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What better captures the spirit and personality of ‘heads of states’ than their hair? The Economist cartoonist KAL, who says he has drawn every major head of state in the news around the globe for the past 40 years, believes hair shape to be an individual’s most defining characteristic. Donald Trump’s “gold-plated” hair, for example, […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
New arms purchases from Russia coming soon?
New arms purchases from Russia coming soon? Current events in the Middle East require the constant development and upgrade of Egypt’s military, Defense Minister Sedki Sobhi said after returning from a visit to Moscow, according to an Armed Forces statement. Sobhi and his Russian counterpart Sergei Shoigu had discussed military cooperation between Cairo and Moscow, […]
Posted inEnergy
Norway’s TGS completes Red Sea seismic survey
Norway’s TGS has completed a 10,000-km 2D seismic survey along Egypt’s Red Sea border with Saudi Arabia and expects to deliver final data in December this year, Offshore Magazine reports. Schlumberger and TGS-NOPEC are two of five firms that were awarded contracts for scans in the area last year. Red Sea Governor Ahmed Abdallah had […]
Posted inEnergy
Shell to begin production at phase 9B of WDDM in 3Q2018 - sources
Shell is planning to begin pumping 100 mcfd from the West Delta Deep Marine (WDDM) Phase 9B project in 3Q2018, EGAS sources tell Youm 7. The first phase of the project will include linking two out of the total eight wells to the national grid in 3Q-4Q2018, followed by a third well in 1Q2019. Phase […]
Posted inEnergy
Agiba Petroleum production to exceed 50k bpd within days
Eni JV Agiba is expected to increase production to more than 50,000 bpd within the next few days, after it starts operating nine wells that are currently under maintenance. These are expected to pump out around 2500 bpd, Agiba Chairman Essam El Kaffas tells Youm 7.
Posted inBasic Materials + Commodities
GASC purchases 60k tonnes of Ukrainian wheat
The General Authority for Supply Commodities (GASC) purchased 60k tonnes of Ukrainian wheat in an international tender yesterday that attracted only four bids, Reuters’ Arabic service reports. GASC purchased the wheat from Louis Dreyfus at USD 219.9 per tonne free-on-board, traders tell the newswire. Egypt issuing a wheat tender at this time seemed a questionable […]
Posted inAutomotive + Transportation
Brilliance Bavaria Auto looks to begin selling used electric cars
Brilliance Bavaria Auto is looking to begin selling used electric Brilliance cars, the company’s General Manager Khaled Saad said, Al Mal reports. Trade and Industry Minister Tarek Kabil had issued a decree in March allowing imports of used electric cars, provided they are less than three years old. Separately, President Abdel Fattah El Sisi met […]
Posted inOther Business News of Note
EgyptAir resumes maintenance of Libyan Airlines planes
The EgyptAir Maintenance and Engineering Company signed a c.USD 500k contract with Libyan Airlines to conduct maintenance work on an Airbus 330 belonging to the Libyan flag carrier, Chairman Abou Taleb Tawfik tells Al Mal. EgyptAir had stopped providing maintenance services to Libyan Airlines in recent years due to security concerns.
Posted inLegislation + Policy
Parliament and Gov’t dispute differ on building violation fees
Parliament’s Housing Committee has yet to settle on a penalty fee laid out in a draft law on settling building code violations, committee member Khaled Abdel Aziz said. He seems to attribute the delay to the government and parliament not seeing eye to eye on the amount. While the Housing Ministry wants to set a […]
Posted inEgypt Politics + Economics
Activist arrested over charges of “insulting the president”
Egyptian activist Shady El Ghazaly Harb was arrested yesterday on a number of charges that included membership in a terrorist organization, Arabic Reuters reports.