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Eni one of five companies looking to build solar power station under IPP framework? Eni is reportedly one of five companies that have approached the Electricity Ministry with offers to build solar power stations under an Independent Power Producer (IPP) framework, sources said yesterday. The Italian company is looking to develop a 50 MW project […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Why can’t Israel just cast its natural gas lot with Egypt just like everyone else?
Why can’t Israel just cast its gas lot with Egypt like everyone else? Israel appears to still be trying to get a EUR 6 bn natural gas pipeline to sell natural gas from its Leviathan field to Europe. The pipeline would connect its fields to Cyprus, Greece and Italy. Israel is trying to finalize working […]
Posted inSpeed Round
Contracts for the Russian Industrial Zone to be signed in May
Contracts for the Russian Industrial Zone to be signed in May (with a very Russian Inshallah): “We hope that Egypt and Russia will sign the contracts establishing the Russian Industrial Zone (RIZ) at the end of May,” Russia’s Deputy Industry and Trade Minister Georgy Kalamanov, according to RT Arabic. The trade and industry ministers of […]
Posted inSpeed Round
Orange Egypt net profits reach EGP 15.9 mn in 1Q2018
EARNINGS WATCH- Orange Egypt reported a consolidated net profit after tax of EGP 15.9 mn in 1Q2018, up from a net loss of EGP 300.6 mn in 1Q2017, the company said in a bourse filing on Thursday (pdf). Consolidated revenues grew to EGP 3.3 bn for the quarter, up from EGP 3.1 bn in 1Q2017.
Posted inSpeed Round
Suleiman El Wardany new MD at Memphis Pharma
MOVES- Memphis Pharma has appointed its chairman Suleiman El Wardany as its new Managing Director, according to a bourse filing (pdf) on Thursday.
Posted inSpeed Round
Egypt to complete USD 15.6 bn Sinai development by 2022, says Mahlab
The Sisi administration’s EGP 275 bn development plan for Sinai will be completed by 2022, a top presidential advisor told Reuters this weekend. Former Prime Minister Ibrahim Mehleb, now El Sisi’s advisor for national projects, told the news service that, “The Sinai development project is a project for national security,” he said. The government had […]
Posted inSpeed Round
Egypt among countries which have shown improvement in financial inclusion
With one in three now banked, Egypt has shown substantial improvement in financial inclusion since 2014, according to the World Bank’s Global Findex Database (pdf), which charts financial inclusion figures. Adults with a bank account in Egypt grew to 33% in 2017 from less than 20% in 2014, according to the report. While the improvement […]
Posted inUncategorized
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Posted inImage of the Day
How Morocco became the go-to film location for movies about Egypt
Egypt’s bureaucracy has prompted international filmmakers to use Morocco as a stand-in for Omm El Donia and other Arab countries, transforming our North African neighbors into one of the world’s most important filmmaking hubs, Ehab Boraie writes for Scene Arabia. Local and international filmmakers face a lengthy, complicated bureaucratic odyssey the permits and censorship clearance […]
Posted inEGYPT IN THE NEWS
Other stories worth noting
Another day, another Egypt-bashing piece in the foreign press: Sunday’s edition comes courtesy of the Wall Street Journal, which is saying that this year’s presidential election perturbed some in President Abdel Fattah El Sisi’s base, who are now hoping it could open the door to more political freedoms. Al Monitor, meanwhile, is raising a stink […]