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INVESTMENT WATCH- German energy group DEA plans to invest nearly USD 500 mn in developing its oilfields in Egypt over the next three years, CEO Maria Moraeus Hanssen told journalists in Cairo on Saturday. “We intend to pump around USD 500 mn over the next three years in Egypt to develop the West Delta, Desouk […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Shuaa Capital appoints Ahmed Shehata as Head of Research
MOVES- Shuaa Capital has appointed Ahmed Shehata to head the technical analysis team at its soon-to-launchEgypt office, Al Borsa reports. Shehata had been head of the Egyptian Society of Technical Analysts since 2015.
Posted inSpeed Round
Pay your electricity bill at the post office
You can now pay your electric bill at the post office or through e-payment platforms: The Electricity Ministry announced yesterday that it has made bill payment and smart-meter recharge services available through 150k points of sale nationwide, including post office branches, and e-payment platforms such as e-Finance and others including Tamam, Aman, Masary, and Bee. […]
Posted inSpeed Round
Dana Gas sees profits after Egypt, Kurdistan make payments
EARNINGS WATCH- Dana Gas saw net profits of USD 83 mn in FY2017, up from a net loss of USD 88 mn in FY2016, largely on the back of payments from Egypt and the Kurdistan Regional Government, according to Reuters. Dana, which has struggled to collect receivables from Kurdistan and Egypt over the past four […]
Posted inSpeed Round
Arabic SNL suspended by The Supreme Council for Media Regulation
The Supreme Council for Media Regulation suspended Arabic SNL as of yesterday based on recommendations from two of its committees, according to Al Shorouk. The committees said the show uses too many [redacted] references that are not appropriate for viewers.
Posted inSpeed Round
Turkey playing spoiler on East Med gas development, said to have deployed ship to block Eni-chartered vessel from entering Cypriot EEZ
Turkey is flexing its muscles to intimidate East Med gas development: In an escalation of Turkey’s bid to disrupt gas development in Cyprus’ Economic Exclusion Zone (EEZ), which it deems illegal, the Turkish military has blocked since Friday a drill rig contracted by Eni from approaching an area to explore for natural gas, the Cypriot […]
Posted inSpeed Round
Russian airliner crashes, killing 71
A Russian passenger plane crashed after it reportedly exploded shortly after takeoff from Moscow's Domodedovo airport yesterday, killing all 65 passengers and six crew members on board, Reuters reports.
Posted inUncategorized
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Posted inEGYPT IN THE NEWS
Sinai anti-terror operation, Tillerson visit dominate coverage of Egypt in the foreign press
The Armed Forces’ sweeping anti-terror operation in North Sinai continues to dominate coverage of Egypt in the foreign press this morning, followed by US State Secretary Rex Tillerson’s arrival in Cairo yesterday to kick off his Middle East tour, an undertaking that was already “daunting” before the collision between Israel and Iran at the Syrian […]
Posted inEGYPT IN THE NEWS
Screaming Mummy mystery revealed
Experts believe they have solved the mystery of the ‘Screaming Mummy,’ according to The Sun. The mummy, which was buried with other royals and covered in sheepskin, was deprived of a proper burial but later pitied by someone. Other stories worth noting in brief: Al Jazeera English takes a look at Washington's “weak” stance on […]