Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Black market for sand? Believe it or not, the world is actually running low on sand, according to Science Insider. Evidence suggests that sand is becoming increasingly scarce in many regions, prompting lucrative black markets to emerge as its value increases. “In Vietnam, the ministry of construction made an official declaration that by 2020, Vietnam […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Palestinian reconciliation is the key to reviving stalled Palestine-Israel peace talks
A reconciliation agreement between rival Palestinian factions is the key to reviving stalled peace talks between Palestine and Israel, President Abdel Fattah El Sisi told World Jewish Congress President Ronald Lauder yesterday, according to an Ittihadiya statement. El Sisi also reiterated Egypt’s support for the resumption of peace talks grounded in a two-state solution based […]
Posted inEnergy
Egypt imports 35-40% of its fuel needs
Egypt currently imports around 35-40% of its fuel needs, an EGPC official tells Amwal Al Ghad. According to the official, Egypt also relies on imports for around 50% of its monthly diesel consumption.
Posted inTourism
Seti Travel to invest EGP 80-100 mn in two Nile cruise lines from Abu Simbel to Sudan
Seti First Travel is investing EGP 80-100 mn to officiate two Nile cruises between Abu Simbel to Sudan by 2020, boss Magdy Hanin tells Al Shorouk. The company is also spending EGP 32 mn by October to upgrade two of its floating hotels, which move between Cairo and Aswan. The new projects mean to meet […]
Posted inTelecoms + ICT
Vodafone pushes gov’t to replace TE board members
Vodafone Egypt plans to reach out to the government to urge it to expedite the replacement of the four current board members representing Telecom Egypt (TE), which owns 45% of the company, sources tell Amwal Al Ghad. Vodafone has been pressing the government to replace current TE representatives with non-executive board members with no ties […]
Posted inBanking + Finance
NBG receives greenlight to exit local market, to begin receiving offers for local assets in August
The National Bank of Greece (NBG) will begin next month receiving offers from banks in the domestic market looking to acquire its local portfolio and assets, which include 17 branches across the country, sources close to the matter tell Al Mal. The CBE had reportedly signed off last week on the NBG’s request to exit […]
Posted inBanking + Finance
CI Capital in talks with unnamed banks to manage EGP 100 mn equity funds
CI Capital is in talks to take on the management of two equity funds with combined assets under management of EGP 100 mn, Managing Director Amr Aboul Enein told Al Masry Al Youm. The move is part of the company’s plans to grow its AUM portfolio.
Posted inLaw
Shalakany Law advising on Emaar vs. El Nasr Housing dispute over Uptown Cairo land
Shalakany Law Offices are advising on talks to settle the dispute between Emaar and El Nasr for Housing and Development over the land in the Uptown Cairo project, Partner Khaled El Shalakany tells Al Masry Al Youm, adding that he expects the issue to reach resolution soon. The latest development in the tired saga of […]
Posted inEgypt Politics + Economics
Bishop found dead in Beheira monastery
A bishop was found dead inside a monastery in Beheira, with physical evidence suggesting that he was killed, the Associated Press reports. Bishop Epiphanius, head of the Anba Makar Monastery on the Wadi El Natroun road, was reportedly found with a smashed skull and injured back, security officials tell the newswire. Prosecutors have begun investigating […]
Posted inSports
Egypt beats England 2-0 in Junior Men’s World finals
Egypt beat England 2-0 yesterday in the final game of the World Squash Federation’s (WSF) 2018 Men’s World Junior Team Squash Championship in India, according to the WSF portal. This is Egypt’s sixth time to claim the title since 1994. The Egyptian team “cruised through the six-day event in Chennai without dropping a single game.” […]