Author Archives: enterpriseam admin

FIRST LOOK- Import companies can how have a non-Egyptian manager -Shahid Law Firm. Our friends at Shahid Law Firm tell us that they have obtained official confirmation from the General Organization for Export and Import Control (GOEIC) that “the day-to-day management and financial control of import companies can now be handled by non-Egyptians, provided that […]

The Electricity Ministry has reportedly drawn up a list of 10 contractors it will recommend to Russia’s Rosatom to work on the USD 30 bn Dabaa nuclear power plant, ministry sources told Al Mal on Tuesday. Among the leading names included in the list are Elsewedy Electric, Orascom Construction, Arab Contractors, Hassan Allam, and Petrojet, […]

DP World, SCZone launch phase one of Ain Sokhna multi-use zone: DP World and the Suez Canal Economic Zone (SCZone) signed contracts to start development work on the 30 sq km first phrase of their integrated industrial and residential zone in Ain Sokhna, according to a joint statement (pdf). They plan to begin signing contracts […]

New natgas regulator board meets for the first time, no word on when first import license will be issued: The new natural gas market regulator’s board of directors met for the first time yesterday after the Ismail Cabinet signed off on the full formation, Al Ahram reports. Appointees to the board include GASCO head Hisham […]

LEGISLATION WATCH- We’re starting to see a trickle of news on the next wave of economic legislation. First off, the new Insurance Act, which the Financial Regulatory Authority (FRA) is drafting with an eye to tighten regulation of the sector, will include amendments that govern pension and private social welfare funds, said FRA deputy head […]

The European Bank for Reconstruction and Development (EBRD) approved EUR 148 mn in loans to Egypt for the Kafr El Sheikh Kitchener Drain depollution project. The first EUR 69 mn loan will be directed towards rehabilitating the drainage system. The bank is also providing a EUR 79 mn facility to finance the purchase of containers […]

It looks like Abdul Latif Jameel might be back after all: It appears that Abdul Latif Jameel is indeed returning to renewable energy in Egypt by participating in the Electricity Holding Company’s tender for a 600 MW solar power plant in the West Nile area. The firm will be bidding on the project through its […]

It looks as if the delay in the return of Russian flights is unrelated to ground handling services, as Russian Transport Minister Maxim Sokolov suggested on Monday. Egyptian officials signed an agreement covering ground handling services with Aeroflot’s general manager during Russian President Vladimir Putin’s visit to Egypt last year, the head of the Egyptian […]