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Military’s Sinai offensive tops coverage of Egypt: The military’s “massive security operation” against militants in the Sinai naturally topped coverage of Egypt in the foreign press this morning, with most seeming to focus on its scale and size. The story was widely picked up by news outlets including The New York Times, VOA, and ABC […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt’s ‘Alien’ honeybees may cause some plants to go extinct
‘Alien’ honeybees in Egypt may cause some plants to go extinct: The introduction of invasive bee species into South Sinai’s St Katherine Protectorate region may be killing off some plant species and native bees in the area, researchers from Anglia Ruskin University in England have found, according to The Daily Mail.
Posted inDiplomacy + Foreign Trade
Sudan’s ambassador to Cairo to return “very soon”
Sudan and Egypt back to being brothers again...until next time: Sudan’s ambassador to Egypt will return to Cairo “very soon,” Sudan’s Foreign Minister Ibrahim Ghandour said last Thursday, The Associated Press notes. Sudan had recalled its ambassador to Egypt for consultation last month amid souring ties between the two countries. The statement follows a meeting […]
Posted inDiplomacy + Foreign Trade
Kabil, Banna to visit KSA to resolve imports ban
Kabil, El Banna to visit KSA to resolve imports ban: Trade and Industry Minister Tarek Kabil and Agriculture Minister Abdel Moneim El Banna are planning to lead a delegation to Saudi Arabia soon to discuss its bans on imports of Egyptian strawberries and peppers over residual pesticides, Al Shorouk reports. Saudi Arabia is the only […]
Posted inDiplomacy + Foreign Trade
Egypt in talks with Saudi, Kuwait to extend USD 4 bn in deposits
Egypt is in talks with Saudi Arabia and Kuwait to extend the tenor of USD 4 bn in deposits, unnamed government sources tell Al Masry Al Youm on Friday. Saudi and Kuwait each hold USD 2 bn in deposits, which are due in 2018, the source added. The UAE had approved extending USD 2.6 bn […]
Posted inDiplomacy + Foreign Trade
Investment Ministry, SFD sign agreements worth EGP 250 mn to fund SMEs
Investment Minister Sahar Nasr and the Saudi Fund for Development signed last week two agreements worth EGP 250 mn with EFG Hermes Leasing and Plus Leasing, according to a ministry statement (pdf). The two agreements are geared towards funding SMEs, the Saudi embassy in Cairo said in a statement (pdf).
Posted inDiplomacy + Foreign Trade
EP denounces “absence of progress” in Regeni case
The EU Parliament issued a number of scathing condemnations on Egypt in a plenary session on Thursday over the use of capital punishment and mass trials being conducted by Egyptian courts. The resolution also came with a denouncement of the “absence of progress” in the investigation into Italian student Giulio Regeni’s murder, ANSA reports.
Posted inDiplomacy + Foreign Trade
Egypt opens border crossing with Gaza for first time in 2018
The border crossing with Gaza was opened temporarily for the first time this year on Wednesday night, The Associated Press reports. The Palestinian embassy in Cairo confirmed the news. As thousands jammed the border crossing, Hamas chief Ismail Haniyeh also arrived in Cairo over the weekend to discuss border security procedures with Egyptian security officials, […]
Posted inEnergy
Orascom, Toyota consortium awarded 20-year power production license for wind farm project
The Egyptian Electric Utility and Consumer Protection Agency (Egyptera) has reportedly awarded an Orascom Construction consortium with GD France and Toyota a 20-year power production license for the 250 MW wind farm they’re building in the Gulf of Suez. The consortium, which has reached financial close on the project, will be selling power to the […]
Posted inInfrastructure
Housing Ministry, Schneider Electric to develop water and sewage stations
Schneider is angling for government contracts to develop water and sewage treatment plants, Al Mal reports, noting a sit-down between Housing Minister Mostafa Madbouly and Schneider’s Regional Head of North East Africa and Levant, Walid Sheta.