Author Archives: enterpriseam admin

Egypt still publicly supports Palestine’s claim to Jerusalem: President Abdel Fattah El Sisi told US Vice President Mike Pence during a meeting in Cairo yesterday that Egypt’s position on Palestine’s claim to Jerusalem is “unyielding,” according to an Ittihadiya statement (pdf). El Sisi stressed that Cairo is still backing a two-state solution. The best readout […]

President Abdel Fattah El Sisi appointed Maj. Gen. Abbas Kamel as interim chief of the General Intelligence Service, Reuters reports. “The report did not immediately mention Khaled Fawzi, who was serving as chief of the General Intelligence before Thursday’s announcement.” Kamel is currently El Sisi’s chief of staff at Ittihadiya. “The change comes month after […]

El Sisi’s sit-down in Cairo late last week with Ethiopia’s visiting prime minister was nearly lost amid the Pence visit, election talk and shakeup at the intelligence service, but it’s our upstream neighbor that could well have the sharpest long-term impact on our nation. The president expressed “extreme concern” to Ethiopian Prime Minister Hailemariam Desalegn […]

Health Ministry reverses sanction of As-Salam International Hospital: The Health Ministryis backing down from a one-month disciplinary closure of the As-Salam International Hospital imposed on Thursday. The order followed a complaint by an emergency patient’s family that the hospital had required them to sign an EGP 500,000 IOU to initiate treatment, Ahram Online reports. Sources […]

Cleopatra Hospitals Group outlines case for acquisition of El Nozha Int’l: Cleopatra Hosptials Group, one of Egypt’s largest private-sector hospital operators, gave more colour on its bid for El Nozha International Hospital in a release issued Thursday (pdf). “El Nozha is exactly the type of accretive acquisition we are seeking: A physician-founded and physician-led facility […]

The Supply Ministry is planning to raise Egypt’s wheat storage capacity 3.9 mn tonnes by 2022, ministry officials said at the state of the nation conference which took place over the weekend, Al Mal reports. Supply Minister Ali El Moselhy had said late last year that the ministry is looking to develop 75 wheat silos […]

Waste-to-energy projects are now getting green light, following in footsteps of solar and win: Following a number of high profile investments last year in solar and wind energy projects, waste-to-energy (WtE) projects appear to be the next hot investment in alternative energy, with a number of projects getting greenlit. First of, an OTMT-LafargeHolcim consortium is […]

Mansour Group and Scope Investment will begin selling Peugeot cars in April, said Yehia El Saba, GM of El Saba Automotive — one of four Egyptian companies who have been selected to conduct after sales services for Peugeot cars in Egypt. El Seoudi Group, Wahdan Auto Group, and Nour El Din El Sherif For Trading […]

LEGISLATION WATCH- House signs off on law granting IDA autonomy from Trade and Industry Ministry: The House of Representatives signed off on legislation regulating the work of the Industrial Development Authority, Al Borsa reports, citing a Trade and Industry Ministry statement. The law grants the agency financial and administrative independence from the ministry, which would […]