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Egypt and Ireland consider direct flights, talk investment: A direct flight route between Egypt and Ireland was among the issues that an Egyptian parliamentary delegation discussed with Irish President Michael D. Higgins yesterday, Al Mal reports. The delegation, which was led by House Speaker Ali Abdel Aal, also discussed ways to boost economic cooperation.
Author Archives: enterpriseam admin
Posted inEnergy
EETC allows Infinity Solar to build 2 wind-powered stations under IPP framework
Infinity Solar will build two wind-powered stations with a combined capacity of 100 MW under an Independent Power Producer (IPP) framework agreed by the Egyptian Electricity Transmission Co (EETC), an official said. The company is currently in negotiations with potential clients it could sell power to after the two stations are completed. Details on the […]
Posted inEnergy
Zohr production output expected to reach 2.7 bcf/d target by July 2019
The Oil Ministry and Italy’s Eni agreed to expedite their timeline for the development of the Zohr gas field, aiming to bring the field’s production to 2.7 bcf/d by July 2019, rather than end-2019, a source from the Egyptian Natural Gas Holding Company told the local press. Production had broken the 2 bcf/d mark in […]
Posted inEnergy
Bulgaria wants in on Egypt’s natural gas exports
Bulgaria sees Egypt as a promising potential source market for natural gas, Bulgarian Prime Minister Boyko Borissov said during a meeting with President Abdel Fattah El Sisi yesterday, Egypt Today reports. According to the prime minister, Bulgaria also wants in on Egypt’s natural gas cooperation agreement with Greece and Cyprus, which will see the construction […]
Posted inEnergy
NREA to issue tender for 2500 MW wind farms soon
The New and Renewable Energy Authority (NREA) is looking to issue a tender soon for local and foreign companies to develop wind farms with a combined generation capacity of 2500 MW, an NREA source said, according to Amwal Al Ghad. The source did not specify the exact timeline of the tender, but added that NREA […]
Posted inBasic Materials + Commodities
Egypt Japan Steel Works could sell 50% stake
Privately-owned Egypt Japan Steel Works says it has four offers from institutions and funds looking to buy up as much as 50% of the company, Chairman Mokhtar Soltan tells Al Mal. The transaction, which would be executed in the form of a capital increase, should take place before the end of the year. The company […]
Posted inManufacturing
SIDPEC obtains license to use petrochem technology developed by WR Grace
Sidi Kerir Petrochemicals (SIDPEC) obtained a license to use a petrochemical production technology developed by American chemical company WR Grace for its new USD 1.2 bn polypropylene factory in Alexandria, according to petrochemical market information provider ICIS. No further details were provided. SIDPEC announced its construction of the new facility back in June.
Posted inManufacturing
Belarus’ Bobruisk Agromash wins ECARD supply contract
The Egyptian Company for Agriculture and Rural Development (ECARD) will buy USD 400k-worth of agricultural machinery from Agromash, Belarus’ BelTA reports. The news comes after the Belarusian manufacturer opened talks last month with Helwan Machinery and Equipment to explore a JV to produce agricultural equipment in Egypt.
Posted inAutomotive + Transportation
BDP International opens fourth branch in Egypt, in Port Said
US-based logistics services provider BDP International inaugurated a new office in Port Said, marking their fourth branch in Egypt, according to the American Journal of Transportation. The company presently operates two branches in Cairo and another in Alexandria.
Posted inLegislation + Policy
EBA prepares remarks on Customs Act to present to House of Representatives
The Egyptian Businessmen’s Association (EBA) is laying out its remarks and concerns on the Finance Ministry’s draft of a new Customs Act, Youm7 reports. The EBA plans to present these remarks to the House of Representatives once it convenes for its fourth legislative session next month. A primary concern the EBA has is that the […]