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LEGISLATION WATCH- Tenders and Auctions Act gets renamed as Public Contracts Act, gets preliminary nod from House GA: Parliament preliminarily approved the Tenders and Auctions Act during a plenary session yesterday, Al Shorouk reports. Discussion of the law quickly hit a snag, however, after the general assembly decided to rename the bill to become the […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Mohamed Abdel Kader appointed head of Citigroup’s Egypt country officer
MOVES- Mohamed Abdel Kader has been appointed as Citigroup’s Egypt country officer, Reuters reports. Abdel Kader “has been serving as country treasurer since 2008” and will retain his position as head of markets for Egypt, according to the newswire. MOVES- Gen. Mohsen Abdel-Naby has been appointed as Director of the Office of President Abdel Fattah […]
Posted inUncategorized
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Posted inImage of the Day
10 penguins are now chilling at Mall of Egypt
The first group of Gentoo and Chinstrap penguins to be hosted in Egypt made their debut appearance at Six of October City’s Mall of Egypt on 1 July, according to Ski Egypt’s Facebook page. The ten Arctic penguins are trained are trained to meet visitors, it said
Posted inEGYPT IN THE NEWS
Human rights group protests Defense Minister’s visit
A very quiet day for Egypt in the international press sees human rights stories take center stage. First, a coalition of rights groups are slamming France for “participating in the bloody Egyptian repression of the past five years” by supplying the country with weapons, Euronews reports. The objections come as Defense Minister Mohamed Zaky made […]
Posted inWorth reading
Finnish scientists are working on a lightweight vest that would effectively act as an AC on the go
A group of Finnish scientists are working on a lightweight vest that would effectively act as an AC on the go, according to the Economist. A team from Finland’s VTT Technical Research Center that specializes in microfluidics — “the art of building devices that handle tiny amounts of liquid” — is currently in the process […]
Posted inDiplomacy + Foreign Trade
New EIB funding for Egypt’s private, water and wastewater projects in the pipeline
New EIB funding for Egypt’s private sector, water and wastewater projects in the pipeline: The European Investment Bank (EIB) is looking to sign new funding agreements to support Egypt’s water and wastewater projects and private sector by the end of the year, EIB’s North African and Middle East Director Flavia Palanza tells Al Mal. The […]
Posted inDiplomacy + Foreign Trade
Egypt, Poland sign cooperation agreements, discuss potential Polish industrial zone
Egypt, Poland sign banking, trade cooperation agreements, discuss potential Polish investment zone: The National Bank of Egypt and the Export Development Bank of Egypt signed yesterday a cooperation agreement with Polish development bank BGK that will see the three banks finance joint projects, according to a Trade Ministry statement. Egyptian and Polish officials also discussed […]
Posted inDiplomacy + Foreign Trade
Egypt, Bangladesh ink joint economic, technical cooperation agreement
Investment Minister Sahar Nasr signed an economic cooperation agreement with Bangladesh yesterday, according to a ministry statement. The agreement will see both countries cooperate on promoting investments.
Posted inInfrastructure
SCZone, Elsewedy expected to sign contracts for 10 mn sqm in Ain Sokhna
The Suez Canal Economic Zone is “putting the final touches” on contracts with Elsewedy to develop 10 mn sqm in Ain Sokhna, and expects to ink the final agreement within two weeks’ time, Al Mal reports. No details were provided on the expected value of the contracts.