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With only about 10 weeks left until Brexit, the UK has to make some tough decisions to end a political crisis unlike any other the country has ever experienced. The UK, in recent decades known for making sensible decisions, has always had a functioning democracy through which people would elect representatives to make decisions on […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egyptian officials visit Germany to discuss waste recycling
A ministerial delegation is currently in Germany to discuss ways of improving the country’s waste recycling facilities, Ahram Online reports. The delegation, which includes Local Development Minister Mahmoud Shaarawy and Environment Minister Yasmine Fouad, will meet German officials to study cutting-edge waste recycling technologies.
Posted inDiplomacy + Foreign Trade
GBP 3 mn invested into Egyptian cultural heritage projects
The UK’s Cultural Protection Fund is providing GBP 3 mn for six Egyptian cultural heritage projects across the country, which gather international experts from world renowned universities, foundations and international bodies, according to a statement. The fund, delivered in partnership with the British Council, brought together a delegation of experts in Cairo last week, to […]
Posted inEnergy
Agiba Petroleum drills two new wells
Agiba Petroleum has drilled two new wells with an initial production capacity of 7,500 bbl/d, company head Mohamed Al Kaffas said in a press statement, without disclosing their location. Al Kaffas also said that production at the Ashrafi field in the Gulf of Suez has been increased to 3,500 bbl/d, from 2,200 bbl/d.
Posted inEnergy
JW Marriott becomes Egypt’s first solar-powered hotel
Cairo’s JW Marriott had 150 MW-worth of solar panels installed on its roof, making it the country’s first solar-powered facility in the hospitality sector, according to a statement by the United Nations Information Centre in Cairo. The project was funded by Global Environment Facility (GEF), and is part of the UNDP, GEF, and Trade Ministry’s […]
Posted inEnergy
Egypt studying improving 80 octane gasoline in 2H2019
The Oil Ministry expects to complete in 2H2019 a study to swap out 80-octane fuel to 87-octane grade, a ministry official tells Al Mal. No further details were provided on the study, which comes as part of a wider national strategy to upgrade refineries nationwide to improve the quality of locally produced fuel. State-owned Assiut […]
Posted inInfrastructure
EETC signs agreements for EGP 317 mn-worth of industrial cables
The Egyptian Electricity Transmission Company (EETC) signed a purchase and installation contract for EGP 295 mn-worth of industrial power cables with Elsewedy Electric subsidiary EgyTech Cables, EETC's newly appointed chairman Sabah Mashaly said. The cables will be used to connect two substations in East Cairo. The state-owned company also signed a separate EGP 22 mn […]
Posted inBasic Materials + Commodities
HyperOne, Seoudi, and Carrefour win tenders for new retail complexes
Supermarket chains HyperOne, Seoudi, and Carrefour won tenders issued by the Supply Ministry to develop 7 retail complexes in Cairo, Alexandria, Giza, and Qena, reports Al Mal. The three companies beat out Metro, Kheir Zaman, and Lulu Market, with contracts expected to be signed in February or March of this year.
Posted inManufacturing
Chinese investors to build EGP 100 mn fodder factory in Egypt’s Luxor this year
Unnamed Chinese investors are planning to invest EGP 100 mn this year in a new animal fodder production facility in Luxor, director of the governorate’s investment authority Nora Ahmed said. The investors are due to submit a financial feasibility study to the governorate in 45 days. Governor Mohamed Badr had met with the investors earlier […]
Posted inTourism
Seti First to renovate and establish floating hotels in Luxor, Aswan, Abu Simbel
Seti First Travel is investing as much as EGP 132 mn in setting up and renovating four floating hotels, Chairman Magdy Henein told reporters, according to Al Shorouk. The investments will cover the renovation of two hotels, one between Cairo and Aswan and the other between Aswan and Luxor, at EGP 16 min apiece, in […]