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Other headlines from the past week: Eid, Redux: Some Egyptians prefer to sacrifice camels, rather than sheep and cows for Eid Al Adha, despite the camels’ steeper price tags, says Reuters. The livestock market struggled ahead of Eid as prices spiraled, according to Antara News. Mmm, cheese: 3,200-year-old cheese and a mummification process that predates […]
Author Archives: enterpriseam admin
Posted inWorth watching
Netflix movie The Angel to tell the story of alleged double-agent Ashraf Marwan
The Angel, an English-language Netflix film depicting the alleged Egyptian double-agent Ashraf Marwan, will be released on 14 September. The movie revolves around the period leading up to the 1973 Arab-Israeli war, during which time Marwan worked as a double-agent, feeding Egypt information but also passing sensitive information on to the Mossad, allegedly as a […]
Posted inDiplomacy + Foreign Trade
Egypt in talks with World Bank for grants to finance environment projects
Egypt in talks with World Bank for grants to finance environment projects: Investment Minister Sahar Nasr and Environment Minister Yasmine Fouad met last week with the World Bank’s Chief Environment Specialist Craig Messner to discuss potential grants to finance pollution management projects, according to an Investment Ministry statement (pdf).
Posted inDiplomacy + Foreign Trade
Cairo, Moscow agree to strengthen military ties
Cairo and Moscow agreed to work on strengthening military ties last week, during meetings between Defense Minister Mohamed Zaki and his Russian counterpart Sergei Ivanov, according to an Armed Forces statement. Zaki returned from Moscow after a two-day visit, where he also met with UAE Defense Minister Ahmed Al Bowardi, as well as the head […]
Posted inEnergy
Electricity Ministry to tender EGP 6 bn hydro power plants next year
The Electricity Ministry is expected to issue a tender next year to develop micro hydro power plants with a combined generation capacity of 150-200 MW and an estimated total cost north of EGP 6 bn, reported Al Mal.
Posted inInfrastructure
Transport Ministry to launch tender for USD 100 mn Six October dry port next month
The Finance Ministry is planning to launch a tender for the construction of the USD 100 mn Six October dry port project next month, according to a ministry statement. The contract for the project, which will be developed under a PPP framework, is expected to be signed by 4Q2018. The Transport Ministry announced in June […]
Posted inBasic Materials + Commodities
Gov’t reimposes export tariff on fish for one year
Trade Minister Amr Nassar reimposed a EGP 12,000 tariff on every tonne of fresh and frozen fish exported from Egypt, Al Masry Al Youm reports. The decision, which came into effect yesterday, aims to curb increases to the prices of fish sold locally. The initial tariff was imposed back in April last year and had […]
Posted inTourism
White Desert National Park added to UNESCO’s World Heritage List
The Western Desert’s White Desert National Park will become the first Egyptian geopark on the UNESCO World Heritage List, Al Masry Al Youm reported. The site is distinguished by its rock formations, and famous for expansive sand dunes and endangered animals.
Posted inTourism
Swiss Inn set to operate three new hotels in Red Sea
Swiss Inn Hotels and Resorts will manage three new hotels by the Red Sea within a year, according to Hotel Management. The hotel management company will take over a new hotel in Sharm El Sheikh in the next four months and two new hotels in Marsa Alam and South Hurghada within the year.
Posted inTourism
Turkish Airlines to begin regular trips to Luxor
Turkish Airlines announced that it will begin operating flights from Turkish airports to Luxor, with the continuity of this new route dependent on demand, Reuters says.