Gov’t unveils new incentives for renewable power industry: The report from IRENA came just one day after the Egyptian Electricity Utility and Consumer Protection Agency (Egyptera) unveiled new incentives for the renewable energy industry, Al Mal reports. In addition to being given priority in connecting to the national grid, renewable energy companies will also be […]
Author Archives: enterpriseam admin
Sony Mobile appoints Sherif Salem as its country head for Egypt
MOVES- Sony Mobile appointed in March Sherif Salem (LinkedIn) as its country head for Egypt, reports Al Mal. The former head of regional sales for the Lenovo-owned Motorola Mobility has over 16 years of sales and marketing experience.
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What we’re tracking this week and beyond
Sphinx International Airport in Giza is slated for inauguration “in the coming weeks,” according to Youm7. Flights had initially been expected to begin landing at the new airport by the summer of 2018. An IMF delegation is due in town mid-October for a review of Egypt’s progress on its reform program ahead of the disbursal […]
Egypt in the News on 10 October 2018
How slow a news day is it? Bad enough that we’re reduced to picking up a piece that states the obvious to anyone who has read Enterprise over the past four years: Egypt is diversifying its sources of military hardware to include Russia and France and ensure it is not overly dependent on the US, […]
More Egypt in the News on 10 October 2018
Other headlines worth noting in brief: The 4000-year old tomb of Ancient Egyptian priest Kaires, was found in the Abusir necropolis, says Fox News. Egypt is looking at a bright future thanks to a handful of promising projects across various sectors, a bullish economic reform program and newly discovered natural gas fields, Linda S. Heard […]
World's first Angus calf genetically engineered to withstand high temperatures
World's first Angus calf genetically engineered to withstand high temperatures: Minnesota-based biotech company Recombinetics genetically engineered an Angus cow in Brazil to allow it to withstand the country's high summer temperatures. In the South American country, where demand for US-produced Angus beef is high, meat quality is affected during warmer weather, when the thick-skinned cows […]
Nasr looks to lock in USD 1.5 bn World Bank loan for Sinai, social housing
Nasr looks to lock in USD 1.5 bn World Bank loan for Sinai, social housing by year’s end: Investment and International Cooperation Minister Sahar Nasr will meet with World Bank officials on the sidelines of the IMF and WB fall meetings this week to finalize agreements that will see the bank provide loans worth a […]
SCA rejects Qingdao Port offer to build container terminal in Sokhna
The Suez Canal Authority (SCA) has officially rejected an offer from China’s Qingdao Port to build a new container terminal at Ain Sokhna Port due to ongoing expansion plans being carried out by the UAE’s DP World at the same port, Al Mal reported. The SCA turned down the offer after more than two years […]