Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
France nominates Egypt for Syria contact group, rest of Big Five refuse: France nominated Egypt as one of the countries to bring into the contact group on Syria in the future, but the UN Security Council’s permanent five members “did not see eye to eye on this matter,” France’s ambassador to Russia tells TASS. Paris […]
Author Archives: enterpriseam admin
Posted inEnergy
Electricity Ministry to finalize establishment of nuclear power authority in January
The Electricity Ministry is planning to finalize the establishment of the nuclear power industry regulator in January, a ministry source said, Al Mal reports. The ministry will appoint the authority’s members and leaders by that time to allow the body to begin supervising the Dabaa nuclear power plant, according to the source. While the authority […]
Posted inEnergy
Renewable energy companies plan expansion and CAPEX growth in 2018
A number of renewable energy companies have announced plans to increase their investments in 2018 and expand regionally, Al Mal reports. Desert Technologies appears to be spending the most out of the three who spoke to the newspaper. The company plans to spend EGP 1.8 bn in 2018 on three new projects, said the company’s […]
Posted inEnergy
IMC, UNDP to establish grid-connected photovoltaic power system
The Industrial Modernization Center (IMC) is establishing a photovoltaic power system that will be connected to the national power grid, Al Ahram reports. The project, which the IMC will develop in cooperation with the UNDP, entails installing solar panels on the roofs of public buildings, private homes, and small and medium factories, according to Egypt […]
Posted inInfrastructure
EBRD to fund USD 300 mn desalination plant in Ain Sokhna
Suez Canal Authority head Mohab Mamish reached an agreement with the European Bank for Reconstruction and Development (EBRD) last week to fund a USD 300 mn desalination plant in Ain Sokhna, Al Masry Al Youm reports. The amount will be used to cover feasibility studies and the costs for the construction of the plant. Mamish […]
Posted inManufacturing
LG Egypt studying assembly of cell phones
LG Egypt is conducting feasibility studies on a new domestic production line for cell phones, CEO Don Kwak tells Al Masry Al Youm. Market circumstances and overall economic stability will be important determining factors for the project, Kwak said, without adding further detail on the timeline for the studies or the project’s size or value.
Posted inHealth + Education
Speed Medical to open labs in five African countries
Lab and diagnostic testing company Speed Medical plans to open shop in five African countries over the coming five years with investments of up to EGP 125 mn, said company head Mahmoud Lashin. The company is planning new labs in Sudan, Libya, Morocco, Kenya and Uganda, he tells Al Borsa.
Posted inHealth + Education
Egypt to try and bring Finnish educational framework home
Education Minister Tarek Shawki is visiting Helsinki in 1Q2018 to meet with his Finnish counterpart and discuss bringing the Finnish educational framework to Egypt, Al Mal reports. Egypt is also working on bringing schools online that follow Japanese teaching and learning modules, but the Education Ministry had postponed the launch of the first facility from […]
Posted inReal Estate + Housing
Giza General Contracting approves establishing EGP 50 mn real estate investment unit
The board of Giza General Contracting and Real Estate Investment Company approved establishing a EGP 50 mn real estate investment arm on Monday, the company said in a bourse disclosure.
Posted inTourism
Archaeologists find 27 statues of Ancient Egyptian goddess Sekhmet in Luxor
A group of Egyptian and European archaeologists unearthed 27 statues of the Ancient Egyptian lioness goddess Sekhmet while excavating King Amenhotep III’s funerary temple in Luxor’s Kom El Hetan, Ahram Online reports.