Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
Organization of Islamic Cooperation (OIC) Secretary General Yousef bin Ahmed Al Othaimeen met with President Abdel Fattah El Sisi yesterday to discuss regional challenges, such as the stalled Middle East Peace Process and counterterrorism, according to an Ittihadiyah statement (pdf). Al Othaimeen, who’s in Cairo to attend an Azhar conference on Jerusalem today, also met […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Atta Investment Group signs MoUs with South Sudan
Atta Investment Group signed an MoU with the South Sudanese state of Jubek for the establishment of a 116 sqkm industrial investment zone, according to AMAY. The agreements would also see both parties cooperate on increasing imports to the zone from Egypt.
Posted inEnergy
Zhejiang Chint awarded USD 147.2 mn in projects in Benban, NEXTracker to supply single-axis trackers
China’s Zhejiang Chint Electrics announced that one of its subsidiaries was awarded photovoltaic solar power plant projects worth USD 147.2 mn in Egypt in Benban. The awards are for three projects with ACWA Power, Alcom Energy, and TK for Solar Energy. Separately, NEXTracker saidit is going to supply its single-axis trackers to a project in […]
Posted inEnergy
Cable seal manufacturer Roxtec secures role on BP West Nile Delta project
Cable seal manufacturer Roxtec has secured a role on the BP West Nile Delta gas production project in Egypt, Oilfield Technology reports. “Roxtec is supplying a range of products for this major development … This includes galvanised bolted Ex frames along with multi-cable and pipe transits,” Roxtec UK Managing Director Clive Sharp says.
Posted inBasic Materials + Commodities
GASC purchases 295k tonnes of Russian wheat in global tender
The General Authority for Supply Commodities (GASC) purchased 295k tonnes of Russian wheat in an international tender yesterday, Reuters’ Arabic service reports.
Posted inTourism
166 King Tut artefacts cleared to go to California
Prime Minister Sherif Ismail issued a decree clearing 166 artefacts from the Tutankhamun exhibition to go on display in California, according to Youm7. The ‘King Tut: Treasures of The Golden Pharaoh’ exhibition will run in The California Science Center from 22 March 2018 until 6 January 2019. The artefacts will remain under the supervision of […]
Posted inTelecoms + ICT
Linatel in talks with TE to build its mobile network
Linatel Telecommunications is days away from resuming talks with Telecom Egypt (TE) over the establishment of the operator’s mobile network infrastructure, CEO Hamdy El Leithy tells Daily News Egypt. The company began negotiations with TE last year. TE has been using infrastructure belonging to private-sector mobile network operators, under domestic roaming agreements, since it launched […]
Posted inBanking + Finance
NBE to divest assets worth a total EGP 250 mn in 2018
The National Bank of Egypt is looking to divest its stake in assets worth a total EGP 250 mn during 2018, Vice Chairperson Yehia Aboul Fotouh said yesterday, according to Al Mal. Proceeds will be reallocated to more profitable investments, he added, noting that the NBE is also in talks to launch a leasing arm […]
Posted inOther Business News of Note
G+D wins EUR 260 mn CBE contract to build a new mint in the new capital
German firm Giesecke+Devrient was awarded a EUR 260 mn contract by the CBE to build a production and processing plant for bank notes in the new administrative capital, according to Telecom Paper. The project, which includes IT and security systems, is set for completion in 2020 and will shoulder the majority of the country’s banknote […]
Posted inOther Business News of Note
MM Group signs agreement to sell Bosch appliances in Egypt
MM Group for Industry and Intrenational Trade (MTI) announced signing a distribution agreement with household appliance producer BSH Group, according to a bourse disclosure. The agreement will allow MTI to offer Bosch-branded, with sales planned to start in February 2018 and expected to add in-excess of EGP 200 mn in sales during the year.