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Press freedom is still dominating headlines on Egypt in the international media after the editor of the Ikhwan-friendly website Masr Al Arabia was arrested late on Tuesday for allegedly operating the site without a permit, according an Interior Ministry statement. The Supreme Media Council had fined the website EGP 50,000 for publishing a translation of […]
Author Archives: enterpriseam admin
Posted inOn Deadline
Egypt’s diplomatic efforts laid the groundwork for a resolution of the GERD gridlock
Tripartite talks over the Grand Ethiopian Renaissance Dam will likely yield a positive outcome, particularly since Egypt’s diplomatic efforts over the last few months have helped to ease tensions over the dam, Al Ahram’s editorial board says. The board is optimistic that newly sworn-in Ethiopian Prime Minister Abiy Ahmed Ali will see eye-to-eye with Egypt […]
Posted inWorth watching
Mexico City may be the inspiration Egypt needs to de-pollute its environment
Mexico City may be the inspiration Egypt needs to de-pollute its environment: A citizen-led initiative in Mexico City — widely considered to be the world’s most polluted city — has been working to transform columns supporting bridges and flyovers into vertical gardens. The plants are irrigated through rainwater collected by the columns and through treated […]
Posted inDiplomacy + Foreign Trade
Egypt asks the US to be exempted from steel tariffs
Egypt asks US to be exempted from steel tariffs: The Trade and Industry Ministry has requested that the US exempt its imports of Egyptian steel from tariffs imposed by President Donald Trump last month, the head of the ministry’s external trade department Saeed Abdallah tells Al Masry Al Youm. The ministry expects to begin negotiations […]
Posted inDiplomacy + Foreign Trade
European Commission clears Egyptian company of dumping ferro-silicon products
The European Commission has cleared the Egyptian Ferrous Alloys Company of accusations it is dumping ferro-silicon products in the EU, Ahram Gate reports. The commission had launched an investigation (pdf) last August into claims that Egypt and Ukraine were guilty of dumping practices. The investigation, however, is still ongoing. It’s unclear whether any other Egyptian […]
Posted inDiplomacy + Foreign Trade
Attijariwafa Bank, Expolink sign MoU to promote Egypt’s exports to Africa
Attijariwafa Bank and the Egyptian Exporters Association (Expolink) signed yesterday a MoU to promote Egyptian exports to Africa, according to an emailed statement (pdf). Under the agreement, the bank will provide Expolink-affiliated investors with special banking services and products to encourage their export activities.
Posted inDiplomacy + Foreign Trade
Theresa May, El Sisi agree to strengthen UK-Egypt ties
British Prime Minister Theresa May and President Abdel Fattah El Sisi agreed yesterday to work on strengthening ties between Egypt and the UK during a phone call, according to an Ittihadiya statement.
Posted inEnergy
Italy’s Edison plans to sell off its oil and gas unit
Italian energy company Edison is planning to sell off its oil and gas unit in favor of focusing on its retail business, Reuters reports. Edison’s assets in Egypt — including the Abu Qir concession — are among the “most attractive parts” of the company’s oil and gas portfolio, sources tell the newswire. “The company has […]
Posted inEnergy
ASORC signs NBE-brokered USD 100 mn loan from China Development Bank
The Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) on Wednesday to help fund upgrades to its refinery, according to an Oil Ministry statement. The loan — arranged by the National Bank of Egypt (NBE) — will contribute to building a CCR reforming unit for […]
Posted inEnergy
EforA Energy’s pilot well Lagia 14 successfully comes on stream
South African firm EforA Energy (formerly SacOil) has successfully brought its Lagia 14 well in Egypt on stream, with the well’s production peaking at 75 bbl/d. Production has stabilized at around 40 bbl/d, the company said in a statement.