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The Ismail cabinet has reportedly approved a three-tier feed-in tariff system for waste-to-energy projects, unnamed Electricity Ministry sources tell Al Mal. The first tier is for fuel derived from burnable agricultural waste such as rice straw, which will have a FiT rate of EGP 1.30 per kWh. The second tier would see power produced from […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Opening Latin America for Egyptian strawberry, grape exports
Opening South America for Egyptian strawberry and grape exports: The Agricultural Quarantine Authority is in talks with its Brazilian counterpart to pave the way for sales of Egyptian grapes and strawberries the South American market starting next season, sources tell Al Borsa. The authority is currently preparing samples of grapes and strawberries to send to […]
Posted inSpeed Round
Chambers issues list of top Egyptian arbitration litigators
NOTED- Top Egyptian arbitration litigators: Chambers Global, one of the world’s leading directories of legal practitioners, has put out its list of top-ranked firms and lawyers. Included in its list of top arbitration litigators were Karim A. Youssef (Youssef & Partners), Mohamed Salah Abdel Wahab (Zulficar & Partners), Ahmed El-Kosheri and Tarek Riad (Kosheri, Rashed […]
Posted inSpeed Round
It doesn’t look like Russian flights are resuming today
It doesn’t look like Russian flights are resuming today: Sources at Cairo International Airport tell Ahram Gate that authorities have not received word from Russia’s Aeroflot with a new date for the resurrection of the Cairo-Moscow air route. Previous statements from both Russia’s Deputy Prime Minister and Transportation Minister said that flights should resume today, […]
Posted inSpeed Round
Parliament discusses law setting framework for developers to settle building violations
LEGISLATION WATCH- Parliament’s Housing Committee is discussing legislation that would provide a framework for the government to settle building code violations with building owners and developers, Al Masry Al Youm reports. Housing Ministry inspectors are expected to attend today’s hearing on the law, which will have a limited mandate of three months and apply only […]
Posted inSpeed Round
Saudi Arabia rejects Qatari proposal of EU-style security pact
Saudi Arabia has no interest in an EU-style regional security alliance proposed by Qatar’s Emir on Friday, Foreign Minister Adel Al Jubeir said in Vienna yesterday on the sidelines of a meeting with his Austrian counterpart, according to Reuters.
Posted inSpeed Round
Correction- SICO not looking to IPO
CORRECTION- We had noted a story yesterday that device-maker SICO, which launched this week its low-cost, assembled-in-Egypt handset, is planning to list on the EGX. We have since been informed that the story, which ran in Al Mal and cites sources from SICO, is incorrect and that SICO has no plans at the moment to […]
Posted inUncategorized
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Posted inImage of the Day
In a formerly Russian city, China hosts annual ice festival
In a once-Russian city, China hosts annual ice festival: Famed for its massive illuminated ice sculptures, the annual Harbin ice festival in northern China is fashioned to make visitors “feel like Alice in a Chinese version of a Wonderland,” Sophy Roberts writes for the Financial Times. Harbin, which was once settled by Russia, attracts 15 […]
Posted inEGYPT IN THE NEWS
Women finding careers as driving instructors in Egypt
The conversation on Egypt in the international press this morning is dominated by talk of our emergence as a regional gas hub thanks to a USD 15 bn gas import agreement with Israel. We have chapter and verse in Speed Round and Last Night’s Talk Shows, above. Women in Egypt are leading a “gender revolution” […]