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Egypt’s new ambassador to Israel, Khaled Azmi, was “greeted effusively in Arabic” by Israeli President Reuven Rivlin, the Jerusalem Post notes, explaining that Azmi presented his credentials to Israel’s head of state.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
El Sisi talks with Italy’s PM about Egypt-Italy relations and Libya efforts
The situation in Libya featured heavily in a call between President Abdel Fattah El Sisi and Italy’s Prime Minister Giuseppe Conte, according to an Ittihadiya statement. El Sisi reiterated Egypt’s view that a political resolution is the only way forward for Libya.
Posted inDiplomacy + Foreign Trade
GAFI VP meets China Development Bank director to discuss increasing Chinese investments in Egypt
GAFI VP meets China Development Bank to discuss increasing Chinese investments: General Authority for Investment and Free Zones (GAFI) Executive Vice President Mohamed Abdel Wahab met on Friday with the regional director of the China Development Bank (CDB) to discuss a potential agreement to increase Chinese investments in Egypt, as reported by Al Mal. The […]
Posted inEnergy
EGPC considering USD 750 mn loan from abroad
The Egyptian General Petroleum Company (EGPC) is considering borrowing USD 750 mn from abroad, Amwal Al Ghad reports. EGPC had tapped HSBC in July to arrange a USD 1 bn syndicated loan, which would partially be used to pre-pay EGPC cargo deliveries. No agreement was reached on the facility.
Posted inInfrastructure
Egypt’s SCZone signs agreement with Sesco trans to operate piers in canal
The Suez Canal Economic Zone (SCZone) has signed an agreement with port operator Sesco Trans to operate new piers in the canal zone area, SCZone Chairman Mohab Mamish said, without revealing details of the agreement. The SCZone is also in talks with shipping lines CMA and PSA to operate in the port of east Port […]
Posted inInfrastructure
Cairo Metro Line 3 management temporarily assigned to Egyptian Company for Metro Maintenance
The Transport Ministry has reportedly decided to temporarily assign the management contract of Cairo Metro Line 3 to the Egyptian Company for Metro Maintenance and Operation. Negotiations with France’s RATP over the management contract had halted, which prompted the National Authority for Tunnels (NAT) to make its temporary decision. If negotiations with RATP are not […]
Posted inHealth + Education
Second batch of educational tablets received by Education Ministry
Samsung has delivered the second batch of its educational tablets to the Education Ministry, Al Ahram reports. The company delivered last month the first batch of 250k tablets to the ministry, out of a total 1 mn tablets for USD 240 mn.
Posted inTourism
Romania preliminarily approves resuming flights to Egypt’s Red Sea destinations
Romania has agreed in principle to resume direct flights to and from Red Sea destinations following a four-year hiatus, Egyptian-Romanian Business Council vice chairman Amina Fahmy said, according to Youm7. The issue was a point of discussion with tourism companies at the Egyptian-Romanian Business Council meetings in Bucharest last month. Egypt was hoping for direct […]
Posted inEgypt Politics + Economics
Madbouly issues decree to form SME Development Authority’s BoD
Prime Minister Moustafa Madbouly issued a decision on Saturday outlining the regulations for the establishment of the SME Development Authority’s board of directors. The board will be mandated with developing and approving the authority’s policies, and will also cooperate and coordinate with independent regulatory bodies, such as the CBE and the Financial Regulatory Authority (FRA), […]
Posted inEgypt Politics + Economics
House Rep. withdraws draft law on niqab ban in Egypt after wide criticism
House Rep. Ghada Agamy has withdrawn a draft law to ban the niqab in the public sector workplace after the proposal was widely rejected within the House, according to Masrawy. Agamy pulled back from her decision on Thursday, saying she did not want to “create a rift in society.” She had proposed the idea last […]