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Why the f**k does swearing feel so f**king good? There’s a reason a lot of us pepper our speech with profanity — and it has a lot to do with how our brains are wired, according to The Economist. Swear words activate a different region of the brain than that used in regular speech — […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Sudan, Qatar to sign USD 4 bn agreement to develop, manage Red Sea port
Sudan and Qatar will sign a USD 4 bn agreement to jointly develop and manage the Red Sea port of Suakin off Sudan’s coast, Sudan’s Transport Minister Makkawi Mohamed Awad and his Qatari counterpart Jassim Saif Ahmed Al Sulaiti announced in a joint press conference, Sudan Tribune reports. Qatari Transport Ministry officials visiting Sudan told […]
Posted inEnergy
Elsewedy, EGEMAC, Xian signs c. EGP 1 bn in transmission projects
Elsewedy Electric subsidiary Egytech has signed an EGP 255 mn agreement with the Egyptian Electricity Holding Company (EEHC) to connect the New Imbaba transformer station to the one in Motamadiyah, the company said in a filing to the EGX (pdf). The 5km 220 kV connection project will be established on a turnkey basis, the company […]
Posted inEnergy
SDX begins drilling new exploration well at South Disouq
SDX Energy has begun drilling at the Ibn Yunus-1X exploration well at South Disouq, Hydrocarbons Technology reports. Drilling is expected to last around 30 days. SDX had announced last month signing a rig contract with Sino-Tharwa Drilling Company for four firm wells and one contingent well in South Disouq. The company expects the field to […]
Posted inInfrastructure
General Authority for Ports denies requiring USD 60 mn loan for 6 October dry port tender
The General Authority for Ports and Dry Land denied news reports that the authority was requiring investors to arrange a USD 60 mn loan in order to qualify for the 6 October dry port tender. The terms and conditions for the project have yet to be issued, the authority noted. The authority stressed that it […]
Posted inManufacturing
Fluor Corporation wins Enppi front-end engineering design contract
State-owned oil services outfit Enppi has awarded the Fluor Corporation, an American outfit, a contract for the design and management consultancy on the phosphoric acid production plant at Abu Tartour, according to a company press release. The contracts were signed in Cairo earlier this month. The Texas-based engineering firm did not give a timeline for […]
Posted inHealth + Education
Arab Academy to open a new branch in Sharjah
The Arab Academy for Science, Technology, & Maritime Transport signed an MoU with Sharjah ruler Sultan bin Muhammad Al Qasimi to establish a new branch of the university in the emirate, Al Mal reports. No details were provided on the expected timeline or cost of the agreement.
Posted inTelecoms + ICT
Telecom Egypt wants data centers to bring in 25% of its revenues within five years
State-owned monopoly Telecom Egypt is looking to make data centers account for 25% of its revenues within five years’ time, Chief Business Officer Muhammad Sameh told reporters yesterday, Al Mal reports. He says that this is the “natural course” of development for the telecom company due to the rapid development of data. The company currently […]
Posted inAutomotive + Transportation
Alstom plans to bid on Alex tram project, new capital rail projects
France’s Alstom is planning to bid in the tenders for the EUR 360 mn Alexandria tram project and the construction of rail lines in the new administrative capital, among other transport projects, Middle East and Africa Senior Vice President Didier Pfleger tells MENA. Alstom is currently working on maintaining the infrastructure and signalling systems for […]
Posted inAutomotive + Transportation
SYSTRA and AECOM tapped as consultants for Alamein-Ain Sokhna train line
France’s SYSTRA and US-based outfit AECOM have been tapped by the ministries of housing and transport ministries to consult on the Alamein-Ain Sokhna high-speed railway project, sources tell Al Mal. The two companies, who are expected to sign the contracts “within days,” presented the best two (out of ten) offers for the project, the sources […]