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Economic measures need more good publicity: The government needs to be more transparent about its economic reform measures in order to navigate safely out of the current transformative phase, Mahmoud El Alaily writes in Al Masry Al Youm. He argues that people need to be better informed about the different decisions and measures that are […]
Author Archives: enterpriseam admin
Posted inWorth watching
Confused by all this talk about the “EM zombie apocalypse”?
** #10 The EM Zombie Apocalypse for Dummies: The emerging markets sell-off has spooked investors as some currencies take a nosedive, but understanding what’s happening is not all that difficult if you follow the historical pattern, the Financial Times’ Martin Sandbu says. We’ve seen this happen before: Recessions in developed countries lead to expansionary policies […]
Posted inDiplomacy + Foreign Trade
Egypt and the EU sign EUR 135 mn in SME financing, migration agreements
Egypt and the EU sign EUR 135 mn in SME financing, migration agreements: Investment and International Cooperation Minister Sahar Nasr signed EUR 135 mn in funding agreements with Director-General for EU Neighborhood Policy and Enlargement Negotiations Christian Danielsson on Thursday, a ministry statement said. The agreement will see the EU provide EUR 75 mn for […]
Posted inDiplomacy + Foreign Trade
UNIDO to launch EUR 2 mn project to improve Egyptian tomato quality
UNIDO to launch EUR 2 mn project to improve Egyptian tomato quality: UNIDO will be launching a EUR 2 mn, three-year project in January to improve the quality of Egyptian tomatoes and develop the crop’s value chain, UNIDO Egypt Director Giovanna Ceglie told MENA. The project, which UNIDO will implement with the agriculture and trade […]
Posted inDiplomacy + Foreign Trade
El Sisi, Al Bashir to meet in Sudan this week
El Sisi, Al Bashir to meet in Sudan this week: President Abdel Fattah El Sisi is visiting Khartoum this Thursday to meet with Sudanese President Omar Al Bashir, Sudan’s ambassador to Cairo Abdel Mahmoud Abdel Halim said, according to Sudan Tribune. The two countries are expected to sign a number of agreements in fields including […]
Posted inEnergy
Electricity Ministry, Elsewedy to cancel four-year-old wind contract
The Electricity Ministry and Elsewedy Electricity agreed to cancel a four-year-old contract to build six wind power plants producing 600 MW and sell power to consumers under an Independent Power Producer (IPP) framework, Elsewedy said in a bourse statement (pdf). The company had won a 2012 tender to develop the plants, signing the contracts for […]
Posted inEnergy
Phase one of seismic mapping of Red Sea completed
The first phase of the seismic mapping of energy and mineral resources in the Red Sea — a precursor step to tendering exploration concessions there — has been completed, Oil Minister Tarek El Molla said on Thursday, according to Al Shorouk. Tendering concessions there to the private sector is one of the ministry’s key agenda […]
Posted inEnergy
Production begins at Rashid Petroleum Company’s West Nile Delta field 9B well
Shell-EGPC JV Rashid Petroleum Company has begun production from its oil well at the West Nile Delta field 9B, Chairman Sabry El Sharkawy said. The well’s initial output is estimated at 20 mcf/d and the entire project is set to come online by 2H2019, producing up to 400 mcf/d according to an Oil Ministry statement.
Posted inInfrastructure
Suez Canal Authority drops fees on port of East Port Said
The Suez Canal Authorityreduced transit and mooring fees on cargo ships docking and transiting through the port of East Port Said, in a bid to draw more shipping to the port. Ocean Alliance — which includes CMA CGM Group, APL, Evergreen, and China’s COSCO Shipping — had decided to suspend operations at East Port Said […]
Posted inInfrastructure
EgyptAir, KMK, SPH sign agreement to develop cargo zone in Cairo Int’l Airport
EgyptAir has signed an agreement with UAE-based KMK Investment and US-based Safe Ports Holding (SPH) to establish a cargo logistics zone at Cairo International Airport, company Chairman Ahmed Adel said. KMK will complete and run the project in partnership with SPH, who will also provide insurance services. There was no mention of the project’s expected […]