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No one anticipated how bleak the air quality situation in Cairo would get, according to a piece by UN Environment. “If the Nile is Cairo’s ailing heart, then polluted skies are its black lungs… The economy is taking a pummeling, with poor air quality knocking off at least one per cent of gross domestic product […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Ibrahim Eissa and Mahmoud Saad among popular media figures returning to television
Ibrahim Eissa and Mahmoud Saad are among the popular media figures set to return to TV this month after being taken off-air for criticizing the regime, Sarah El Shalakany writes for Al Monitor. “The regime would like to exploit their return prior to the presidential election to show that [President Abdel Fattah El] Sisi is […]
Posted inWorth watching
Saudi needs to up their CGI game
Saudi needs to up their CGI game: When you’re considered one of the richest states in the world, and a regional power vying for prestige, perhaps it is not wise use computer animation technology of 1980s-quality for your propaganda. But that’s exactly what the Saudis appear to have done with this god-awful video (watch, runtime: […]
Posted inDiplomacy + Foreign Trade
US facing criticism after vetoing SC resolution against Jerusalem proclamation
The US is facing criticism after vetoing the Egypt-drafted UN Security Council resolution against proclaiming Jerusalem as Israel’s capital, Charlie May writes for Salon. “Even as the 14 other council members, many who are traditionally strong U.S. allies, told the U.S. it had jeopardized the opportunity for a peace process, and threatened stability in the […]
Posted inEnergy
NREA looking to split into a holding company, regulator
The New and Renewable Energy Authority (NREA) is looking to restructure itself and split into two separate entities, Chairman Mohamed El Khayat said, according to Al Shorouk. NREA aims to split into a holding company and the second as a regulatory agency called the Sustainable Energy Authority. The holding company would be tasked with managing […]
Posted inEnergy
Military Production Ministry in talks to fund EGP 2 bn PV solar panel factory
The Military Production Ministry is in talks with 10 banks and financing institutions to participate in funding its EGP 2 bn PV solar panel factory in Edfu, deputy head of the National Organization for Military Production Ahmed Mansour tells Al Borsa. No details were provided on which institutions the ministry is currently in talks with, […]
Posted inEnergy
AfDB looking to offer funding for 600 MW solar power projects in Upper Egypt
The African Development Bank (AfDB) is looking into offering USD 25-30 mn in funding for solar power projects in Upper Egypt with a combined production capacity of 600 MW, AfDB Vice President Khaled Sherif tells Al Borsa. Two international companies have already submitted financing requests to the bank for the projects, which the Egyptian Electricity […]
Posted inBasic Materials + Commodities
Ukraine’s Nibulon to help with grain logistics in Egypt
Ukrainian grains and oilseeds producer Nibulon signed a memorandum of cooperation with UN FAO in Cairo “to increase the efficiency of Egyptian companies, engaged in production of cereals, their storage and transportation,” UkrAgroConsult reports. “the company will participate in industry trainings in Egypt and Serbia to improve grain storage and logistics for young professionals; international […]
Posted inBasic Materials + Commodities
Food producers exported USD 2.57 bn worth of food in first 11 months -FEC
Food exports from Egypt registered USD 2.57 bn in the first 11 months of the year, growing 4.6% y-o-y, according to the Food Export Council, as reported by Al Shorouk. The largest importer of Egyptian food products was Saudi Arabia, followed by Libya, Jordan, and the UAE, the report notes.
Posted inHealth + Education
Pharma companies, Health Ministry negotiate alternatives to med price increases
Pharma companies have begun proposing to the Health Ministry several alternatives to raising med prices that would help manufacturers reduce their losses, chairman of the Federation of Egyptian Industries’ pharma division Ahmed El Ezaby tells Al Mal. The proposals include only raising prices on meds that were not affected by the last price hikes in […]