GERD’s project manager found shot dead in his car: The project manager of the Grand Ethiopian Renaissance Dam (GERD), Simegnew Bekele, was found shot dead in his car in Addis Ababa on Thursday, Reuters reports. While there has been no official line, the case is widely suspected to be a homicide and the word “assassination” […]
Author Archives: enterpriseam admin
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
What we’re tracking this week and beyond
Foreign Minister Sameh Shoukry is expected to land in Washington during the first week of August to meet with US Secretary of State Mike Pompeo over developments in the Middle East and US-Egypt relations. Egypt is set to select the board of directors for its EGP 200 bn sovereign wealth fund “within days” by Prime […]
Blood Moon eclipse
Egypt was a prime location for viewing Friday night’s Blood Moon and eclipse, according to AccuWeather. The total lunar eclipse was the longest in a century, lasting for almost two full hours. The next celestial event of the same proportions takes place in June 2123. If you missed this one, we advise you to check […]
Negative coverage on Egypt’s human rights leads the conversation in the foreign press
Negative coverage on Egypt’s human rights leads the conversation in the foreign press: Topping coverage of Egypt in the foreign press this morning is a court’s decision yesterday to sentence 75 Ikhwan members to death over their involvement in the 2013 Rabaa sit-in. The defendants include Essam El Erian, Mohamed Beltagy, and Safwat Hegazy, according […]
National Youth Conference must be held in underserved governorates
The National Youth Conference should exclusively be held in underserved governorates to remind the government of how much work needs to be done outside of central cities, Soliman Gouda writes for Al Masry Al Youm. Thus far, the youth conference has only been hosted by cities that are already faring relatively well, which only serves […]
Egypt’s Zohr production capacity at 1.6 bcf/d, to reach 2 bcf/d by September
The supergiant Zohr gas field is now pumping out 1.6 bcf/d and is expected to reach 2 bcf/d by September, Eni said in a release (pdf). The company also said it raised EUR 50 mn “as an advance on future gas supplies to Egyptian state-owned partners to finance Zohr.” This came as the Italian oil […]
Edison to begin drilling exploratory wells in Mediterranean concessions in 2H2019
Italy’s Edison will begin drilling exploratory wells at its North East Hapi and Theqa concessions in 2H2019, Oil Minister Tarek El Molla said. The company’s studies of the concessions show geological structures that indicate there is a “good chance” the areas hold natural gas reserves. Edison had signed an USD 86 mn agreement with EGAS […]
Oil Ministry planning new petrochem, refinery projects in New Alamein City
The Oil Ministry is studying establishing several new petrochemicals and refinery projects in New Alamein City over the coming few years, according to a statement. The statement does not provide any further details on the planned projects or the expected investments, but notes that there is potential for them to be executed under a public-private […]
Rice imports are bad for local growers, not an effective tool for market regulation, farmers say
Egypt’s decision to start importing rice is bad for local growers and is not the right tool to use to regulate market prices, farmers tell UKRAgroConsult. “Those greedy traders will monopolize the imported rice as they are doing with the local one,” one farmer said, suggesting that stronger oversight of the market is the way […]