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A 12 meter Fin whale washed up on Roshdy beach in Alexandria over the weekend, according to Ahram Online. The creature is believed to be native to the Atlantic ocean and probably came in through the Straits of Gibraltar. The whale is estimated to have been 7-8 years old; experts think it may have been […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt denies NYT claims that Egypt signalled “tacit acceptance of Jerusalem move”
The biggest story on Egypt in the international press this morning is the State Information Service’s reaction to a New York Times piece by former Cairo bureau chief David Kirkpatrick. The story, published yesterday, alleges the Sisi administration tacitly accepted the White House’s move to effectively recognize Jerusalem as the capital is Israel. The SIS […]
Posted inEGYPT IN THE NEWS
Egypt could replace Qatar as the main supplier of LNG to the UAE and Oman
Egypt could replace Qatar as the main supplier of LNG to the UAE and Oman once we reach self-sufficiency by the end of the year, The National’s Jennifer Gnana says. Egypt’s imports of LNG have declined as it increases domestic production, but demand in other countries in the region is expected to continue increasing as […]
Posted inEGYPT IN THE NEWS
Regeni’s Cambridge professor brought to center of row, to be questioned this month
Investigations of the murder of Italian student Giulio Regeni are bringing his professor at Cambridge University to the center of the row, Stephanie Kirchgaessner and Ruth Michaelson write for The Guardian. Maha Abdelrahman, who served as Regeni’s tutor, “has been a favourite target of Italian press reports, who have painted her as willfully resisting demands […]
Posted inDiplomacy + Foreign Trade
Indonesia’s embassy says coffee exports to Egypt should increase
Indonesian producers should export more coffee to Egypt, Indonesia’s Embassy in Cairo said, according to Antara. “Consumption of coffee in Egypt is very high, and we encourage young exporters to seize opportunities to export coffee bean products to Egypt,” Ambassador Helmy Fauzy remarked.
Posted inDiplomacy + Foreign Trade
Shoukry in Amman for meetings on Jerusalem
Foreign Minister Sameh Shoukry was in Amman on Saturday to participate in discussions on Jerusalem, where he also met with Saudi counterpart Adel Jubeir for bilateral and regional discussions, including the situations in Syria and Libya. discuss other developments in the region including the Horn of Africa, Syrian negotiations and Libya as well as regional […]
Posted inEnergy
20 companies express their interest in 600 MW solar power projects in West Nile
20 regional and international companies have expressed their interest in bidding for solar power projects in West Nile with a combined production capacity of 600 MW, Al Borsa reports. The companies include Scatec Solar, an Elsewedy Electric-Marubeni consortium, PowerChina, ACWA Power, and SkyPower. The Egyptian Electricity Transmission Company (EETC) had tendered the project last month, […]
Posted inBasic Materials + Commodities
Abu Qir Fertilizers in talks for an EGP 3.5 bn loan, lists expansion plans
Abu Qir Fertilizers is in talks with a consortium of local banks over a USD-denominated loan worth EGP 3.5 bn, according to a bourse disclosure. The funding will be used to clear bottlenecks in acid and nitrate plants. The company is also expected to inaugurate its industrial waste treatment project in 1Q2018 to reduce its […]
Posted inBasic Materials + Commodities
Centamin expects to pay EMRA USD 137 mn in 2018
Centamin plans on paying the Egyptian Mineral Resources Authority (EMRA) USD 137 mn in profits and royalties from the Sukari gold mine in 2018, General Manager Youssef El Raghy told Youm7. He estimates that the shared profit will amount to USD 115 mn, with biannual royalties at USD 22 mn. The mine is expected to […]
Posted inHealth + Education
Nile Pharma to invest EGP 40 mn in developing two production lines
Nile Pharma is planning to invest EGP 40 mn during the 2017-18 fiscal year to develop two production lines to increase output and boost revenues, Al Mal reports. The company plans to invest additional profit in enhancing its export capacity and financing the purchase of raw materials. Nile Pharma is eyeing new export markets in […]