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** #5 President Abdel Fattah El Sisi received yesterday the diplomatic credentials of 21 new ambassadors to Egypt, according to an Ittihadiya statement. Among those presenting credentials: Afghanistan – Mohammed Mohheq Benin – Orou Sego Brunei – Pengiran Haji Mustapha Denmark – Tomas Christensen Dominican Republic – Aquiles Ledesma Ethiopia – Aznaw Abreha India – […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egyptian cabinet signs off on foreign funding for Sinai infrastructure projects
Cabinet signs off on Kuwaiti funding for infrastructure projects on mainland and in Sinai: The cabinet economic group signed off on Monday on an additional KWD 25 mn (c.USD 82 mn) loan from the Kuwait Fund for Arab Economic Development (KFAED) to continue the construction of a sewage treatment facility in Sharqia, it said in […]
Posted inDiplomacy + Foreign Trade
El Sisi meets with Lebanese foreign minister to talk energy, trade cooperation with Egypt
President Abdel Fattah El Sisi met yesterday with Lebanese Foreign and Emigrants Minister Gebran Bassil to discuss energy and trade cooperation, as well as political developments in Lebanon, according to an Ittihadiya statement.
Posted inDiplomacy + Foreign Trade
Egyptian delegation in Gaza to resume peace brokering efforts
A high-profile Egyptian delegation arrived in Gaza yesterday for another round of talks with Hamas political leader Ismail Haneya on a truce with rival Palestinian faction Fatah that could pave the way to lift the blockade of Gaza, according to Xinhua. Egyptian Intelligence Chief Abbas Kamel is expected to pay a visit to the Gaza […]
Posted inEnergy
EETC, Elsewedy sign agreement for EGP 362.4 mn-worth of power transformers
The Egyptian Electricity Transmission Company (EETC) signed a EGP 362.4 mn equipment purchase and installation agreement with Elsewedy Electric for 52 units of 40 MVA power transformers, EETC chairman Gamal Abdel Raheem said. The transformers will be used for transmission stations in Cairo, Alexandria, the Delta region, the Canal governorates, Upper Egypt, and other governorates […]
Posted inEnergy
Egypt’s Enppi and Petrojet complete 60% of Jordan natgas network expansion
State energy companies Enppi and Petrojet have completed 60% of a project to expand the natural gas network in Jordan, Oil Minister Tarek El Molla said, according to Ahram Online. The two companies are expected to inaugurate the project in October 2019. We had previously noted that Enppi and EGAS are building a 17 km […]
Posted inInfrastructure
US-based Fluence Corporation to build three desalination plants for USD 7.6 mn
The Housing Ministry signed a contract with the US-based Fluence Corporation to build three seawater desalination plants at a total cost of USD 7.6 mn, Afrik21 reports. The plants — which are expected to service new urban development projects in the north of Egypt — will be equipped with Fluence’s Nirobox SW - XL water […]
Posted inManufacturing
IDA extends deadline for industrial registration to 31 December
The Industrial Development Authority (IDA) decided yesterday to give factories in industrial zones a penalty-free extension until 31 December to get their permits and industrial registration paperwork in order. The extension applies to both idle and working factories and grants the latter an exemption from having to submit proof of intent when applying for permits.
Posted inHealth + Education
BICC to open international school branch in new capital
The British International College of Cairo is planning to open a branch in the new administrative capital, CEO Ahmed Samir tells Al Mal. BICC will break ground on the new campus soon and is expecting to complete it in three years’ time at a cost of EGP 350 mn.
Posted inReal Estate + Housing
Local developers to work alongside CSCEC in new capital business district
Three local companies — Redcon Construction, El Nasr General Contracting, and Dorra Real Estate Development Group — are close to inking contracts with China State Construction Engineering Company (CSCEC) to develop parts of the new administrative capital’s business district, a source from one of the companies said, according to Amwal Al Ghad. Other local companies […]