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Media outlets on both sides of the globe are failing at bridging the gap between the seemingly clashing cultures of East and West, Abdel Latif El Menawy writes for Al Masry Al Youm. He argues that neither sides makes any attempt to understand the other, which has resulted in Muslims being portrayed as the new […]
Author Archives: enterpriseam admin
Posted inWorth watching
Assassin's Creed Origins launches non-combat discovery mode
Ubisoft’s Assassin’s Creed Origins, which as our resident 10-year-old can tell you is set in Ancient Egypt, has launched its educational non-combat discovery mode, according to PC Gamer. The feature allows players to roam the game’s massive open world (watch, runtime 3:37) without the duress of battle, giving users the opportunity to “visualize and understand […]
Posted inDiplomacy + Foreign Trade
Saudi delegation to inspect quality control measures on Egypt’s agricultural products in March
A Saudi delegation is expected in Cairo by early March to inspect quality control measures on Egypt’s agricultural products and discuss the possibility of lifting the kingdom’s ban on their imports, Al Mal reports. Saudi Arabia had banned imports of Egyptian strawberries and peppers over concerns of residual pesticides, prompting several other GCC countries to […]
Posted inDiplomacy + Foreign Trade
Egypt opens Rafah border crossing for four days
Egypt is opening the Rafah border crossing with the Gaza Strip today for four days “on a humanitarian basis,” unnamed security officials tell The Associated Press. The crossing point was opened in one direction on Monday to allow stranded Palestinians through to Gaza.
Posted inEnergy
ACWA Power agrees to delay its Dairut plant
Saudi Arabia’s ACWA Power has agreed to push its USD 2.2 bn, 2.25 GW Dairut power plant to the Electricity Ministry’s 2022-2027 five-year plan instead of the 2017-2022 plan, unnamed ministry sources tell Al Mal. The delay is a result of the surplus in production currently on the national grid, according to the sources. The […]
Posted inEnergy
Swedish trade minister, ABB reps discuss potential renewable energy investments with Shaker
Swedish Trade Minister Ann Linde and representatives from engineering group ABB met yesterday with Electricity Minister Mohamed Shaker to discuss potential investments in renewable energy, Al Mal reports. The ABB officials expressed their company’s interest in cooperating with Egypt by providing the technology needed for interconnection projects. The company is among several international firm vying […]
Posted inBasic Materials + Commodities
GASC issues wheat tender while Russian wheat prices expected to rise
The General Authority for Supply Commodities (GASC) issued a tender yesterday for an unspecified amount of wheat for a late March delivery, Reuters’ Arabic service reports. Shipping for the wheat is set for the last week of March. The tender comes at a time when Russian wheat prices are expected to take a leg up […]
Posted inBasic Materials + Commodities
HeidelbergCement raises synergies target from Italcementi acquisition, Egypt gives bigger presence
HeidelbergCement raised its target for synergies from its USD 4 bn takeover of Italcementi for the third time in less than a year, Reuters reports. “Italcementi gave HeidelbergCement a bigger presence in several markets, including Egypt, where it saw significant savings ‘due to the realization of synergies and the adjustment of the fuel-mix due to […]
Posted inReal Estate + Housing
Naguib Sawiris invested in real estate projects through Gemini Holding
Naguib Sawiris discussed investing in real estate projects in new urban communities through his family’s private equity firm, Gemini Holding, with Housing Minister Mostafa Madbouly yesterday, Al Borsa reports. Madbouly said that the ministry is gearing up for tendering the third round of private-public partnership projects, with the available land reaching 10k feddans.
Posted inReal Estate + Housing
ERC to launch three new projects in Sahl Hasheesh within two years
The Egyptian Resorts Company (ERC) is planning to launch three new projects in Sahl Hasheesh within the next two years, CEO Wael Hatow tells Youm7. Two of these projects, which will include apartment complexes, will be launched this year, while the third remains under study and is expected to be launched in 2019. The investment […]