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Egypt has managed to mediate a truce between Syrian opposition factions, according to the State Information Service. The ceasefire agreement, which was guaranteed by Russia and brokered by Head of Syria’s Tomorrow Movement Ahmed Jarba, stipulates joint antiterrorism efforts, release of detainees, and the return of refugees and displaced to their residences.
Author Archives: enterpriseam admin
Posted inEnergy
15th well from Nooros gas field comes online
The 15th well at the Nooros gas field has come online, pumping an additional 180 mcf/d into the national grid, the Oil Ministry announced yesterday. The Nedco well allows production from the Nooros field to remain steady at 1.2 bcf/d. On a related note, Eni and EGPC JV Belayim Petroleum Company (Petrobel) — which completed […]
Posted inBasic Materials + Commodities
Supply Ministry to announce cap on rice imports
The Supply Ministry will set a cap on the amount of rice Egypt will import and will also select specific countries from which rice can be sourced, Minister Ali El Moselhy said yesterday. Egypt will probably need to import between 500-700k tonnes of rice next year to cover local consumption needs, according to El Moselhy. […]
Posted inManufacturing
Syrian investors to establish USD 500 mn projects at Nubaria Industrial Zone
A group of unnamed Syrian investors are reportedly planning to establish projects worth USD 500 mn at the Nubaria Industrial Zone in sectors including food, textiles and plastic, Nubaria Investment Association boss Awni El Megharbel claimed yesterday, without providing any additional detail.
Posted inTelecoms + ICT
Military Production Minister signs MoU with Indian Lava to establish local smartphone production line
(The Military Production Ministry inked a MoU with Indian smartphone manufacturer Lava to establish a mobile phone production line in Egypt, CEO Vikram Singh Parmar said, Al Masry Al Youm reports. The production will be set up at one of the facilities belonging to the ministry. Minister Mohamed El Assar had met earlier this month […]
Posted inTelecoms + ICT
Vodafone Egypt begins testing fixed line services
Vodafone Egypt has begun testing its fixed line services with state-owned landline monopoly Telecom Egypt, External Affairs and Legal Director Ayman Essam said. Vodafone has yet to reach a final decision on whether or not it will offer fixed line services at all, according to Essam, since they are not particularly lucrative. The National Telecommunications […]
Posted inAutomotive + Transportation
Transport Minister invites France’s Alstom to bid on upgrading Giza-Beni Suef railway line
France’s Alstom was invited to bid on the tender for upgrading the Giza-Beni Suef railway line, Transport Minister Hisham Arafat said yesterday. Alstom is already working on railway projects in Egypt, including the development of the Cairo Metro Line 3. It is also bidding to deliver six trains and two locomotives for Cairo Metro Line […]
Posted inEgypt Politics + Economics
El Sisi ratifies law establishing Supreme Authority for Upper Egypt Development
President Abdel Fattah El Sisi ratified yesterday the law establishing the Supreme Authority for Upper Egypt Development, Al Shorouk reports. The law mandates the authority with drafting a holistic strategy for the economic, social, and urban development of regional areas. The executive regulations for the law are expected within three months. The House of Representatives […]
Posted inSports
Egypt’s squash team is expected to dominate at WSF World Junior Squash Championships
Egypt’s “formidable” squash team is expected to dominate at the WSF World Junior Squash Championships kicking off in Chennai, India today, according to Business Standard. “The Egyptians dominate the seedings in the individual events with four of the top eight in the men’s section and an equal number in the women’s event.” Egypt’s main challengers […]
Posted inON YOUR WAY OUT
Egypt, Jordan have cheapest mobile plans in Arab world
Egypt has the lowest average postpaid package cellular rate plan in the Arab world, according to a report released by the Arab Advisors Group. The report shows Jordan holding the lowest average prepaid package rate, while Lebanon and Mauritania hold the highest average prepaid and postpaid package rates, respectively. The report analyzes cellular tariffs for […]