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Snow has fallen on the Sahara desert in Algeria for the third time in 40 years, according to The Independent. The snow fell in the town of Ain Sefra on Sunday and covered the sand dunes with 40 cm of the gorgeous white stuff in some places. This marks the third year in a row […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt, Tanzania sign three MoUs
Egypt and Tanzania signed three cooperation agreements yesterday in tourism, agriculture, and diplomatic training, according to a Foreign Ministry statement. The MoUs were signed after a joint Egyptian-Tanzanian committee meeting, focused on bilateral relations, and a meeting between minister Sameh Shoukry and his Tanzanian counterpart, where discussions centered around boosting trade and economic relations, especially […]
Posted inDiplomacy + Foreign Trade
Delegation to visit Iraq for reconstruction “soon”
A delegation of Egyptian firms will visit Baghdad “soon” to assess their potential contribution to reconstruction efforts in Iraq, Foreign Minister Sameh Shoukry, according to Al Mal. Egypt’s participation in reconstruction efforts in a number of regional countries mired by conflict, particularly in Syria and Libya, is becoming one of the country’s most important foreign […]
Posted inEnergy
DEA looks to expand Egypt investment with new projects in Gulf of Suez, Dissouq
German oil and gas outfit DEA is looking to expand its investments in Egypt, CEO Maria Hanssen told Oil Minister Tarek El Molla during a meeting in Cairo yesterday, Youm7 reports. The company is primarily interested in pumping new investments in Dissouq and the Gulf of Suez, particularly after its upcoming merger with Germany’s Wintershall.
Posted inBasic Materials + Commodities
GASC manages to hold wheat tender after clearing fee issues with suppliers
State grain buyer the General Authority for Supply Commodities (GASC) received seven bid in its first wheat tender of the year following additional negotiations that contractual issues will be amended, the head of the Institute for Agricultural Market Studies (IKAR), Dmitry Rylko, told Interfax. “The difficulty arose from Egypt's attempt to begin enforcing a little-used […]
Posted inBasic Materials + Commodities
Centamin produced 544.7k oz of gold from Sukari in 2017, expects 580k oz in 2018
Centamin announced that its 2017 full year production from the Sukari gold mine was 544.7k ounces, higher than the guidance of 540k, according to a company statement. The company expects 580k ounces of gold to be produced from Sukari in 2018, with the mine plan forecasting a relatively balanced quarterly production profile over the year. […]
Posted inManufacturing
El Sisi meets with Caterpillar CEO to discuss participation in national projects
President Abdel Fattah El Sisi met yesterday with the Caterpillar CEO Jim Umpleby to discuss the company’s potential participation in national projects, Ittihadiya said in a statement (pdf). “The meeting touched on prospects for cooperation with Caterpillar Inc. in multiple fields, in addition to the company’s future investment plans in the country,” the statement says. […]
Posted inHealth + Education
Higher Education and Military Production to establish medical equipment company
The Higher Education and Military Production Ministries are establishing a company that will manufacture medical equipment and prosthetics, according to Al Mal. The company is part of a broader strategy to bring scientific research and know-how to industry.
Posted inTourism
TUI to add a weekly flight from Birmingham to Hurghada May 2018
Travel industry giant TUI is adding a weekly flight to Hurghada from Birmingham for the summer months starting in May, according to The Birmingham Mail. The airline already has the route flying every Monday but the addition of the new line every Friday will allow 10-night vacation packages to the destination. Demand out of the […]
Posted inAutomotive + Transportation
Several MPs continue to voice objections to AFD’s Alex tram loan
Several MPs are still voicing their objections to the French Development Agency’s EUR 100 mn loan to finance the Alexandria tram project, Al Mal reports. MP Haitham El Hariri claims that the project was not studied thoroughly enough, and that repaying the loan will be burdensome for state coffers. The House of Representatives already signed […]