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An Egyptian security delegation has reportedly presented Hamas officials with new proposed measures for reconciliation with Fatah during a meeting in Gaza on Saturday, the London-based Al-Hayat reported yesterday. Among the suggestions was a public endorsement from Hamas for Palestinian President Mohamed Abbas ahead of the UN General Assembly meeting this week, which Hamas has […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
FBI chief visited Egypt last week to meet with “key international partners”
FBI Director Christopher Wray was in Egypt last week as part of a regional tour that also took him to Kuwait, Jordan, and Lebanon, according to a press statement by the FBI. Wray met with national security and law enforcement officials in each country to discuss bilateral security cooperation.
Posted inDiplomacy + Foreign Trade
Malaysian trade delegation visits Egypt to talk increasing trade
Malaysian trade delegation in town to talk increasing trade: A Malaysian trade delegation led by Deputy Minister of Primary Industries Shamsul Iskandar Md. Akin arrived in Cairo yesterday to meet with Egypt’s Supply Minister Ali Moselhy and other trade officials in an effort to promote bilateral trade, reports Al Mal. Malaysia is looking to increase […]
Posted inEnergy
Oil Ministry agrees with IOCs to expedite work on Zohr, 9B, North Alexandria fields
The Oil Ministry has reached an agreement with Eni, Shell, and BP to expedite their work on the Zohr, 9B, and North Alexandria fields and link them to the national grid ahead of schedule, an unnamed source tells Al Masdar. No further details were provided on when the companies expect to complete their work on […]
Posted inEnergy
Gov’t to finalize Ataqa power station agreement with Sinohydro in December
The Electricity Ministry is expected to sign in December the final contracts with China’s Sinohydro for the development of a USD 2.6 bn, 2.4 GW pumped-storage hydroelectricity power station in Ataqa, sources from the Hydro Power Plants Executive Authority tell Amwal Al Ghad. The power plant acquired the final environmental approvals earlier this month. Egypt […]
Posted inEnergy
Germany’s Voith to build EUR 30 mn 80 MW hydroelectric plants in Egypt
Voith Hydro, a subsidiary of Germany’s Voith GmbH & Co. KGaA, will build EUR 30 mn-worth of small scale hydroelectric plants with combined electricity generation capacities of up to 80 MW across Egypt’s Al Delta and Al Qanater, sources from the Hydro Power Plant Executive Authority said, according to Amwal Al Ghad. Voith Hydro is […]
Posted inInfrastructure
Civil Aviation Ministry establishes airport construction JV with private sector
Minister of Civil Aviation Younis El Masry approved on Saturday the establishment of a construction joint venture with a focus on airports and air travel, according to a ministry statement. The company will be 60% owned by the public sector and 40% held by private companies. Shareholders will include The Egyptian Airports Company and Cairo […]
Posted inInfrastructure
GAFI set to launch Minya textiles freezone before year’s end
The General Authority for Freezones and Investment (GAFI) is set to launch the Minya textiles freezone before year’s end, GAFI’s legal advisor to the CEO Amr Nour El Din told reporters yesterday, according to Al Mal. Investment Minister Sahar Nasr had announced last year plans to set up the freezone, which is ultimately aimed at […]
Posted inManufacturing
VGI breaks ground on second phase of EGP 2 bn waste recycling facility in Qena
US-based Vernbro Global Investment (VGI) has broken ground on the second phase of its EGP 2 bn agricultural waste recycling facility in Qena, Chairman Ashraf Dous told Amwal Al Ghad. The first phase of the factory, which VGI completed two months ago, extracts fibers from banana trees. The second phase, which is slated for completion […]
Posted inAutomotive + Transportation
NAT to sign Cairo Metro Line 3 management contracts with RATP end-October
The National Authority for Tunnels (NAT) will reportedly sign at the end of October the management contracts for Cairo Metro Line 3 with France’s RATP, sources close to the matter tell Al Mal. The contracts, which are currently being drafted, are expected to set the exact share of the state’s profits from the line and […]