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Egypt has brokered a ceasefire between Israel and Hamas which went into effect at 10PM yesterday, a Palestinian official told Reuters. Hamas media also confirmed the ceasefire, which brought a day of clashes to an end. Israel launched air strikes across the Gaza Strip after a rocket attack wounded seven people in central Israel.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
President El Sisi meets Chinese defense minister to discuss economic, security cooperation
President Abdel Fattah El Sisi met with the Chinese defense minister Wei Fenghe to discuss bilateral economic and security cooperation, according to a presidential statement. El Sisi pledged Egypt’s support for China’s Belt and Road initiative and spoke about the country’s ongoing infrastructure and energy projects. Defense Minister Mohamed Zaki met separately with Fenghe on […]
Posted inDiplomacy + Foreign Trade
Egypt, US conclude 31st military cooperation committee meeting
An Egyptian delegation travelled to Washington on March 20-22 to take part in the Egypt-US Military Cooperation Committee (MCC) meeting, according to a press release from the US Department of Defense. Delegations from the respective countries discussed counter-terrorism strategies, border security and opportunities for broader cooperation during the three-day meeting. The MCC is the primary […]
Posted inInfrastructure
Hassan Allam in talks with government over two desalination plants
The government is in talks with Hassan Allam Holdings to construct two water desalination and sewage treatment plants at a cost of EGP 2 bn, according to the local press. Final studies are currently underway to determine the cost of selling the water to the government.
Posted inBasic Materials + Commodities
GASC reverts to delayed payment schedules for imported wheat
State grain purchaser GASC announced that they would be reverting to a delayed payment schedule on the upcoming wheat tender, fulfilling payments to suppliers within 180 days, a government source and traders told Reuters. GASC had made immediate payment on their January and February tenders this year, but the return to deferred payments will likely […]
Posted inBasic Materials + Commodities
Egypt’s wheat, corn and rice imports to rise: USDA
Egypt’s imports of wheat, corn and rice will increase by 0.8%, 1% and 25% year-on-year in MY2019-20, according to the US Department of Agriculture. The report forecasts wheat imports to hit 12.6 mn metric tonnes (MMT), corn imports to increase to 9.5 MMT and rice imports to reach 500k MMT in the next marketing year, […]
Posted inHealth + Education
Tatweer Misr partners with US institutions for planned American university project
Real estate developer Tatweer Misr has partnered with New Jersey Institute of Technology and Ocean County College — two American higher education institutions — for its planned American university project in Bloomfields compound in New Cairo’s Mostakbal City, CEO Ahmed Shalaby said, according to Al Shorouk.
Posted inHealth + Education
High school first years fail to access electronic exams on Egypt’s new platform
Secondary school students across 26 governorates were unable to access their exams through the Education Ministry’s e-platform for two days in a row due to a system failure, AMAY reports. Minister Tarek Shawky said the problem was caused on the back of too much web traffic, since 2 mn tried to access a server designed […]
Posted inReal Estate + Housing
Palm Hills mulls getting up to 200 feddans in New Mansoura City
Luxury real estate developer Palm Hills is considering purchasing a 100-200 feddan land plot in New Mansoura City under a public-private partnership, Real Estate Portfolio Director Tarek El Ghamrawy told reporters. El Ghamrawy did not disclose further details on what the developer intends to do with the land.
Posted inTourism
State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort
State-owned Holding Company For Tourism and two of its subsidiaries are planning to purchase the privately-owned Carnelia Beach Resort in Marsa Alam for USD 10 mn, sources familiar with the matter told Al Mal. The three companies set up a EGP 100 mn new company for the purchase, in which the holding company owns a […]