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Author Archives: enterpriseam admin
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inUp Next
What we’re tracking this week and beyond
We have yet to hear from NI Capital on the selection of a manager for Alexandria Containers & Cargo Handling’s stake sale, which the state-owned investment bank was expected to announce by the second week of October. An IMF delegation is due in town mid-October for a review of Egypt’s progress on its reform program […]
Posted inImage of the Day
Egypt starts restoration work for historical al-Zahir Baybars mosque
Egypt has once again started restoration work on Cairo’s 13th century al-Zahir Baybars mosque almost eight years after work ground to a halt when funding dried up after the 25 January 2011 uprising, according to an Antiquities Ministry statement. The mosque, built by the Mamluk Sultan Al-Zahir Baybars in 1268, will be open to the […]
Posted inEGYPT IN THE NEWS
Quiet morning for Egypt in int’l headlines
It was another pleasantly quiet morning for Egypt in the foreign press, with the suspected killing of Saudi journalist Jamal Khashoggi in Turkey overshadowing most other news in the region. A couple of brief headlines worth noting: Egypt canceled a planned visit to Gaza to mediate reconciliation talks between rival Palestinian factions on Wednesday amid […]
Posted inWorth watching
Egypt initiative keeps historic and iconic characters alive
A government initiative is keeping the memory of iconic figures alive by placing placards on buildings where they once lived with information about their lives, Reuters reports. Using a phone application, a matrix barcode can be scanned to bring up information on the figures’ achievements and careers is also available for download. Launched last month, […]
Posted inDiplomacy + Foreign Trade
EIB approves EUR 214 mn loan for Kitchener Drain depollution
The European Investment bank (EIB) approved a EUR 214 mn loan for Egypt’s Kitchener Drain depollution project, according to an Investment Ministry statement (pdf). The loan brings up the total financing pledged for the project to EUR 400 mn, with EUR 148 mn approved by the European Bank for Reconstruction and Development earlier this year […]
Posted inEnergy
China’s United Energy to raise investments in Egypt
China’s United Energy Group is planning to make new investments in Egypt’s energy sector, company representatives told Oil Minister Tarek El Molla at a meeting on Wednesday, Youm7 reports. The meeting was one of several El Molla had with IOCs, including Kuwait Energy. The size of these potential investments was not disclosed.
Posted inEnergy
EGAS agrees to purchase gas from Eni’s Faramid at USD 2.6/MMBtu
The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni’s Faramid South asset at USD 2.6/MMBtu, sources from EGAS said. The well, which is in Eni’s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of […]
Posted inEnergy
BP to produce 60 mcf/d of natgas from Katameya well in 2020
BP will begin producing 60 mcf/d of natural gas from its Katameya Shallow-1 exploration well in the North Damietta East Delta marine concession by 2020, a source from the industry told Youm7. Early works on the well are due to begin soon as BP had promised in April to begin production by no later than […]