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Affordably priced meds and a politically committed government has allowed Egypt to treat Hepatitis C patients “at an unprecedented pace,” Ted Alcorn writes for the Atlantic. Pharmaceuticals manufacturers were willing to make the treatment available at affordable prices once they recognized that the country would not be able to afford the initially high price at […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Shoukry, Sudan’s Al Dhikheri talk GERD, bilateral issues
Sudan, Egypt see eye-to-eye on GERD (until the next minor gaffe sends them backwards): Foreign Minister Sameh Shoukry met with his Sudanese counterpart Al Dridiri Al Dhikheri in Cairo yesterday to discuss the latest developments related to the Grand Ethiopian Renaissance Dam (GERD), according to a ministry statement. Egypt and Sudan share similar viewpoints on […]
Posted inDiplomacy + Foreign Trade
Libya factions agree on political roadmap, to hold end of year elections
Libya’s rival factions agreed yesterday to hold elections by the end of the year, when they met in Paris for talks mediated by a number of countries that included Egypt. The parties signed a declaration that should see them hold parliamentary and presidential elections on 10 December this year, after having set electoral laws and […]
Posted inEnergy
Electricity Minister, AFD discuss potential funding for renewable energy projects
Electricity Minister Mohamed Shaker met yesterday with French Development Agency (AFD) Country Director Stephanie Lanfranchi to discuss potential funding packages for renewable energy projects in Egypt, Al Mal reports. The agency is particularly interesting in providing financial and technical support for wind energy projects, Lanfranchi said.
Posted inInfrastructure
Samcrete, Toyota, Arab Contractors among those interested in Ras Sudr Airport tender
As many as eight domestic and international companies are reportedly eyeing a tender to develop Ras Sudr Airport and an adjacent touristic resort, sources close to the matter tell Al Mal. The list of potential bidders includes the Toyota Tsusho Corporation, Samcrete, as well as Arab Contractors and RW Armstrong & Associates, who are allegedly […]
Posted inInfrastructure
Housing Minister, China’s CGCOC agree to establish New Alamein industrial zone
The New Urban Communities Authority (NUCA) signed an MoU yesterday with Chinese construction firm CGCOC Group that will see them establish an industrial zone in New Alamein City, Al Masry Al Youm reports. Housing Minister Mostafa Madbouly said the project, whose investment value was not disclosed, would follow environmentally-friendly standards and rely on renewable energy […]
Posted inInfrastructure
Mexico’s CEMEX to supply cement, concrete for Suez Canal construction work
Mexican building materials company CEMEX has been tapped to provide 0.76 mn tonnes of cement, as well as 0.5 mn cbm of concrete, to the tunnels currently being developed under the Suez Canal, World Cement reports, with no reference to costs.
Posted inReal Estate + Housing
Stella Di Mare to break ground on Dubai hotel this year
Remco Tourism Villages Construction Company (RTVC) subsidiary Stella Di Mare Hotels & Resorts is planning to break ground on its first hotel outside Egypt in Dubai this year, Zawya reports. The 380-room five-star hotel, being built as a joint venture with a UAE-based tourism investment firm, will be located in the Dubai Marina area. The […]
Posted inTourism
TPA, Luxor governorate sign MoU with Shanghai to promote tourism
The Tourism Promotion Authority (TPA) and Luxor governorate signed an MoU yesterday with Shanghai authorities to promote mutual tourism, according to Al Shorouk. Under the terms of the agreement, a promotional video on Luxor will screen 10 times each day on television sets and iconic skyscrapers in Shanghai’s Huangpu and Bund districts.
Posted inTelecoms + ICT
ICT Ministry signs MoU with Schneider Electric to design, construct new capital’s knowledge city
The ICT Ministry signed an MoU with Schneider Electric that will see them collaborate on the design and construction of smart cities and tech zones around the new administrative capital, according to a ministry statement. The so-called “knowledge city” is set to be built on 301 feddans, with initial investments valued at EGP 6 bn. […]