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Author Archives: enterpriseam admin
Posted inUp Next
What we’re tracking this week and beyond
An administrative court will hear on Saturday Beltone Financial’s appeal against a six-month suspension handed to its investment banking arm by the Financial Regulatory Authority. The FRA last month rejected Beltone’s appeal of the decision. A government committee mandated with defining Egypt’s informal economy is set to meet for the first time this month, state […]
Posted inEGYPT IN THE NEWS
Egypt hopes GEM bodes well for tourism
Coverage of Egypt in the international press has been muted since Christmas Day, with the most significant coverage being accorded to an IED attack on a bus near the Pyramids carrying Vietnamese tourists that killed four. Coverage of the attack quickly faded, but it overshadowed a Financial Times feature by Heba Saleh on the Grand […]
Posted inON THE FRONT PAGES
El Sisi’s cooperation talks with Trump and Egypt’s state budget top headlines this morning
For the first time in weeks, the front pages of Egypt three main state-owned newspapers are not running identical stories. Al Ahram’s top story this morning is President Abdel Fattah El Sisi’s phone call with US President Donald Trump yesterday, while Al Akhbar and Al Gomhuria are running with Prime Minister Moustafa Madbouly’s meeting with […]
Posted inDiplomacy + Foreign Trade
El Sisi, Trump talk politics, diplomacy, security
El Sisi, Trump talk politics, diplomacy, security: President Abdel Fattah El Sisi and US President Donald Trump discussed in a phone call yesterday regional developments and Egypt’s efforts to fight terrorism, Ittihadiya said in a statement.
Posted inEnergy
Egypt pays Dana Gas USD 35 mn in arrears
Egypt paid UAE’s Dana Gas USD 35 mn in arrears on Saturday, bringing total receipts to USD 199 mn, according to a company press release. Dana Gas also received an additional USD 9.3 mn from condensate sales. The payments have brought arrears owed to the company to their “lowest since 2011, though the Company is […]
Posted inEnergy
JinkoSolar, Schneider donate 55kW off-grid solar power project to Sinai town
JinkoSolar and Schneider have completed a 55kW off-grid solar power project in Sinai to provide 35 families with electricity, according to a company statement. Before the project, the families of Abu Ghuraqd village used diesel generators, which gave them access to power only 8 hours per day and caused both noise and air pollution.
Posted inEnergy
Egypt to complete in March refined oil storage facilities in partnership with Aramco
The Oil Ministry will complete in March new mazut and diesel fuel storage facilities in Sidi Kerir with the help of Saudi’s Aramco, Minister Tarek El Molla said, without providing further details. The construction of the facilities will mark the first time for Egypt to store refined crude belonging to companies that are not owned […]
Posted inBasic Materials + Commodities
Egypt, China’s New Hope sign agreement to build USD 20 mn poultry farm
The General Authority for Reconstruction Projects and Agricultural Development has signed an agreement with China’s New Hope to set up a USD 20 mn poultry farm along the Wadi El Natroun-Alamein road, said Beheira Governor Hesham Amena.
Posted inManufacturing
Orascom Construction to build concrete factory in New Alamein
The New Urban Communities Authority (NUCA) has granted 50k square meters to Orascom Construction to establish a factory for concrete products in New Alamein, according to local news. The cost of the three-year project has not been disclosed.