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Still topping coverage of Egypt in the foreign press is author Alaa Al Aswany being sued by military prosecutors for insulting the president, armed forces and judiciary. The story is being picked up by the BBC, AP, and L’Orient Le Jour. Otherwise, it really is slim pickings this morning: Egypt’s multi-bn dollar military buildup is […]
Author Archives: enterpriseam admin
Posted inON THE FRONT PAGES
El Sisi urges gov’t to step up efforts to develop public sector companies
El Sisi urges Cabinet to develop the public sector: A meeting between President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly and Public Enterprises Minister Hisham Tawfik yesterday where the president stressed the importance of developing the public sector topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria […]
Posted inWorth reading
Benban solar park brings optimism, but Egypt has a way to go to reach its renewable energy goals
Egypt’s 1.8 GW Benban solar power park will soon become “a source of renewal as vital as the [Nile] river,” says the European Bank for Reconstruction and Development (EBRD). Construction of the 37 sqkm park, in which the EBRD has invested USD 500 mn, could mark the beginning of an industrial-scale shift towards renewable energy. […]
Posted inDiplomacy + Foreign Trade
Madbouly discusses with Russian telecoms minister cooperation in cyber security
Madbouly talks cyber security with Russian telecoms minister: Prime Minister Moustafa Madbouly discussed with Russia’s Minister of Digital Development, Communications and Mass Media Konstantin Noskov cooperation in the telecoms sector, the Cabinet said in a statement. The two sides expressed willingness to cooperate in cyber security and e-government fields.
Posted inDiplomacy + Foreign Trade
Egyptian Business Council for International Cooperation explores business links with Latvia
Talks with Latvia: Chairman of the Egyptian Business Council for International Cooperation Motaz Raslan met with Latvian Ambassador Iveta Šulca on Sunday to discuss ways of increasing business links between the two countries, according to an embassy statement. The Latvian embassy later stressed the mutual desire for multi-sector cooperation, adding that several Egyptian companies and […]
Posted inEnergy
Egyptian Electricity Holding Co. puts plants with 5k MWs out of commission
The Egyptian Electricity Holding Company has put old power plants with a combined production capacity of 5,000 MW out of commission due to their inefficiency and poor condition, the local press reported. The plants were consuming high levels fuel compared to other combined cycle plants as a result of their conditions.
Posted inEnergy
Fluence-Hassan Allam JV awarded Egypt water desalination plant contract
The International Company for Water Services and Infrastructure, a joint venture between Fluence Corporation and Hassan Allam, was awarded a USD 74 mn contract to design and build a water desalination plant in New Mansoura City, according to a Fluence statement (pdf). The plant will have an initial capacity of 40,000 cbm/day and a future […]
Posted inEnergy
India’s Exim Bank to provide USD 30.4 mn financing to Benban solar energy projects
India’s Export-Import Bank is planning to provide financing worth USD 30.4 mn for three solar energy projects in Benban complex in Aswan, Al Ahram reports. The three projects will have a production capacity of 50 MW each.
Posted inInfrastructure
Carrefour to open major logistics center in Egypt
The Internal Trade Development Authority has agreed with supermarket chain Carrefour to establish a major logistics center in Egypt, as part of Carrefour’s plan to open 100 branches in Egypt, reports Al Masry Al Youm. The authority is looking to set up the complex on an area of 25 feddans in either Obour or Badr […]
Posted inInfrastructure
New joint venture company planning infrastructure projects in Suez Canal economic zone until 2030, to boost investment
A “huge amount” of infrastructure work is taking place within the new Suez Canal Economic Zone to attract new investment, Zawya reports. The General Authority for the Suez Canal Economic Zone aims to build new water treatment and desalination plants to provide 250,000 cubic metres (m3) of water per day. The first plant will treat […]