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Author Archives: enterpriseam admin
Posted inImage of the Day
Global warming threatens Gabal Elba protectorate
**#10 Global warming is taking a toll on biodiversity at Gabal Elba, a protectorate in Egypt’s Halayeb border area that is only accessible with permission from intelligence services, Jihad Abaza writes for The National. “Many plants are now incapable of surviving in their original locations, and fewer plants mean less plant-eating animals and eventually fewer […]
Posted inDiplomacy + Foreign Trade
Defense Minister Mohamed Zaki meets with India’s Defense Minister
Defense Minister Mohamed Zaki met yesterday with his Indian counterpart Nirmala Sitharaman to discuss Egypt-India military cooperation during the latter’s visit to Egypt over the weekend, according to a statement by the Indian Defense Ministry.
Posted inEnergy
Siemens to run Egypt’s 3 new massive power plants for 8 years
Egypt signs USD 352 mn management contract with Siemens for combined-cycle power plants: Egypt signed on Thursday a USD 352 mn, eight-year contract with Germany’s Siemens AG and its subsidiary Siemens Technologies to operate, maintain, and manage the three combined-cycle plants power plants in Beni Suef, Burullus, and the new administrative capital, Reuters reports, citing […]
Posted inEnergy
Amalie Oil Co and ACPA to explore partnership in Egypt
US motor oil and auto fluids manufacturer Amalie Oil Company signed an MoU with state-owned Alexandria Company for Petroleum Additives (ACPA) which would see them explore the possibility of partnering together on manufacturing or marketing motor oils, according to an oil ministry statement picked up by Al Mal.
Posted inEnergy
EETC signs EGP 163.8 mn contract to build Assiut transformer station
The Egyptian Electricity Transmission Company signed on Thursday a EGP 163.8 mn contract with a consortium comprised of China’s Sieyuan Electric Co and Singapore’s Eastern Green Power PTE to build a 66/ 22 – 11 kV power transformer station in Assiut, according to a ministry statement cited by Al Mal. The project is expected to […]
Posted inInfrastructure
EAC issues tender for developing cargo zone in Port Said airport
The Egyptian Airports Company (EAC) issued a tender this month to the private sector for the development of a dedicated cargo zone in Port Said airport, sources from the company said, reports Al Mal.
Posted inBasic Materials + Commodities
USDA report expects Egypt wheat imports to slightly increase
Egypt’s wheat imports are expected to increase by 1.62% y-o-y in FY2018-19 to 12.5 mn tonnes from 12.3 mn tonnes, according to a report from the US Agriculture Department’s foreign service. Production should remain flat this year at 8.45 mn tonnes. Meanwhile, Egypt is expected to import 300k tonnes of rice as production drops to […]
Posted inAutomotive + Transportation
Malaysia’s Proton to resume car shipments to Egypt in October
Malaysia’s Proton-brand cars to Egypt are due to start again next month after a three-year hiatus, according to Paultan. The first batch of 225 cars, out of a total 1,000 slated for a 2018 delivery, are due to arrive at the Alexandria port on 6 October. Another 280 cars will be shipped out after, deputy […]
Posted inAutomotive + Transportation
Tuk-tuk drivers given conditions to be allowed to be licensed
Local Development Minister Mahmoud Shaarawy approved a decision that requires tuk-tuk drivers to offer set fares to customers, after registering their vehicle and obtaining a permit to operate in designated routes, ministry spokesperson Khaled Kassem said, according to Al Shorouk. The move comes as the government is taking steps to integrate tuktuks within a regulatory […]