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An Orascom Construction consortium with Engie and Toyota Tsusho Corporation / Eurus Energy Holdings Corp. has reached financial close for a 250 MW build-own-operate (BOO) wind farm in Ras Ghareb. Orascom Construction has a 20% stake in the project. Orascom says “non-recourse project financing is provided by The Japan Bank for International Corporation (JBIC) in […]
Author Archives: enterpriseam admin
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 inImage of the Day
Exhibition: Egypt as you’ve never seen it before
Egypt as you’ve never seen it before: We’re dating ourselves here, but coming up in journalism, we were told, “Everything looks better in black and white.” In an era of super-saturated color and HDR photography, it’s taken our friend, the artist Romany Hafez (Instagram), to remind us that that adage is nowhere more true than […]
Posted inEGYPT IN THE NEWS
GERD will be completed, upstream countries gaining leverage -Stratfor
Egypt will continue to maintain an aggressive stance toward Ethiopia on the Grand Ethiopian Renaissance Dam (GERD) in an attempt to force Ethiopia to capitulate to Cairo's demands, but the dam will be completed, according to a Stratfor Worldview report (paywall). Upstream countries have shifted the balance of power among Nile basin countries and are […]
Posted inEGYPT IN THE NEWS
Egypt a “terrible ally” to US, NYT guest columnists say
Egypt is a “terrible ally” to the US, Andrew Miller and Richard Sokolsky write in a guest editorial for The New York Times, calling for a cut in the military aid package. “American and Egyptian interests are increasingly divergent and the relationship now has far less common purpose than it once did.” Miller and Sokolsky […]
Posted inEGYPT IN THE NEWS
Egyptian restaurant impresses in Hong Kong
In Hong Kong and craving some Egyptian food? Apparently there is an Egyptian family-run restaurant there called Aziza in Kennedy Town, Marc Rubinstein reviews for Coconuts. Rubinstein says the food there is “skillful and delicious and demonstrates the care of a family that wants to show customers the best of homemade Egyptian cuisine without cutting […]
Posted inOn Deadline
El Sisi agreeing to meet Pence would reaffirm Egypt’s weakness on internal and external issues
President Abdel Fattah El Sisi agreeing to meet US Vice President Mike Pence would reaffirm Egypt’s weak position on both external and internal issues, say Al Shorouk’s Emad El Din Hussein and El Watan’s Hazem Mounir. In light of the ongoing troubles over Jerusalem, El Sisi’s planned meeting with Pence would be a continuation of […]
Posted inDiplomacy + Foreign Trade
US vetoes Egypt-drafted resolution to nullify Jerusalem declaration
The US vetoed yesterday an Egypt-sponsored UN Security Council resolution condemning the US’ unilateral move to recognize Jerusalem as Israel’s capital, Reuters reports. The remaining 14 members of the council voted in favor of the motion, which also called on other countries to refrain from moving their embassies in Israel to Jerusalem. US Ambassador to […]
Posted inDiplomacy + Foreign Trade
Egypt signs JPY 993 mn grant for E-JUST with JICA
Egypt gets JPY 993 mn grant from Japan for Egypt-Japan science university: Investment and International Cooperation Minister Sahar Nasr signed yesterday a JPY 993 mn (USD 8.8 mn) grant agreement with the Japanese International Cooperation Agreement (JICA) for the Egypt-Japan University of Science and Technology, according to a ministry statement. Nasr is currently in Tokyo […]
Posted inEnergy
Shell in talks with Oil Ministry to increase its share of gas produced at Phase 9B
Shell has apparently entered talks with the Oil Ministry to increase its share of gas produced to offset their investment costs from Phase 9B of the West Delta Deep Marine Concession, government sources tell Al Borsa. The company is looking to recoup the investment costs of developing the concession sooner, they added. The company plans […]