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MOVES- The Public Enterprises Ministry has appointed army Staff Major General Salah El Din Helmy as chairman of the Holding Company for Maritime and Land Transport, according to a statement (pdf). The ministry also brought in Emad El Din Moustafa, a senior accountant, as the chairman of the Chemical Industries Holding Company, Minister Hisham Tawfik […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Correction: Royal Ceramica is targeting exports to Africa, but not investing in Morocco
CORRECTION- Contrary to a report in the domestic press that we noted in yesterday’s edition, Royal Ceramica is not pursuing an EUR 12 mn investment in Morocco. Royal Ceramica CEO Hossam El Sallab reached out yesterday to let us know that the company is not investing in manufacturing facilities “in Morocco or any other markets […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inCOFFEE WITH ENTERPRISE
Coffee with Mohamed Abou Ghaly, CEO, Abou Ghaly Motors
Mohamed Abou Ghaly learned the business in Detroit, the birthplace of the automotive industry, before joining Abou Ghaly Motors in 1994. As CEO, he has since led the business (founded by his father Maher Abou Ghaly in 1980) to become a self-styled provider of mobility solutions. While continuing to distribute brands that include Jeep, Chrysler, Subaru, KTM […]
Posted inTHE MACRO PICTURE
Emerging markets banking on a ‘Goldilocks’ US economy
Emerging markets banking on a ‘Goldilocks’ US economy: The good times will keep on rolling for emerging markets as long as the US economy remains in a ‘Goldilocks’ state, former Mideast hand Robin Wigglesworth writes in the Financial Times. A ‘Goldilocks economy’ refers to an economy that is neither booming or slowing down, but growing […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 12 March 2019
There was more gas-related banter in the foreign press yesterday: Egypt’s new gas fortunes could help boost our geopolitical standing by allowing us “to strengthen economic ties with Israel and Jordan while becoming an indispensable partner to Europe,” Clifford Krauss and Declan Walsh write for the New York Times. Recent agreements have “the potential to […]
Posted inON THE FRONT PAGES
El Sisi talks railway development with new transport minister
President Abdel Fattah El Sisi’s meeting with newly-appointed Transport Minister Kamel El Wazir to discuss efforts to develop railway infrastructure topped the front pages of all three state-owned newspapers this morning (Al Ahram | Al Gomhuria | Al Akhbar).
Posted inWorth watching
Self-correcting metropolises by 2050?
Self-correcting metropolises by 2050? Researchers are attempting to create cities that can heal themselves in the same way living organisms do by 2050, according to FT Rethink (watch, runtime: 2:33). A breakthrough by a microbiologist at Delft University and expert on self-healing bio-concrete, Hendrik Jonkers, has unveiled a special type of bacteria able to lay […]
Posted inDiplomacy + Foreign Trade
Japanese business delegation continues its Egypt tour, meets Investment Minister Sahar Nasr
The Japanese business delegation currently in town met Investment and International Cooperation Minister Sahar Nasr yesterday, the ministry said in a statement. The delegation took a tour of the new investors services center in the new administrative capital. Members of the delegation said they are interested in increasing their investments in Egypt, but did not […]
Posted inEnergy
Lekela, NREA sign land agreement for USD 325 mn, 250 MW Suez wind farm
Actis-backed Lekela Power has signed a land usufruct agreement with the New and Renewable Energy Authority (NREA) for its USD 325 mn, 250 MW wind farm in the Gulf of Suez, according to a cabinet statement. Lekela will pay the NREA 2% of the power produced annually for its right to use the land, NREA […]