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MOVES- Nour-Eldin Zaki was appointed as the new managing director of Intel for Egypt and the Levant region, succeeding Sameh El Mallah, Al Mal reports. Zaki was previously director of consumer sales and Africa lead at Intel.
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt lands in the group of its dreams at the 2018 FIFA World Cup draw
Egypt lands in the group of its dreams at the 2018 FIFA World Cup draw: Egypt’s World Cup luck continued after the announcement that we will be part of Group A, in what the local media is calling the best possible outcome for the Russia 2018 World Cup draw. Egypt starts its first World Cup […]
Posted inEGYPT IN THE NEWS
Ahmed Shafik’s presidential bid leads coverage of Egypt on a slow news morning
The sideshow that is Ahmed Shafik leads coverage of Egypt in the international press on an otherwise mixed news day that includes talk of US Secretary of Defense Jim Mattis’ visit to Cairo, continued discussion of the Al-Rawda massacre in Sinai a week ago and our alleged war on [redacted]. Elsewhere this morning: Dependence on […]
Posted inOn Deadline
Columnists collectively shake their heads at Ahmed Shafik
Columnists were collectively shaking their heads at former prime minister Ahmed Shafik’s presidential nomination announcement, which Al Masry Al Youm’s Hamdy Rizk said is detrimental to Egypt. A Tunisian writer described Shafik claiming he was a prisoner in Abu Dhabi as a betrayal of Egypt and the UAE. Hamdy Kassem calls for everyone to put […]
Posted inDiplomacy + Foreign Trade
Egypt and Cyprus reach preliminary agreement on natural gas pipeline
Egypt and Cyprus reach preliminary agreement on natural gas pipeline: Egypt and Cyprus have reportedly reached a preliminary agreement on extending a natural gas pipeline connecting Cypriot fields with liquefaction plant in Egypt’s Idku, a top Oil Ministry official tells Daily News Egypt. The pipeline, which will take about two years to construct, will pump […]
Posted inDiplomacy + Foreign Trade
Palestinian factions delay handover of Rafah timetable
Fatah and Hamas have asked Egypt to extend the timetable for handing over control of the Rafah border crossing to the Palestinian Authority by 10 days to have time to “complete the arrangements to successfully conclude reconciliation steps to which the Palestinian people aspire,” Reuters reports. This comes as the White House considers a proposal […]
Posted inDiplomacy + Foreign Trade
Egypt makes headway in developing regional countries hit by crises
Egypt makes headway in redeveloping regional countries hit by crises: Egyptian companies aiding the redevelopment of regional countries trying to recover from war — a key foreign policy initiative set to take off next year — have made some headway over the past week. Egypt’s oil and gas sector is ready to contribute to redeveloping […]
Posted inEnergy
Spanish and Chinese firms compete over Kom Ombo solar power plant contract
Spain’s TSK Group and China’s Nari Solar Energy Technology are competing over the contract for the development of a 26 MW solar power plant in Kom Ombo in Upper Egypt, sources tell Daily News Egypt. The two companies have already submitted letters of guarantee worth EUR 500k each, while three others that had qualified for […]
Posted inEnergy
Electricity Ministry remains undecided on location of ACWA Power’s 2.25 GW power plant
The Electricity Ministry has yet to decide whether to build ACWA Power’s 2.25 GW Dairut power plant in Luxor or Qena, Al Mal reports. The ministry had reached an agreement with ACWA for the plant back in May, with plans to build it in Luxor instead of the original Dairut. Talks are ongoing with the […]
Posted inEnergy
EGEMAC to build four power transformer stations for EGP 900 mn
EGEMAC will construct four power transformer stations at a total cost of EGP 900 mn, EGEMAC President Medhat Ramadan tells Al Borsa. The company reached an agreement with the New Urban Communities Authority to construct two stations worth a combined EGP 300 mn in New Cairo, and will ink the final contract for the project […]