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The Autotech auto exhibition starts this Friday, 14 December, at the Cairo International Exhibition and Convention Center. The Planning Ministry will present its 2017-2018 end-of-year report (pdf) next Tuesday, 18 December, at the Sonesta Cairo Hotel. The Federation of Egyptian Chambers of Commerce is scheduled to meet with its Saudi counterpart in Aswan next Tuesday […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Human rights again dominate the conversation on Egypt in the international press
The nation’s human rights record is again leading the conversation on Egypt in the international press. Activist and blogger Wael Abbas was released from prison on Tuesday following his detention last May, the Associated Press reported. Abbas was charged with spreading false news and being connected to an illegal group. The AP story is getting […]
Posted inON THE FRONT PAGES
El Sisi reaffirms his commitment to Egypt’s reform program and “building the state”
President Abdel Fattah El Sisi’s reaffirmation of his commitment to reforms and “building the state” is topping headlines this morning in Al Ahram, Al Akhbar, and Al Gomhuria. Al Ahram also continues to shine a bright light on Egypt’s diplomacy with Africa, featuring El Sisi’s sit-down yesterday with Côte d’Ivoire’s Vice President, Daniel Kablan Duncan, […]
Posted inWorth watching
The Champions: 800 of the world’s top footballers and their managers under one roof
Ever wonder what would go down if 800 of the world’s top footballers and their managers had their own reality show on E? According to “The Champions” — a hilarious animated parody of the Keeping up with the Kardashians, Real Housewives and the Real World, by Bleacher report — “players stop being polite and start […]
Posted inDiplomacy + Foreign Trade
El Sisi talks economic developments with top investment funds
President Abdel Fattah El Sisi and CBE Governor Tarek Amer met with representatives of international and regional investment funds to discuss economic developments and potential investments, according to an Ittihadiya statement. Investment and International Cooperation Minister Sahar Nasr and Finance Minister Mohamed Maait also sat in on the meetings. The statement did not name the […]
Posted inDiplomacy + Foreign Trade
CIT Minister discusses long-term strategic partnership with China’s ZTE
Major Chinese companies meet with ministers over potential investments: CIT Minister Amr Talaat discussed yesterday potential cooperation projects with China’s ZTE, at a meeting with the company’s MENA CEO Darine Choo, according to a ministry statement. The two discussed infrastructure development in cooperation with Telecom Egypt. Meanwhile, Transportation Minister Hisham Arafat met with representatives from […]
Posted inEnergy
EBRD looking into financing electric vehicle charging stations in Egypt
The European Bank for Reconstruction and Development (EBRD) is in talks with the Electricity Ministry over potentially financing electric vehicle charging stations in Egypt, Managing Director for the Southern and Eastern Mediterranean Janet Heckman said. The EBRD had issued in September a tender for consultants to advise on Egypt’s electric vehicle strategy, and is planning […]
Posted inBasic Materials + Commodities
Egypt buys 130k tonnes of rice in largest import to date
Egypt will receive a shipment of 130,000 tonnes of rice in January 2019 — the largest rice import to date, Federation of Egyptian Industries’ Rice Division Head Ragab Shehata tells Al Shorouk. Egypt will source 50,000 tonnes from a Chinese supplier and the remaining from other countries, according to Shehata, who predicted a drop in […]
Posted inBasic Materials + Commodities
Egypt’s GASC purchases 180k tonnes after receiving wheat offers
State grain buyer GASC purchased yesterday 180,000 tonnes of wheat in an international tender on Wednesday for delivery between 1 and 10 February, according to AMAY. GASC purchased 60,000 tonnes of Romanian wheat and 120,000 tonnes of Russian wheat, with the lowest price offered by ADM for USD 241.26 per tonne of Romanian wheat, according […]
Posted inReal Estate + Housing
ODE inks final agreement with NUCA to co-develop 4.2 mn sqm in Six October City, expected to generate EGP 77 bn
Orascom Development (ODE) has signed a contract with the New Urban Communities Authority (NUCA) to co-develop a 4.2 mn sqm project in 6 October City, ODE said in a press release (pdf). The project is based on a revenue sharing model, through which NUCA is to retain 26% of the total residential sales during the […]