Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The European Bank for Reconstruction and Development (EBRD) and the Investment Ministry signed a letter of intent to cooperate on fostering entrepreneurship and innovation, according to an emailed press statement.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Shoukry talks bilateral ties with Djibouti, Jordanian counterparts in Cairo
Foreign Minister Sameh Shoukry met with Djibouti counterpart Mahamoud Ali Youssoufin Cairo yesterday. The two sides are currently studying two possible agreements: One between the Suez Canal Authority and Djibouti’s Port Authority and another that could see Egypt establish a maritime shipping training facility in Djibouti. Shoukry also held cooperation talks with Jordanian counterpart Ayman […]
Posted inDiplomacy + Foreign Trade
Egypt, Uganda sponsor unification agreement between South Sudan factions
Egypt and Uganda sponsored the signing of a declaration of unity between two factions of the Sudan People's Liberation Movement at Egyptian Intelligence headquarters in Cairo, Ahram Online reports.
Posted inEnergy
Fugro deploys vessel for coring at Zohr
Geotechnical and survey services provider Fugro is sending its vessel MV Kobi Ruegg on it first project in the Egyptian sector of the Mediterranean, Offshore Magazine reports. “The three-year-old, 58-m (190-ft) long vessel, contracted by Saipem, will deploy a large diameter piston core system to obtain soil samples from the ultra-deepwater Zohr gas field. Its […]
Posted inEnergy
Gov’t to issue maintenance and management tender for three Siemens power plants next month
The Electricity Ministry plans to issue its limited tender for the management and maintenance of the three Siemens combined-cycle power plant of the new capital, Burullus and Beni Suef next month, ministry sources tell Al Borsa. Siemens, Germany’s STEAG GmbH, an Orascom-ADERA Energy consortium, and an Elsewedy-EDF consortium have been tapped to take part in […]
Posted inEnergy
ADES awarded long term contract for ADMARINE III jack-up rig
ADES International has been awarded a new contract for its ADMARINE III offshore jack-up rig from the General Petroleum Company (GPC). The contract is for an initial two-year period with an option to extend that for another two years. “ADMARINE III was originally leased out to GPC back in 2012 and marked ADES’s first steps […]
Posted inInfrastructure
Armed Forces to start work on East Port Said desalinization plant
The Armed Forces’ Engineering Authority is set to start work on a 150k cubic meters per day, USD 130 mn desalination plant in East Port Said,according to Al Borsa. We first caught wind of this as part of a broader announcement by the authority to build four different desalinization plants across four locations in June […]
Posted inReal Estate + Housing
Tower Developments invests in Port Said and Sharm El Sheikh
Tower Developments will build a EGP 5 bn in a resort in Port Said and EGP 1 bn on a Sharm El Sheikh hotel,CEO Ahmed Lashin told Al Borsa. The first phase of the ‘Tower Bay’ Port Said project, which should be completed in four years, will cost EGP 800 mn and consists of a […]
Posted inTourism
EgyptAir and LOT agree to code share; Baku to Sharm El Sheikh flights resume
EgyptAir and LOT Polish Airlines signed a code sharing agreement that will open up routes between Cairo and Warsaw as of 17 November,according to Al Shorouk.The code sharing agreement will allow passengers access to the respective home ports via stops in Milan and Budapest as well as automatic transfer of luggage between flights. Both airlines […]
Posted inTourism
Flights to Sharm from Baku to resume in March 2018
Flights to Sharm El Sheikh from Baku, Azerbaijan, will resume in March 2018, sources close to the matter told Youm7. The agreement comes after South Sinai Governor Khaled Fouda’s visit to Azerbaijan, where he met with airline officials as well Azerbaijani Foreign Minister Mohamed Yarov. Flights between the two cities had been suspended for a […]