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The nation’s columnists don’t think the government should launch its own Facebook-like social media network. Ahram Gate’s Amina Khairy says it could mean trouble for Egypt, while Al Masry Al Youm’s Abdel Nasser Salama argues that it would bring Egypt back to a “police state” climate. El Watan’s Mahmoud Khalil agrees, arguing that the whole […]
Author Archives: enterpriseam admin
Posted inWorth reading
Religious fundamentalism linked to brain damage, says study
Religious fundamentalism is a result of a functional impairment in the prefrontal cortex region of the brain, a study published in the journal Neuropsychologia has found, Raw Story reports. According to the findings, damage to particular areas of the prefrontal cortex indirectly promotes religious fundamentalism by diminishing cognitive flexibility and openness, which involves dimensions like […]
Posted inWorth watching
Nemo’s Garden: Growing fruit and vegetables below the surface of the Mediterranean
Want to teach your kid environmentalism, diving, self reliance and keep them quiet all at once? A father and son team have come up with the coolest science project ever: an underwater farm they named Nemo’s Garden off the coast of Noli, Italy. The pair set up the project back in 2013 after their crops […]
Posted inDiplomacy + Foreign Trade
Egypt, Sudan, and Ethiopia to hold next round of GERD talks in April
Egypt, Sudan, and Ethiopia are scheduled to hold a trilateral meeting over the Grand Ethiopian Renaissance Dam (GERD) on 4-5 April, Al Masry Al Youm reports. The meeting will bring together the three countries’ irrigation and foreign ministers and intelligence chiefs. Egypt had agreed last month to postpone the meeting, which had been set for […]
Posted inEnergy
Nooros field’s 13th well comes online, adding 90 mcf/d of production
The 13th well of the Nooros gas field has come online, bringing an additional 90 mcf/d to the national grid. This would bring the field’s total production to 1.15 bcf/d, according to a report by Eni and EGPC JV Belayim Petroleum Company (Petrobel), Al Masry Al Youm reports. The field’s 14th well is underway, which […]
Posted inBasic Materials + Commodities
Cotton exports contracts see 58% increase this season
Contracts for cotton exports have seen a 58% y-o-y increase to 49.2k tonnes from 31k tonnes this season, Cotton Exporters Association chief Nabil El Santrissi tells Al Borsa.
Posted inHealth + Education
Vacsera to establish USD 16 bn syringes factory with Abu Dhabi Medical Devices
A subsidiary of state-owned vaccine manufacturer Vacsera has signed an agreement with Abu Dhabi Medical Devices Company and Maadi Company for Engineering Industries to establish a USD 16 bn disposable syringes factory, Al Borsa reports. Construction is scheduled to be complete in 18-24 months and the factory is expected to produce 100 mn syringes per […]
Posted inReal Estate + Housing
TMG Holding invests EGP 35 bn in new capital project
Talaat Moustafa Group (TMG) Holding has invested EGP 35 bn in its 500 feddan project in the new administrative capital, the company said in a statement to the EGX (pdf). TMG’s subsidiary, the Arab Company for Projects and Urban Development, had purchased the land for EGP 4.4 bn in April 2017. Separately, TMG has completed […]
Posted inTourism
Hilton signs management contract for El Gouna’s Mangroovy resort
Hilton has signed a contract with Mangroovy for Real Estate & Tourism Investment to manage a new hotel in El Gouna’s Mangroovy resort, according to an emailed statement (pdf). Construction of the 179-room hotel — DoubleTree by Hilton Mangroovy — will begin later this year. Hilton Worldwide has plans to add 1,000 hotel rooms in […]
Posted inNational Security
Egyptian, French navies launch joint exercise in Red Sea
Egypt and France are conducting a joint naval drill in the Red Sea, according to an Egyptian navy statement. The drill involves Egyptian and French Mistral helicopter carriers, frigates and missile corvettes. This comes less than three weeks after the two countries concluded the Cleopatra 2018 joint naval exercise in the Red Sea.