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The British occupation and the roots of Egypt’s 1919 Revolution: The impact of the British occupation of Egypt in 1881 not only sowed the seeds of the country’s 1919 revolution, but set in motion a pattern of inequality and wealth concentration that continued long after the British had been driven out, Sherine Abdel-Razek writes for […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
World Bank reviewing its strategy with Egypt
The World Bank is currently reviewing and renewing its strategy with Egypt, a process that should be completed in the next few months, newly-appointed Country Director for Egypt, Yemen and Djibouti Marina Wes told Egypt Today. This comes as the World Bank is reviewing its strategy for the wider Middle East and North Africa region. […]
Posted inDiplomacy + Foreign Trade
Chad and Egypt plan to enhance investment cooperation
Chad and Egypt have agreed to enhance investment cooperation across various sectors, including infrastructure, health, education and agricultural development, according to an Investment Ministry statement. The agreement came amid a visit by an Egyptian delegation to the African country over the weekend.
Posted inDiplomacy + Foreign Trade
Egypt’s Sohag, USAID inaugurate development projects
USAID has inaugurated two development projects in Sohag, one to provide sanitation to over 23,000 Salamoun village residents and another to provide vocational training to local university students, according to an emailed press statement. Vocational training will be provided in a newly-built career center at Sohag University, which is one of 20 planned as part […]
Posted inEnergy
DEA signs Red Sea concession extension agreement with EGPC
German energy company DEA signed a five-year extension agreement with the Egyptian General Petroleum Corporation (EGPC) for its concessions in the Ras Budran and Zeit Bay oil fields, the company said in a statement. The agreement also includes an option to further extend DEA’s concessions until 2027. DEA will invest a minimum of USD 20 […]
Posted inEnergy
Egypt oil and gas production reaches record 1.8 mn boe/d
Domestic oil and gas production reached a record 1.8 mn boe/d in February, Oil Minister Tarek El Molla told President Abdel Fattah El Sisi and PM Moustafa Madbouly during a meeting, according to an Ittihadiya statement.
Posted inEnergy
Trial operations for Egypt-Sudan power linkage project waiting on new gov’t in Khartoum
The Egyptian Electricity Transmission Company (EETC) has completed the construction works for the USD 60-70 mn electricity interconnection project between Cairo and Khartoum, and trial operations on the project are now waiting on the formation of a new government in Sudan, according to unnamed Electricity Ministry sources. Once the new government is formed, the two […]
Posted inEnergy
ADES Holding, Vantage sign Egypt drilling service contract with Dana Gas
Dana Gas has signed an exploration agreement with ADES International Holding and Vantage Drilling International JV, ADVantage, to perform deep water drilling services for one well in the Mediterranean Sea, Offshore Magazine reports.
Posted inInfrastructure
Polaris Parks to deliver first phase of Bosla SMEs complex in April
Industrial developer Polaris Parks is planning to deliver the EGP 450 mn first phase of Bosla SME’s industrial complex west of Cairo to investors in April, local press reported. The company will begin working in the second phase in 2H2019.
Posted inBasic Materials + Commodities
Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin
The Central Bank of Egypt has excluded rice, beans and lentils from the 100% cash margin requirement imposed on most imports, according to a statement (pdf). This exempts the three crops from a decision (pdf) taken in 2015 requiring importers to fully cover import letters of credit (LC) at commercial banks at the time of […]