The Zohr field produced 12.2 bcm of natural gas in 2018, Russian energy giant Rosneft said on Thursday. The company, which holds a 30% stake in the Shorouk concession, reported that production in 2H2018 totaled 9.1 bcm, an almost three-fold increase from the 3.1 bcm produced in 1H2018. Field operator Eni expects output to continue […]
Author Archives: enterpriseam admin
El Sisi ratifies USD 7 bn RIZ agreement with Russia
El Sisi ratifies agreement with Moscow to build the RIZ: President Abdel Fattah El Sisi has ratified a 50-year agreement with Russia to establish the USD 7 bn Russian Industrial Zone, according to a copy of the decree published in the Official Gazette. Signed in Moscow in May last year, the agreement grants Russian companies […]
Prosecutor-general refers 26 officials to court on corruption charges
JUSTICE WATCH- 26 state officials face corruption charges for their alleged involvement in the “seizure” of public funds worth an estimated EGP 67 mn, reports Ahram Online. Separately, the Public Prosecutor’s Office ordered the detention of three state officials for 15 days pending investigations into charges of graft worth EGP 500 mn, according to Ahram […]
File of policeman charged with murder transferred to Mufti for death sentence
JUSTICE WATCH- Cop accused of murdering Copts faces death penalty: A criminal court has transferred the case file of a policeman charged with murdering a Coptic man and his son to the Grand Mufti to approve a death sentence, Reuters Arabic service reports.
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What we’re tracking this week and beyond
National waste management program kicks off in April: The EUR 250 mn first phase of the government’s national municipal waste management program is scheduled to kick off in April, Amwal Al Ghad reports. The program aims to set the standards for and raise awareness on the safe disposal of waste. Egypt-Sudan electricity linkage trials delayed […]
King Tut’s tomb gets facelift in 10-year restoration
King Tutankhamun's tomb has just undergone the most extensive restoration since its famed discovery in Luxor’s Valley of the Kings nearly a century ago. The Los Angeles-based Getty Conservation Institute, which completed the work, spent close to 10 years to see the process to completion amid delays caused by the January revolution (watch a video […]
Unveiling of ancient burial site in Egypt’s Minya tops foreign press coverage
Topping coverage of Egypt this morning is the unveiling of an ancient Ptolemaic era burial site in Minya housing 50 mummies, as reported by Reuters and The Telegraph, among others. The story is picking up steam in the foreign press as the BBC looks at the role women explorers played in Britain’s fascination with Egyptian […]
Supreme Constitutional Court Abolishes Government’s power to disband NGOs
Supreme Constitutional Court abolishes government’s power to disband NGOs: The Supreme Constitutional Court issued a ruling on Saturday deeming a law that allowed the Social Solidarity Ministry to dissolve NGOs as unconstitutional, Anadolu News Agency reported. The decision, which is final and cannot be appealed, also ruled that the administrative authority can only intervene in […]
Egypt’s engagement with Africa returns to the forefront of state-owned dailies
Egypt’s engagement with Africa ahead of assuming the African Union presidency later this month is once again at the forefront of the country’s three main state-owned dailies (Al Ahram | Al Gomhuria | Al Akhbar).