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Red Bull’s Jamhoureya takes Cairo music producers to four cities to explore Egypt’s musical roots: Red Bull Music Academy asked four music producers from Cairo to each choose an Egyptian city whose musical roots they were curious to explore and connect with for an event dubbed Jamhoureya. In Aswan, Luxor, Siwa, and Marsa Alam, each […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Egypt FM decries Sudan’s accusations that Egypt is eating into its share of the Nile water
Sudan’s statements on Egypt using more than its fair share of Nile water are “inaccurate,” Egyptian Foreign Minister Sameh Shoukry said yesterday, Al Masry Al Youm reports. Sudan has been receiving its full annual 18.5 bcf of Nile water for several years now, Shoukry said, clarifying that it’s true that in previous years Sudan didn’t […]
Posted inDiplomacy + Foreign Trade
Egypt to receive EUR 500k grant for transport sector support from FEXTE
Egypt to receive EUR 500k grant for transport sector support from France: Investment Minister Sahar signed an agreement yesterday that will see Egypt receive a EUR 500k technical grant for transport development from the French Development Agency’s Fund for Technical Expertise and Experience Transfers (FEXTE), according to a ministry statement. The funding will be used […]
Posted inDiplomacy + Foreign Trade
Palestinian factions agree to late 2018 general elections
Palestinian factions in Cairo for reconciliation talks yesterday agreed to hold general elections by the end of 2018, Reuters reports. While the exact date for the elections hasn’t been pinned down, the factions deferred to Palestinian President Mahmoud Abbas to choose the final date. The talks weren’t all smooth though with the Hamas side expressing […]
Posted inBasic Materials + Commodities
Obour Land to set up subsidiary for dairy production
Obour Land’s board of directors approved establishing Obour Farm, a subsidiary that will focus on producing dairy products, according to a bourse statement. The company will be 98% owned by Obour Land and will have EGP 50 mn in issued capital and EGP 500 in authorized capital.
Posted inManufacturing
Indian business delegation discusses collaboration in textile, petrochems, shipbuilding with FEI
An Indian business delegation discussed investment prospects with Federation of Egyptian Industries’ (FEI) boss Mohamed Elsewedy yesterday, Youm7 reports. The delegation included investors in the fields of textile, petrochemicals, motorbike manufacturing, electronics, locomotives, shipbuilding, railway, and food production. Company representatives also sat down with Prime Minister Sherif Ismail to discuss their potential investments in the […]
Posted inTelecoms + ICT
Orange to pay TE EGP 72 mn to settle connectivity and infrastructure dispute
The board of Orange Egypt has approved a settlement agreement with Telecom Egypt (TE), according to a bourse statement. Orange will pay TE c. EGP 72 mn to resolve a dispute over local and international connectivity and infrastructure services. The Government Accountability Office had flagged issues relating to TE’s inadequate provisioning in a number of […]
Posted inAutomotive + Transportation
Shell launches new fuel efficient, heavy duty line of lubricants in October Milan event
Shell Rimula unveiled its newest generation of heavy duty diesel lubricants, API CK-4, at a global event in Milan last month to emphasize how the new product was designed with an eye for environmental concerns and fuel efficiency. The new line of lubricants was engineered to be thinner than previous products — which makes it […]
Posted inAutomotive + Transportation
Algerian automakers ready to start exporting cars to Egypt
Algeria is planning on exporting fully-assembled personal cars to Egypt free of customs under the Greater Arab Freetrade Agreement (GAFTA), an unnamed Algerian government official tells Al Masry Al Youm. Various auto factories in Algeria locally assemble global brands, including Skoda, Peugeot, and Renault, which they are hoping to begin exporting in exchange for incentives […]
Posted inAutomotive + Transportation
Four offers so far for Sokhna Alamein rail project tender
The Transport Ministry has received four offers from international firms for the first phase of the Sokhna-Alamein rail project,Transport Minister Hisham Arafat told Al Borsa. The first phase is the line from Ain Sokhna to 6 October and the deadline for submissions will be in February 2018. A Chinese consortium led by AVIC, which submitted […]