Asset managers have declared plastic waste a key business risk: Asset managers are beginning to ask companies to disclose their production of plastic waste in a bid to reduce environmental damage, the FT reports. Funds including Schroders, BMO Global and Hermes are collecting data from companies about their use of plastics and are encouraging them […]
Posted inWorth watching
World concerned Big Brother could emerge from facial recognition tech
Big Brother wants to see your face: Last week, San Francisco became the first American city to ban facial recognition technology used by law enforcement, according to Bloomberg (watch, runtime: 3:38). The move was prompted by civil liberty concerns and fears that this tech could enable a sort of “totalitarian state.” The tech has been […]
Posted inDiplomacy + Foreign Trade
Egypt’s Sisi ratifies EUR 102.5 mn loan agreement with Germany
President Sisi ratifies EUR 102.5 mn loan agreement with Germany: President Abdel Fattah El Sisi on Thursday ratified an agreement with Germany allowing Egypt to receive EUR 102.5 mn worth of loans, Al Shorouk reports, citing the Official Gazette. Under the terms of the agreement, Germany will lend the money to either the government or […]
Posted inEnergy
Egypt’s annual electricity production from renewables hits 6 GW
Egypt is now generating 6 GW of electricity from renewables each year, with 2 GW coming from solar and wind power, executive chairman of the New and Renewable Energy Authority (NREA) Mohamed El Khayat said, according to Egypt Today. Egypt appears to be on course to meet its target to produce 20% of its energy […]
Posted inInfrastructure
General Electric, ENPPI to build Assiut electricity transmission station
General Electric and petroleum contractor Enppi were awarded a contract to construct a USD 25 mn electricity transmission station in Assiut that will feed electricity to Assiut Oil Refining Company’s new refinery, Al Masry Al Youm reported. The project is expected to be completed within 12 months.
Posted inManufacturing
AOI discusses train carriage equipment manufacturing with Spain’s Colway
The Arab Organization for Industrialization is looking into potentially cooperating with Spain’s Colway on manufacturing railway carriages’ internal equipment, Middle East News Agency reported.
Posted inReal Estate + Housing
Egypt’s HHD plans to auction 190-feddan in Heliopolis as part of sell off plan
Heliopolis Housing and Development (HHD) is planning to auction another land plot in Heliopolis as part of its plans to sell off a total of 190 feddans to finance debt repayment and investment, HHD’s Sahar Al Damati said, according to the local press. The company is also selling 32 plots in Sheraton through direct order […]
Posted inAutomotive + Transportation
EgyptAir to receive third Boeing Dreamliner aircraft next month
EgyptAir will receive a third Boeing 787 Dreamliner next month as part of a USD 6 bn agreement signed in late 2017 to buy 45 new planes to upgrade its fleet, a source within the company told Ahram Online. The agreement, which involves buying six new Boeing 787-9 Dreamliners, is believed to be the biggest […]