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MENA tourism could grow to a USD 350 bn industry by 2027, mainly driven by the leisure and religious tourism sectors, according to MENA Research Partners (MPR). In 2017 alone, leisure tourism generated nearly USD 115 bn to the region, with Dubai being ranked as the sixth most visited city in the world. The region […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
A Nile cruise for sightseeing on a tight schedule
In an otherwise slow news day in the foreign press, wecouldn’t help but wish it was winter when we read this Conde Nast Traveler piece on the Nile cruise. Other coverage of Egypt in the foreign press include: Alexandria’s infrastructure is in need of a serious overhaul to protect the city from environmental risks, such […]
Posted inWorth reading
Shell could have helped slow down or reverse climate change 30 years ago
Shell could have helped slow down or reverse climate change 30 years ago, but slept on the report: European oil and gas company Shell conducted research as early as the 1980s that confirmed climate change would become a serious phenomenon, but decided to bury the evidence and continue drilling for oil, according to IFL Science. […]
Posted inDiplomacy + Foreign Trade
Cairo and Khartoum agree to facilitate movement of goods, passengers across land border ports
Cairo and Khartoum agreed to exempt Egyptian and Sudanese citizens from paying additional fees to use the land border ports the two countries share, Ashket-Qostol and Arqin, according to the State Information Service. The two sides also agreed, during talks between investment officials in Khartoum yesterday, to work together to resolve any operational obstacles at […]
Posted inDiplomacy + Foreign Trade
Agriculture Ministry bans imports of South African agricultural products over deadly bacteria outbreak
The Agriculture Ministry issued a decree yesterday banning imports of all South African agricultural and products due to an outbreak of listeria, a deadly bacteria, in South Africa, Al Shorouk reports. The measure is preemptive until the World Health Organization issues a final verdict on the safety of South Africa’s exports. Egypt imports grapes, cherries, […]
Posted inDiplomacy + Foreign Trade
Egypt, UK to run joint probe into Mariam Moustafa’s death
A team of Egyptian and British investigators is launching a joint probe into the murder of Egyptian-Italian student Mariam Moustafa in Nottingham back in March, MENA reports. Italy’s prosecutors had also opened an investigation into Mariam’s death, which was believed to be racially motivated.
Posted inEnergy
SDX begins drilling new exploration well at South Disouq
SDX Energy announced on Tuesday a gas discovery at its Kelvin-1X exploration well at South Disouq. “The well is anticipated to take up to 30 days to drill and if successful, will be completed, flow tested and connected to the infrastructure being developed at the SD-1X discovery location,” the company said, adding that Kelvin-1X is […]
Posted inEnergy
Sherif Ismail discusses oil and gas cooperation with ADNOC chief
Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors.
Posted inBasic Materials + Commodities
Aton Resources, Sandstorm sign USD 2.1 mn financing package to fund Egypt operations
Gold miners Aton Resources and Sandstorm Gold Ltd. have signed a USD 2.1 mn financing packaged to fund more exploration and development work at Aton’s Abu Marawat concession in Egypt, according to Junior Mining Network. The proceeds of the private placement will help “advance and unlock the value of the Abu Marawat concession,” says Aton […]
Posted inManufacturing
Oriental Weavers targets exports worth USD 400 mn this year
Oriental Weavers is targeting exports worth USD 400 mn and plans to push exports to reach 70% of total sales in 2018, Investor Relations Manager Ingy El Diwany said. The company also plans to invest around EUR 15-20 mn this year to reach its production targets, according to El Diwani. Oriental Weavers had announced in […]