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Items that should be on your corporate and risk calendars: A high-ranking Hamas delegation will reportedly be in Cairo on Wednesday to resume talks with Egyptian officials about “reconciliation” with rival faction Fatah, sources close to the matter told Al Bawaba News. The House of Representatives is expected to receive on Thursday a committee report […]
Author Archives: enterpriseam admin
Posted inImage of the Day
Experiencing Nefertiti’s tomb in VR to save the real deal from damage
Experiencing Nefertiti’s tomb in virtual reality to save the real thing from damage: A documentary streaming service has recorded the inside of the tomb built for Queen Nefertari in Luxor’s Valley of the Queens to help preserve the actual tomb, according to Live Science. The tomb, “whose paintings are so beautiful that it has been […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 10 July 2018
It’s a fundamentally quiet morning for Egypt in the international press, with thin coverage largely confined the arrest of the head of the Customs Authority on graft charges. We’re also seeing residual pickups of wire copy on the sentence handed to a Lebanese tourist for “defaming” Egypt in a profane Facebook video and of Egypt’s […]
Posted inOn Deadline
Finally, someone who understands the economy gets a say among oped writers
Finally, someone who understands the economy gets a say among oped writers: HC Securities & Investment Chairman Hussein Choucri penned a piece on structural reforms for AMAY, breaking the monotony of the witchdoctor, pseudo-economist blathering we usually find among opinion writers. Choucri outlines five conditions for successful administrative and legislative reform. These include setting clear […]
Posted inWorth reading
Water is more precious than oil in the Middle East
Water is more precious than oil in the Middle East where it constitutes a maincomponent of the political landscape, John Dizard writes in a piece for the Financial Times. Dizard looks at water shortages in Iran and Iraq due to reduced flow from Turkey as a model for the existing power struggle over water in […]
Posted inWorth watching
Wireless downloads existed long before WiFi ever did
Wireless downloads existed long before WiFi ever did. In the early 1980’s the hosts of British radio show Datarama figured out an easy way (at the time) for fellow programmers like themselves to share their homemade video games with the masses. The process was simple: “converting digital data into analog tones, recording them onto a […]
Posted inEnergy
EETC to issue global tender for Sudan interconnection project for a third time in August
The Egyptian Electricity Transmission Company (EETC) will reportedly reissue the global tender for the power interconnection project with Sudan in August, in hopes of attracting better financial and technical offers, company sources tell Al Mal. The EETC — which had issued the same tender once before but failed to generate enough interest — only received […]
Posted inEnergy
Electricity, military production ministers meet with China’s State Grid for talks on power grid projects
Egypt’s electricity and production ministers met yesterday with a delegation from the State Grid Corporation of China (SGCC) to discuss cooperating in manufacturing power transmission cables and towers, Al Shorouk reports. The Electricity Ministry had signed last year a USD 250 mn contract with SGCC to help develop a 1,210 km electricity distribution network as […]
Posted inBasic Materials + Commodities
Centamin’s production from Sukari gold mine drops 7% y-o-y in 1H2018
Preliminary gold production from the Sukari gold mine dropped 7% y-o-y in 1H2018 to 217.1k ounces, Centamin announced yesterday (pdf). Production from the mine during 2Q2018 also dropped 25% y-o-y to 92.8k ounces, “reflecting the lower open pit grades as mining progresses through the transitional zone and below forecast underground grades.” The lower-than-expected production levels […]
Posted inBasic Materials + Commodities
KIMA in talks with India’s International Cooperation Agency for EUR 20 mn loan for Aswan fertilizer facility
The Egyptian Chemical Industry Company (KIMA) is in talks with India’s International Cooperation Agency for a EUR 20 mn loan to add a new production unit to the second phase of its fertilizer production facility in Aswan, Al Mal reports. KIMA expects construction of the facility to be complete by the end of the year, […]