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Topping coverage for Egypt in foreign press: Archaeologists discovered a ptolemaic-era sphinx at the Kom Ombo temple in Upper Egypt. CNN, Reuters and the BBC all have the story on a morning that is otherwise pleasantly quiet for Egypt in the international media. Other headlines worth noting in brief: Pompeo, Trump see eye-to-eye on Egypt: […]
Author Archives: enterpriseam admin
Posted inOn Deadline
In’l arbitration appears to be Ziad Bahaa El Din’s cause du jour
In’l arbitration is Ziad Bahaa El Din’s cause du jour: Fresh off what felt a bit like a coordinated attack by opinion writers over the past few weeks on Egypt losing out in international arbitration cases, Ziad Bahaa El Din is at it again — and gets it wrong again. In a column for Al […]
Posted inDiplomacy + Foreign Trade
Egypt is looking to resolve regional conflicts for both the greater good and its national security
Egypt is actively working to resolve regional conflicts, Foreign Minister Sameh Shoukry told Bloomberg TV in an interview aired yesterday. Although rising tensions in countries across the Middle East have a “direct impact” on Egypt, they also pose challenges to greater security issues, such as border control, curbing illegal migration, and combating terrorism. Middle Eastern […]
Posted inDiplomacy + Foreign Trade
Green Climate Fund and UNDP grant Egypt USD 31.5 mn for protection project against climate change
Egypt will receive a USD 31.5 mn grant from the Green Climate Fund and UNDP for climate change support initiatives, Irrigation Minister Mohamed Abdel Aty said, Youm7 reports. The funds will be used to protect areas that are most at risk from rising sea levels through a project that will span seven years. The agreement […]
Posted inEnergy
Empower signs contract with El Beheira Electricity Distribution Company to sell electricity from waste
Energy group Empower signed a contract with El Beheira Electricity Distribution Company to produce and sell electricity from two waste-to-energy (WtE) plants that Empower will establish, CEO Hatem El Gamal tells Al Mal. The EGP 160 mn plants will be partially financed through a loan from unnamed local bank, with the rest sourced from the […]
Posted inEnergy
Onera Systems signs agreement with Global Lease to finance solar power projects
Onera Systems signed an agreement with Global Lease to finance the establishment of 25 MW’s worth of solar power projects over the next five years for businesses in industry, tourism, and agriculture, Onera CEO Khaled El Nashar tells Al Mal. SMEs would receive special rates and discounts, he added. The move is part of Onera’s […]
Posted inInfrastructure
OC contracted to build infrastructure for New Cairo’s southern expansions
The New Cairo City Authority contracted Orascom Construction to build EGP 650 mn in new road, utility and infrastructure developments in New Cairo, city authority head Adel El Naggar told the local press. The new projects will cater for planned housing projects and the southern expansions in New Cairo.
Posted inBasic Materials + Commodities
Fruit producer Jana Fresh plans to set up a new packaging station by 2021
Fruit producer Jana Fresh is working on acquiring licenses to set up a new export-focused packaging terminal on the Cairo-Alexandria desert road, export manager Abdel Rahman Mahrous said. The project’s investment value was not disclosed, but Mahrous mentioned it will be financed through the company and its partners. The new facility, which will open in […]
Posted inBasic Materials + Commodities
IDA to issue iron plant licenses only to those moving up the value chain
The Industrial Development Authority (IDA) will issue new licenses for iron plants only if they can go up the value chain, Trade and Industry Ministry adviser Hussein El Garhy said. This would involve the production of more refined iron, such as sponge iron. He noted that the IDA has received around five requests for iron […]
Posted inManufacturing
Abu Qir studies new methanol production facility
Abu Qir Fertilizers is considering establishing a new methanol production facility and is currently preparing to launch a tender to select a company to conduct feasibility studies, the company announced in a bourse filing yesterday. The project’s investment value was not brought up, but Oil Minister Tarek El Molla had reportedly said in March that […]