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President Abdel Fattah El Sisi will reportedly be visiting Sudan on Thursday to meet with Sudanese President Omar Al Bashir, according to reports in the Sudanese press picked up by Youm7. The two-day long meetings between the presidents will encompass primarily the Grand Ethiopian Renaissance Dam (GERD) and the South Sudan peace process, according to […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
House laws top coverage of Egypt in the foreign press
Topping coverage of Egypt in the foreign press this morning was the series of laws passed by the House of Representatives yesterday, with particular attention being given to politically sensitive laws. The most talked about and the most controversial is a law that shields senior military officials from prosecution without permission from the Supreme Council […]
Posted inOn Deadline
Gov’t doesn’t think its decisions through and its attempts to resolve one problem ends up creating several new ones
Opinion writers not happy with gov’t decision making process: Government decisions geared to resolve specific problems end up creating a host of other issues because the decisions are not thoroughly thought out to begin with, Safwat Kabel writes for Al Shorouk. Kabel takes issue with the recently implemented rice policy that saw the government reducing […]
Posted inWorth reading
Innovation increases gap between world’s most productive companies and rivals
The gains traditionally resulting from innovation are not diffusing through companies and industries as they once did, leading to a long-term slowdown in productivity, Jason Douglas, Jon Sindreu and Georgi Kantchev write for the Wall Street Journal. Economists have found that the biggest companies, fueled by technology and innovative production methods, are growing at a […]
Posted inDiplomacy + Foreign Trade
SME Authority in talks with World Bank for USD 300 mn loan
The Small and Medium Enterprise Authority is in talks with the World Bank for a USD 300 mn loan to finance new projects, boss Nevine Gamea said yesterday, Youm7 reports. The authority is looking to expand its funding of ventures such as financial leasing companies, according to Gamea, who did not provide any details on […]
Posted inDiplomacy + Foreign Trade
NBE joins China Arab bank initiative
The National Bank of Egypt (NBE) has signed on to join a China-Arab states bank initiative announced by Chinese Xi Jinping earlier this month, NBE Vice Chairman Yahia Aboul Fotouh tells Ahram Gate. The initiative is part of the wider Chinese One Belt One Road global trade program, said Aboul Fotouh. Xi Jinping had pledged […]
Posted inEnergy
Military Production Ministry to announce qualified companies to work on Dabaa plant in two months
The Military Production Ministry will begin reviewing offers from local companies looking to work on the Dabaa nuclear power plant in two months’ time, Minister Mohamed El Assar said yesterday. Petrojet, Hassan Allam, Arab Contractors, Elsewedy, ABB Egypt, and Orascom are among the 86 companies that have submitted offers, according to unnamed sources. Russia’s Rosatom […]
Posted inEnergy
SDX notes successful production test on SD-4X well at its South Disouq concession
SDX Energy announced yesterday (pdf) concluding a successful production test on the SD-4X appraisal well at its South Disouq concession. “We intend to connect this well to infrastructure located adjacent to our SD1X discovery over the coming months,” CEO Paul Welch said. The company expects to begin production in 4Q2018.
Posted inTourism
EgyptAir operating two weekly flights to Hong Kong in September
EgyptAir is planning to operate two weekly flights to Hong Kong starting 17 September, company Chairman Ahmed Adel tells Youm7. The new line will operate on Mondays and Fridays with a stopover in Bangkok.
Posted inTelecoms + ICT
NTRA to investigate delay in MNOs offering fixed line services
The National Telecommunications Regulatory Authority (NTRA) is currently investigating why the nation’s three private mobile network operators are facing delays in offering fixed line services since they received their operating licenses two years ago, sources close to the matter tell Youm7. Orange Egypt had said in December last year that it would begin offering fixed […]