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The next time you see Mo Salah on the street, look twice before asking him for a selfie. Giza-based engineer Ahmed Bahaa (a.k.a Mo Salah 2.0) got to meet the (real) football legend in his hometown of Nagrig, Egypt Independent reports. The video of the two posing for selfies in identical t-shirts was actually made […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Sudan, Ethiopia reiterate their pledge not to harm Egypt’s Nile water share through GERD
Sudan and Ethiopia reiterated their pledge not to harm Egypt’s Nile water share through the construction of the Grand Ethiopian Renaissance Dam (GERD), New Times reports. Speaking at a press conference on Thursday after meeting with Ethiopian Prime Minister Ahmed Abiy in Khartoum, Sudanese President Omar Al Bashir vowed that the dam would be beneficial […]
Posted inDiplomacy + Foreign Trade
Russia bans 140-tonne shipment of Egyptian potatoes over pest infection
Russia’s agricultural quarantine authorities banned a 140-tonne potato shipment from Egypt at the Novorossiysk Sea Port, alleging that they were infected with the potato moth pest, Russia Today reports. However, the head of Egypt’s Agricultural Quarantine Authority Ahmed El Attar told Al Shorouk that Egypt was yet to receive a formal notice of the ban. […]
Posted inDiplomacy + Foreign Trade
Saudi considers investing in Egyptian sovereign wealth fund
Saudi Arabia has expressed interest in investing with and taking part in Egypt’s new sovereign wealth fund at the Egyptian-Saudi Economic Committee meetings which took place in Riyadh over the weekend. The Saudis will form a committee to look into the possible venture, read a statement from the Trade and Industry Ministry. The meetings also […]
Posted inEnergy
Eni announces new oil discovery in Western Desert’s Faghur Basin
Eni has made a new oil discovery from the SWM A-2X exploratory well in the Western Desert’s Faghur Basin in the South West Meleiha concession, the company announced on Thursday. The well has been opened to production and is expected to deliver 2,300 bop/d of light oil. Eni is planning further drilling in the area […]
Posted inEnergy
Egypt, Saudi Arabia to sign electricity interconnection contracts in two months
Egypt and Saudi Arabia are expected to sign contracts for their USD 1.6 bn electricity interconnection project “in two months’ time,” Electricity Minister Mohamed Shaker told reporters yesterday, Youm 7 reports. Egypt has completed all the necessary prep work for the project, which should see the two countries exchange up to 3 GW of power. […]
Posted inBasic Materials + Commodities
Egypt’s Valencia oranges in the midst of a “disastrous” market in Europe, grapes expected to fare better
The prospects for Egyptian grapes in the European market are “looking quite a lot better” this year compared to last year, but Valencia oranges are in the midst of a “disastrous” market, head of sales at Egyptian producer Spica, Omar Ehab, tells Fresh Plaza. “The first months of the year were very good. But, since […]
Posted inManufacturing
AIND plans to invest EGP 10 mn to set up three new production lines in tile, cement bricks factories
Arabia Investments, Development, and Financial Investment Holding Company (AIND) is planning to invest EGP 10 mn in setting up three new production lines in its tile and cement bricks factories in Alamein and Abu Rawash, according to Chief Investment Officer Rania Afifi. The company plans to inaugurate two lines in the Alamein factory in August […]
Posted inHealth + Education
Canadian politician raises human rights concerns following UPEI’s decision to establish a branch in Egypt
Leader of a provincial chapter of the minor Canadian opposition Green Party, Peter Bevan-Baker, voiced his concerns over the University of Prince Edward Island’s (UPEI) decision to establish a branch in Egypt due to “human rights violations raised by Human Rights Watch,” CBC News reports. Speaking at the Prince Edward Island legislature on Thursday, Bevan-Baker […]
Posted inTourism
Italian tourist bookings to Egypt this summer sees 100% y-o-y jump
Italian tourist bookings to Egypt this summer have seen a 100% y-o-y surge, compared to the same period last year, a Tourism Ministry source tells Youm7. January and February also saw a 75% y-o-y increase in Italian holidaymakers visiting Egypt, he adds. The country’s ailing tourism sector has been recovering slowly in the past few […]