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Finance Minister Mohamed Maait will be at AmCham on Tuesday, 18 September for a lunch. The minister will speak about “Egypt’s financial reform agenda.” Members and their guests can register here. The E-Commerce Summit in Egypt takes place on Wednesday, 26 September. The president of Italy’s Chamber of Deputies, Roberto Fico, is set to visit […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Tests show e-coli killed British tourist couple: public prosecutor
E-coli a factor in death of British couple on holiday in Hurghada: Holiday-gate may be entering its denoument after Public Prosecutor Nabil Sadek said that an e-coli infection helped precipitate a heart attack that killed John Cooper, 69, according to a statement from the Tourism Ministry. His wife, Susan, a Thomas Cook employee, was also […]
Posted inDiplomacy + Foreign Trade
France urges Egypt to overturn mass death sentences
France called on Egyptian authorities to overturn mass death sentences issued in a trial this week over the 2013 Rabaa Al Adawiya sit-in, Reuters reports. The move is rare public criticism by Paris over its strong regional ally, the newswire notes. The United Nations human rights chief Michelle Bachelet denounced yesterday Egypt’s decision saying they […]
Posted inDiplomacy + Foreign Trade
Qatar asks to hold talks with Saudi-led bloc over human rights violations
Qatar asks to hold talks with Saudi-led bloc over alleged “human rights violations”: Qatar has asked the four countries that make up the boycott bloc to hold talks over what it says are “human rights violations committed in the framework of the Gulf crisis,” Bloomberg said, citing a Qatar News Agency report. It was not […]
Posted inDiplomacy + Foreign Trade
India govt agrees agricultural cooperation MoU with Egypt
The Indian Cabinet ratified yesterday an agricultural cooperation agreement with Egypt, Devdiscourse reports. The MoU covers cooperation on irrigation technology, as well as agricultural waste management, among other things. A joint working group will also be established as part of the agreement to focus mainly on boosting trade and bilateral cooperation.
Posted inDiplomacy + Foreign Trade
Trade Minister talks cooperation with AfreximBank delegation
Trade Minister Amr Nassar met with a delegation from the African Export-Import Bank (AfreximBank) to discuss enhancing cooperation in various fields including infrastructure, energy, health and oil, according to a ministry statement. The ministry hopes that through the bank’s funding it will be able to establish joint industrial projects with the private sector at home […]
Posted inEnergy
Wells from phase 9B of BG’s West Delta Deep Marine Concession to come online in October
The first two wells from Phase 9B of BG’s West Delta Deep Marine Concession is expected to come online next month, Oil Minister Tarek El Molla said yesterday, Al Mal reports. Capacity is expected to gradually increase over the next year as more wells are drilled and connected, El Molla said.
Posted inEnergy
KarmSolar to raise EGP 500 mn for expansion plans, contracts Attijari as advisor
KarmSolar is looking to raise EGP 500 mn of equity to finance the completion of its pipeline private solar power stations, according to an emailed statement (pdf). The energy company has contracted Attijari Finances to act as its global advisor and coordinator for the fundraising process. Under the agreement, “the investment bank will assist KarmSolar […]
Posted inBasic Materials + Commodities
Wheat import prices begin to ease up for GASC
The General Authority for Supply Commodities (GASC) purchased 235k tonnes of Russian wheat in an international tender yesterday, according to Reuters’ Arabic service. The lowest offer received in a tender for 55,000 tonnes of wheat was USD 222.70 per tonne FOB from trading firm Daewoo, traders tell Reuters. The shipment is due between 25 October […]
Posted inBasic Materials + Commodities
Cotton exporters extend export season for 30 days
The Cotton Exporters Association approved a 30-day extension to the 2017-2018 cotton export season, association head Nabil Al Santaricy said. The season usually runs from December-August, but exporters still have 7,000 tonnes of remaining shipments to fulfil. Cotton exports during the season registered a 55,000 tonnes with 44.7% growth y-o-y.