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President Abdel Fattah El Sisi and the presidential election getting underway next week are in the foreign media’s spotlight this morning. The Financial Times’ Heba Saleh and Andrew England write that El Sisi has stabilized Egypt but critics are warning of growing oppression. Critics fear that El Sisi’s “tough rule” Egypt is experiencing now is […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Football in the spotlight
Egypt’s participation in the 2018 World Cup is also getting a lot of attention in the foreign press. The Associated Press says the team looks “wobbly” ahead of its first warm up games with Portugal and Greece in Zurich, as players seem to be struggling with “Siberia-like” weather, according to The National. Liverpool star Mohamed […]
Posted inEGYPT IN THE NEWS
Egypt is a “dream come true” for American retirees
Egypt is a “dream come true” for American retirees who want to live exclusively off their Social Security checks, according to personal finance site GoBankingRates. While most Americans would find it difficult to get by in the US on an average security check, there are several countries where the cost of living is low enough […]
Posted inEGYPT IN THE NEWS
Briefly noted on 22 March 2018
Increased security cooperation with Israel and a USD 15 bn natural gas export agreement compromises Egypt’s traditional role as a mediator in the peace process with Palestine, Maged Mandour suggests in a column for the Carnegie Endowment for International Peace. Yawn. Oil Price is the latest outlet to note that the gas pact could spur […]
Posted inEnergy
Titan Cement Egypt to build USD 8 mn, 8 MW solar power station in Beni Suef
Titan Cement Egypt is planning to invest USD 8 mn to construct an 8 MW solar power station next to its cement plant in Beni Suef, unidentified sources tell Al Borsa. The company plans to connect the station to the national grid and sell surplus energy to neighboring factories. Four solar power companies have presented […]
Posted inEnergy
Aswan grants land to Solar Installer for 100 MW solar panel factory
The Aswan governorate has allocated a 10k sqm land plot to Solar Installer to establish a solar panel factory in the Allaqi industrial zone in Aswan, Al Borsa reports. Solar Installer had signed a JV agreement with local companies in Benban for the factory.
Posted inInfrastructure
Bidding window for Six October dry port to close on 7 April
The bidding window for the Six October City dry port will close on 7 April, sources close to the matter tell Al Borsa. We had noted earlier this month that the deadline was pushed by a month after the state received several extension requests from parties interested in the project, which is said to need […]
Posted inTourism
TPA to launch new promotion campaign next month
The Tourism Promotion Authority (TPA) is set to launch a new three-month promotional campaign in April, TPA head Hisham El Demery said yesterday, Ahram Gate reports. The campaign, which will run on National Geographic and social media, will come in the form of informative videos on Egypt’s tourism and holiday destinations, as opposed to direct […]
Posted inTourism
Tourism Ministry ratifies Hajj prices and regulations
The Tourism Ministry has ratified the prices and regulations for the upcoming Hajj season, Ahram Gate reports. Prices rose 15% y-o-y.
Posted inOTHER BUSINESS NEWS OF INTEREST
Egypt Post and MyUS sign MoU to facilitate online shopping
Egypt Post has signed an MoU with US-based shipping company MyUS to facilitate online shopping to Egypt from the US, Chairman Essam El Sagheer tells Al Shorouk. Customers will be able to pay in cash through Egypt Post’s 4,000 nationwide branch network or via credit or prepaid Easy Pay cards, according to El Sagheer. But […]