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The Transport Ministry plans to hike railway tickets by 20-25% and will also raise prices on shorter train runs, minister Hisham Arafat announced yesterday. The short-distance train routes are the biggest drain of resources at Egyptian National Railways, Arafat said, explaining that the price hikes will help support upgrades and new railway projects that will […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Electricity, environment ministries agree to set FiT for waste-to-energy projects at EGP 1.30-1.60
The electricity and environment ministries have reportedly agreed to set the feed-in tariff for waste-to-energy projects at EGP 1.30 per kWh produced from agricultural waste and EGP 1.60 per kWh produced from solid waste, unidentified sources tell Al Mal. The Environment Ministry is looking to pay EGP 1 per kWh and have the Finance Ministry […]
Posted inSpeed Round
Ali Okda appointed CEO of Travco Travel Company of Egypt
CORRECTION-Ali Okda was appointed CEO of Travco Travel Company of Egypt, not Travco Group as we noted yesterday. We’ve corrected the entry on our website. H/t Yara S.
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inEGYPT IN THE NEWS
2018 begins on a high note for Egypt
2018 begins on a high note for Egypt, with record number of tourists visiting Luxor, flights with Russia resumed, and the inauguration of the Zohr gasfield, Gavin du Venage writes for The National. “From a macroeconomic perspective, things are looking up for Egypt, and the reform programme it has embarked on seems to be paying […]
Posted inOn Deadline
Shafik’s candidacy withdrawal and what it means for this year’s presidential elections
The nation’s columnists are focused on Ahmed Shafik’s withdrawal of his candidacy and what it means for this year’s presidential elections. Shafik’s candidacy should never have been taken seriously, especially due to the bizarre circumstances surrounding it and the unconvincing reasons he gave for withdrawing, says Al Masry Al Youm’s Soliman Gouda. Regardless of his […]
Posted inWorth watching
Black Mirror returns stronger than ever with a shorter, more meaningful season
Black Mirror returns stronger than ever with a shorter, more meaningful season: Black Mirror Season 4 was the best gift Netflix gave us this Christmas season. The fourth round of this through-the-looking-glass, tech-focused anthology series takes us down some even murkier moral and existential routes than last season, exploring everything from sentient AI, surveillance and […]
Posted inWorth reading
Enterprise Book Club presents: Valiant Gentleman
Enterprise Book Club presents: Valiant Gentleman. When we weren’t melting out brain cells by watching others do the same on Black Mirror, some of us proudly took the time to indulge in some reading this holiday season — masochists that we are after a year of reading news. Among the gems recommended to us was […]
Posted inDiplomacy + Foreign Trade
Shoukry meets Irish Foreign Affairs and Trade Minister to discuss Palestine crisis
Foreign Minister Sameh Shoukry met with Ireland’s Foreign Affairs and Trade Minister Simon Coveney in Cairo yesterday to discuss developments in the Palestinian-Israeli crisis, and Shoukry relayed Egypt’s vision and efforts to resolve the issue, according to a ministry statement. Coveney is heading to Ramallah and Tel Aviv after his trip to Cairo concludes tomorrow. […]
Posted inEnergy
ACWA Power reaches financial close for three solar power plant projects in Benban
ACWA Power announced it reached financial close for three solar PV power plant projects under the second round of the feed-in tariff program. The three projects have a total capacity of 165.5 MW at a total investment value of USD 190 mn. 75% of the project cost is financed through a non-recourse project debt from […]