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Is there a “destabilizing rift” between the Saudi king and crown prince? Rumors are circulating of a rift between King Salman bin Abdulaziz Al Saud and his volatile, reformist son Mohammed bin Salman (MbS), which reportedly started after the murder of journalist Jamal Khashoggi and then escalated dramatically during the king’s visit to Egypt in […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Inaugural meeting of the East Med seven took place yesterday
Inaugural meeting of the East Med seven took place yesterday: Representatives from the seven East Mediterranean countries held the inaugural meeting to form a regional gas market in Cairo on Wednesday, according to an Oil Ministry statement. The meeting, which included representatives from Egypt, Israel, Cyprus, Greece, Italy, Jordan, and Palestine, looked at the initial […]
Posted inDiplomacy + Foreign Trade
Egypt criticizes “inaccurate” UN report on housing rights
Egypt criticizes “inaccurate” UN report on housing rights: A UN report on housing rights presented on Monday, with a special focus on findings in Egypt, has been heavily criticized and deemed “inaccurate” by the Egyptian Permanent Representative Ambassador at the UN in Geneva, Alaa Youssef, according to Ahram Gate. The report, issued by UN Special […]
Posted inDiplomacy + Foreign Trade
Egypt, Somalia foreign ministers discuss security
Foreign Minister Sameh Shoukry met with his Somalian counterpart Ahmed Eissa Awad in Cairo on Tuesday to discuss bilateral economic relations as well as security, with emphasis on boosting counter-terrorism efforts, reports Egypt Today.
Posted inEnergy
FinMin mulling issuing letter of guarantee for Hamrawein coal plant
The Finance Ministry is set to meet next month with the China Development Bank (CDB) to discuss the latter’s offer to finance the USD 4.4 bn, 6 GW Hamrawein “clean coal” power plant ahead of issuing a letter of guarantee for the project, according to unnamed government sources. CDB is reportedly offering USD 3.7 bn […]
Posted inEnergy
Egyptian Electricity Transmission signs EGP 590 mn contracts
The Egyptian Electricity Transmission Co. (EETC) has signed two contracts worth EGP 590 mn to overhaul overhead electricity lines north of Cairo,local press reported. One contract was signed with Energya Power & Telecom Solutions and Energya Cables worth EGP 295 mn. The second contract was signed with the Egyptian Chinese Company for ultra high voltage […]
Posted inEnergy
Egypt to offer three oil & gas exploration bid rounds this year
Egypt is planning to offer three oil & gas exploration bid rounds this year, Energy Minister Tarek El Molla told local press. EGAS will offer a bid round in the Mediterranean and EGPC will offer two bid rounds in the Western Desert, the Red Sea, and the Eastern Desert.
Posted inInfrastructure
Aqua Swiss to take part in desalination projects in Egypt
Military Productions Minister Mohamed Al Assar signed an MoU with Swiss desalination company Aqua Swiss, which would see the latter cooperate on the development of desalination plants across the country, according to a Cabinet statement. The statement implies that Aqua Swiss will be consulting on several of the ministry's desalination projects.
Posted inBasic Materials + Commodities
Government sets local wheat purchasing prices and procurement targets
The Supply Ministry announced the local wheat purchasing prices for this year ranging from EGP 655 per ardeb of purity 22.5 to EGP 685 per ardeb of purity 23.5, Supply Minister Ali El Moselhy said at a presser, according to Al Masry Al Youm The minister added that Egypt expects to procure 3.6 mn tonnes […]
Posted inTourism
EgyptAir to run Cairo-Washington DC direct flights, starting June
EgyptAir will start running three weekly non-stop flights between Cairo and Washington DC from June 3, Ahram Online reports. The airline will use its newest fleet of Dreamliner B787-9 aircraft.