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The nation must choose between security, stability, and economic growth on one hand, and democracy and freedoms on the other hand, Ziyad Bahaa El Din writes for Al Shorouk. He argues that voting for President Abdel Fattah El Sisi in the upcoming March election means approving the continuation of the current restrictions on political action […]
Author Archives: enterpriseam admin
Posted inWorth watching
Ben & Jerry’s vs. Häagen-Dazs
Ben & Jerry’s vs. Häagen-Dazs — the corporate war you probably never heard of: Readers of Enterprise know we are fond of corporate wars, which are every bit as interesting as real ones. We also love ice cream (who doesn’t), a fact that makes this week’s documentary selection all the more interesting. When it comes […]
Posted inDiplomacy + Foreign Trade
Egypt opens Rafah border crossing in one direction
Egypt opened the Rafah border crossing in one direction for one day yesterday to allow Palestinian citizens stranded in Cairo to return to the Gaza Strip, security sources said, Al Shorouk reports. Citizens were not permitted to cross from Gaza to Egypt. This comes amid a flare-up in cross-border violence between Gaza and Israel that […]
Posted inDiplomacy + Foreign Trade
Sameh Shoukry meets with members of the US Foreign Affairs Committee
Shoukry meets with members of the US Foreign Affairs Committee: Foreign Minister Sameh Shoukry discussed regional security developments with member of a US Congress delegation yesterday, that included House Foreign Affairs Committee Chairman Ed Royce and MENA Affairs Committee Chairman Paul Cook, according to a ministry statement.
Posted inDiplomacy + Foreign Trade
Tarek Kabil talks cooperation with his Swedish counterpart
Trade and Industry Minister Tarek Kabil met with Swedish counterpart Ann Linde in Cairo yesterday to discuss bilateral cooperation, according to a ministry statement.
Posted inEnergy
Government receives 18 offers for 600 MW West Nile solar power station
The government has reportedly received 18 offers for 600 MW-worth of solar power projects it had tendered in the West Nile area last December, Al Borsa reports. The list of suitors includes Toyota Tsusho, Orascom, a Scatec Solar and Azuri Power consortium, as well as GCL New Energy, a Masdar-Genco consortium, NTPC Limited, and EDRA. […]
Posted inEnergy
Three renewable energy companies looking to build USD 400 mn-worth of projects under IPP framework
The Electricity Ministry has reportedly received three separate offers from an Egyptian, Chinese, an Emirati company for new renewable energy projects worth a combined USD 400 mn, ministry sources tell Al Borsa. The companies are looking to build wind and solar power plants under an Independent Power Producer (IPP) framework, which allows them to directly […]
Posted inBasic Materials + Commodities
Gov’t to set local wheat buying price in March
The government will set the price of buying local wheat in March, one month ahead of the harvest, the Agriculture Ministry announced, according to Reuters. “The world’s biggest wheat importer did not specify whether it would retain a system where it ties the local buying price to world prices, or return to a system where […]
Posted inHealth + Education
October Pharma board approves setting up a UAE branch
October Pharma’s board of directors granted preliminary approval yesterday to setting up a branch of the company in the United Arab Emirates, the company announced in a disclosure to the EGX (pdf). The company will study the plan’s financial and legal feasibility before the board takes a final vote, according to the statement.
Posted inTourism
InterContinental request 1,000 rooms in New Alamein
InterContinental Hotels Group has apparently approached the Housing Ministry to land management rights to as many as 1,000 hotel rooms in Egypt at three hotels in New Alamein City, Minister Mostafa Madbouly said yesterday, according to Al Borsa. The properties would be managed under the InterContinental, Holiday Inn, and Staybridge Suites brands. No further details […]