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When not discussing Mohamed Salah’s performance last night in the Champions League, the foreign press honed in on Cyprus returning 14 ancient artifacts smuggled out of Egypt in the late 1980s, the Antiquities Ministry said in a statement. The Director of the Cypriot Department of Antiquities, Marina Solomidou, handed over over the smuggled pieces to […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Shoukry heads to Juba today for SPLM meeting
Foreign Minister Sameh Shoukry is heading to Juba today to attend a meeting of the South Sudan Liberation Movement's (SPLM) National Liberation Council, according to a ministry statement. The invitation was extended to African leaders who are guarantors of the Arusha accord for the movement's reunification, and ending the civil war in South Sudan, the […]
Posted inDiplomacy + Foreign Trade
Iraq considers opening permanent Egyptian trade office in Baghdad
Iraq is considering opening a permanent Egyptian trade office in Baghdad following a request by Egypt, Iraqi Ambassador to Cairo Habib Al Sadr announced, according to Al Ahram.
Posted inEnergy
Expect delays in the in management, maintenance tender for Siemens plants
The Egyptian Electricity Holding Company (EEHC) wants to amend the tender to or the day-to-day management and maintenance of the three Siemens combined-cycle power plants. The EEHC is reportedly looking to ensure that smaller companies bidding on the tender have financial backing from a bank. The EEHC also wants the offers presented to be the […]
Posted inBasic Materials + Commodities
Gov’t increases rice cultivation area by 100k feddans but only using treated wastewater
The Irrigation and Agriculture Ministries have agreed to increase the area allocated for growing rice by 100k feddans this season, but only if the expanse is irrigated with treated wastewater, senior Irrigation Ministry officials tell Al Shorouk. The decision brings the total area of rice cultivation to 824k feddans, he adds. This comes as the […]
Posted inManufacturing
Damietta Furniture City to issue phase two tenders in June
The Damietta Furniture City will issue land and factory tenders for phase two of the project in June, according to Governor Ismail Taha. The tenders for 620k sqm of land and over 1,400 workshops were scheduled to be issued in April, but had to be postponed due to delays in infrastructure work, which should be […]
Posted inTourism
Thomas Cook resumes Bristol flight to Hurghada
The first Thomas Cook flight from Hurghada to Bristol took off on Monday with over 200 passengers on board, according to the UK embassy in Cairo. “We have increased the number of seats on sale to Egypt by 14 per cent across the UK this year, flying to both Hurghada and Marsa Alam,” said the […]
Posted inOther Business News of Note
Sameem Capital sues to reshape Prime Holding’s board and take control
Sameem Capital has filed a lawsuit to disband Prime Holding’s current board of directors and be represented on the newly formed board, said Sameem CEO Khaled Rashed. Sameem, which raised its stake in Prime Holdings to 27%, claims that Prime is not being managed effectively and could have achieved greater profits had its board done […]
Posted inEgypt Politics + Economics
Al Wafd’s Abu Shoka looks to create its own parliamentary coalition
Al Wafd Party head Bahaa El Din Abu Shoka is moving towards creating a parliamentary coalition by bringing together independent MPs and those in smaller parties, he tells Al Masry Al Youm. Abu Shoka has reportedly also approached MPs who are part of Parliament’s majority bloc, the Support Egypt coalition. Members of Al Wafd are […]
Posted inON YOUR WAY OUT
Innoventures and ASRT launch Startup Reactor in Suez
Innoventures and ASRT launch Startup Reactor in Suez: Egyptian venture capital firm Innoventures has partnered with Suez University and the Academy of Scientific Research and Technology (ASRT) to launch Startup Reactor in Suez, Innoventures announced in a press release (pdf). The six-month entrepreneurship program, which is part of ASRT’s nationwide startup incubation program INTILAC, aims […]