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President Abdel Fattah El Sisi’s summit with Abu Dhabi Crown Prince Mohammed Bin Zayed topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar). During the meeting, which took place in Alexandria yesterday, the two state leaders discussed cooperation across a wide range of fields and […]
Author Archives: enterpriseam admin
Posted inWorth watching
A brief history of online dating
Think online dating is a recent invention, a scourge of the youth of today? Think again. The multi-bn USD online dating industry (which is now the source of one in five dating relationships) has its roots in a 1959 Stanford project called the Happy Families Planning Service. Two electrical engineering students fed a survey through […]
Posted inDiplomacy + Foreign Trade
Shoukry in DC, meets with Secretary of State Pompeo, Senator Rubio
Shoukry talks Golan Heights, national and regional security with Pompeo, Rubio: Foreign Minister Sameh Shoukry met with US Secretary of State Mike Pompeo and Senator Marco Rubio in Washington yesterday, according to ministry statements (here and here). Shoukry reiterated to Pompeo that Egypt recognizes the Golan Heights as Syrian territory, after US President Donald Trump […]
Posted inDiplomacy + Foreign Trade
President Sisi meets Abu Dhabi Crown Prince in Alexandria
El Sisi, bin Zayed meet in Alex: President Abdel Fattah El Sisi met yesterday in Alexandria with Abu Dhabi Crown Prince Mohammed bin Zayed, according to a statement from Ittihadiya. The two signed bilateral agreements on housing, irrigation, trade and manufacturing. No further details of the agreements were made public.
Posted inDiplomacy + Foreign Trade
Egyptian delegation arrives in Gaza to initiate peace talks
A delegation of Egyptian intelligence officials arrived in Gaza yesterday for further peace talks between Hamas and Israel in advance of mass protests scheduled to take place in Gaza on Saturday, reports The Jerusalem Post. The visit comes after an Egypt-brokered ceasefire failed to prevent renewed violence on the Gaza border on Tuesday.
Posted inEnergy
Infinity Solar to complete four plants at Benban park by mid-April
Infinity Solar has completed the construction of three solar plants in Benban solar power park and expects to complete the fourth by mid-April, Al Mal reports. Two of the completed plants have a production capacity of 50 MW apiece, while the third has a production capacity of 30 MW. The four plants will bring the […]
Posted inInfrastructure
ITDA contracts Egyptian, foreign investors to develop EGP 30 bn logistics centers
The Internal Trade Development Authority (ITDA) has awarded contracts to Egyptian and foreign investors to develop six logistics and commercial centers in Fayoum, Menoufia, Sharkia, Luxor, Beheira and Dakahlia worth a combined EGP 30 bn, the Supply Ministry said in a statement (pdf). The authority had previously awarded similar projects in five different governorates, bringing […]
Posted inManufacturing
Kima to commence trial operations on new facility starting June
Egyptian chemicals company Kima announced its intention to run trial operations in its new manufacturing facility “Kima 2” between June and August of this year, with expected revenues of EGP 24.7 mn for the prescribed operational testing period, according to Al Mal.The total project cost was EGP 11.6 bn, with 62% of the financing coming […]
Posted inHealth + Education
Egypt, US higher education officials sign USD 200 mn grant agreements
Egyptian and US higher education officials signed yesterday an agreement which will see the American side provide grants of up to USD 200 mn through to 2022, according to an Investment Ministry statement. The grants will go toward academic scholarships targeting women and faculty members of American universities based in Egypt. They will also set […]
Posted inHealth + Education
Orchidia Pharma to invest EGP 200 mn to establish new eyedrops factory
Orchidia Pharma aims to invest EGP 200 mn to establish a new eyedrops factory in Obour City, Production Manager Mohamed Etman told the local press. The company has agreed to import three production lines, including two of whose production capacity is at 30 mn eye drops per year. The EUR 500k third production line is […]