Breaking down trade barriers, backing loans for SMEs, encouraging boldness in bureaucrats and more at the Africa 2017 conference: A who’s who of Egyptian business gathered this weekend in Sharm El Sheikh for the 2017 edition of Egypt’s flagship conference on doing business with Africa. Plenty of news followed: CBE Governor Tarek Amer announced that […]
Author Archives: enterpriseam admin
EGPC signs 3 oil and gas exploration agreements worth USD 50 mn
The EGPC has signed oil and gas exploration agreements with three international companies worth a combined USD 50 mn, an Oil Ministry official tells Al Borsa. These include a USD 20 mn oil and gas exploration agreement with our friends at Apex International in the West Badr El Din concession in the Western Desert, a […]
Egypt looking to “great” citrus season, exporters say
The coming Egyptian citrus season “should be great,” Ahmed Abdelhady, from citrus exporter Citrozone, tells Freshplaza. “The volumes for Navel oranges are higher than last year. Last year we had a shortage, which had to do with weather related issues. We also have similar volumes for Valencia oranges,” he says. The EGP devaluation has helped […]
Sudan to lift its ban on imports of Egyptian products in January?
Will Sudan lift its ban on imports of Egyptian products by January 2018? Sudanese Investment Minister Mubarak Al Fadel tells Al Borsa that Egypt and Sudan have held several meetings to resolve the issue — and that Khartoum will likely lift the bans by the beginning of next year. According to Al Fadel, Sudanese Trade […]
Backlash against Trump continues over decision to relocate embassy to Tel Aviv
The backlash against US President Donald Trump’s decision to move the US embassy in Israel to Jerusalem from Tel Aviv continued to dominate the regional conversation over the weekend. In a nutshell: Reactions have been somber but relatively muted, barring diplomatic condemnations andPalestinian deaths as a result of protests and exchange of fire with Israeli […]
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Diver saves turtle from plastic bag
Local diver Nadim Samir did his part this week by saving a sea turtle from death by plastic. Samir was on a boat trip in the Red Sea when he happened upon a Pacific Green turtle with a plastic bag snared around its head and body, Egypt Today says. Apparently, turtles mistake plastic bags for […]
Two 3,500-year-old tombs uncovered in Luxor
Leading the conversation on Egypt in the foreign press this morning was the recent discovery of two c. 3,500 year-old tombs in Luxor. The Antiquities Ministry announced yesterday that the two tombs, which date to the 18th Pharaonic dynasty and are believed to belong to Ancient Egyptian nobility, were found near the west bank of […]
Campo Santo to release game based around Ancient Egypt
Campo Santo are launching a new game set in Ancient Egypt. The plot for Valley of the Gods is based around a group of filmmakers exploring an Ancient Egyptian valley back in the 1920s, according to AV Club. The trailer offers a glimpse into the stunning visuals players can expect when the game hits the […]
Egyptian delegation in Sao Paulo for Egyptian-Brazilian Business Forum
An Egyptian business delegation was in Sao Paulo for the Egyptian-Brazilian Business Forum this weekend, where they met with members of the Arab-Brazilian Chamber of Commerce and federation of industries, the Brazilian Development Bank, and the Investment Development Authority, a Trade and Industry Ministry statement said. Discussions centered around boosting trade activities, especially now that […]