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There’s nothing new to report on Egypt in the international press unless you count a really lazy, paper-thin story from Forbes Middle East suggesting that Naguib Sawiris “stands to profit immensely” from North Korea opening up to foreign investment. Sawiris has already admitted that he has lost de facto control of Koryolink, his JV with […]
Author Archives: enterpriseam admin
Posted inOn Deadline
This is what passes for economic commentary…
This is what passes for economic commentary: It will take a lot more than tax incentives to encourage small businesses to go legit and join the formal economy, Ahmed Galal (briefly a cabinet member under the Beblawy government and perennial think-tank type) writes for Al Masry Al Youm. Businesses that operate informally do so to […]
Posted inWorth watching
A tiny Welsh car runs on hydrogen, emits only H2O
Not a bad substitute for 80-octane fuel and dirty mazot. Riversimple, a small independent car manufacturer in rural Wales, have got their hopes up that hydrogen vehicles can play a vital part in the future of transport. Dubbing their handbuilt car Rasa, the aerodynamic two-seater weighs just 580 kg. Each of the car’s four wheels […]
Posted inDiplomacy + Foreign Trade
El Sisi reaffirms Egypt’s commitment to resolving Syrian crisis through diplomatic channels
El Sisi meets UN Syria envoy, reaffirms importance of diplomatic resolution: President Abdel Fattah El Sisi reaffirmed Egypt’s commitment to resolving the Syrian crisis through diplomatic channels during a meeting yesterday with UN Special Envoy for Syria Staffan de Mistura, according to an Ittihadiya statement. El Sisi also stressed the importance of preventing further escalations […]
Posted inEnergy
Empower to build Beheira WtE power plant under IPP framework
Is Empower really the first company to receive an IPP license to sell electricity from waste? Energy group Empower has apparently won a contract to produce and sell electricity from its 24 MW waste-to-energy (WtE) plant in Beheira under an independent power producer (IPP) framework, according to statements attributed to CEO Hatem El Gamal by […]
Posted inHealth + Education
Kafr El Sheikh student arrested for posting Thanaweya Amma exam online
A student in Kafr El Sheikh was detained after he was identified as the culprit behind a leaked Thanaweya Amma English exam, Ahram Online reports. The Education Ministry was able to locate the student using the barcode on the exam booklet whose picture he posted with his phone while sitting for the exam. The Thanaweya […]
Posted inReal Estate + Housing
Marseilia Group to invest EGP 20 bn in Egypt projects over five years
Real estate developer Marseilia Group is planning to invest EGP 20 bn in projects across Cairo, Alexandria and the North Coast over the next five years, Chairman Sherif Heliw tells Mubasher. The company had submitted a request to the New Administrative Capital Company for Urban Development (NACCUD) to acquire 100 feddans for a residential project, […]
Posted inTourism
TPA considers extending JWT contract for Egypt’s tourism promotional campaigns abroad
The Tourism Promotion Authority (TPA) might be extending advertising agency JWT’s contract, due to expire this September, TPA head Ahmed Youssef tells Al Shorouk. Tourism Minister Rania Al Mashat said in April that the ministry would issue a tender for PR companies to manage Egypt’s tourism promotional campaigns abroad in August, after its existing contract […]
Posted inAutomotive + Transportation
Is this “100% Arab car” thing legit? And will it be produced in Egypt?
Geyushi Motors, El Saba Automotive, Abou Ghali Automotive, and El Sharkawy Automotive are all in talks with the UAE’s Sandstorm Auto over distribution rights and after-sale services in Egypt, MEA Regional Manager Karim Saleh tells Al Mal. The Emirati company is currently reviewing the offers, he adds. A Sandstorm Auto delegation will visit Egypt later […]
Posted inOther Business News of Note
NOMP signs with UAE's AFRM to develop ready mix concrete project
The National Organization for Military Production (NOMP) signed an MoU with UAE-based Al Falah Ready Mix (AFRM) to study the possibility of establishing a JV to produce ready mix concrete for projects across the country, according to the Military Production Ministry.