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Lovejacker update: Plane hijacker Seif Eddin Mustafa never asked to see his former wife during the time he hijacked a domestic EgyptAir flight and diverted it to Cyprus, lawyer Nicoletta Charalambidou said, according to Cyprus Mail. The demand “is a myth possibly created and perpetuated by the Cypriot authorities in order to assign a motive […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Other international coverage
Also making the rounds this morning: Youth Minister Khaled Abd El Aziz met with his Indian counterpart on the sidelines of the World Youth Forum in Sharm El Sheikh, according to the Business Standard. Carla Masoud chronicles her struggles in Egypt with gender identity and her journey to Germany for reassignment (runtime: 2:03). 354 artefacts […]
Posted inOn Deadline
Labor Unions Act’s limitations on unions’ freedoms will have political and economic ramifications
Proposed amendments to the Labor Unions Act would dramatically curb the powers and freedoms of unions, which will have serious political and economic ramifications for the country as a whole, Ibrahim Awad says in a column penned for Al Shorouk. Among the bill’s problems is that it will bar unions from receiving “foreign funding,” which […]
Posted inDiplomacy + Foreign Trade
Gov’t summons ambassador over Hegazy statement
The Foreign Ministry summoned the ambassadors of the UK, Germany, the Netherlands, Italy, and Canada yesterday, according to Reuters. The Foreign Ministry said the criticism from the five Western countries regarding the ongoing detention of human rights lawyer Ibrahim Metwaly Hegazy was “a blatant and unacceptable interference in domestic affairs and the work of the […]
Posted inDiplomacy + Foreign Trade
El Sisi discusses political developments in Lebanon with president, parliamentary speaker
President Abdel Fattah El Sisi discussed the recent political developments in Lebanon in a phone call with Lebanese President Michel Aoun and on the sidelines of the World Youth Forum with Lebanese Parliamentary Speaker Nabih Berri, Ittihadiya said. As we noted yesterday, Lebanese Prime Minister Saad Al Hariri resigned from his position on Saturday, claiming […]
Posted inDiplomacy + Foreign Trade
Thani Dubai Mining looking to expand Egypt investment
Thani Dubai Mining looking to expand Egypt investment: Investment Minister Sahar Nasr met with Al Thani Investments Chairman Abdulla Saeed Al Thani in Cairo yesterday to discuss ways to expand the UAE-based company’s mining operations in Egypt, according to a ministry statement. The company’s subsidiary, Thani Dubai Mining Ltd. is currently exploring the Hodein Valley […]
Posted inDiplomacy + Foreign Trade
Exports of readymade garments up, imports down since EGP float
The EGP float has resulted in an increase of readymade garment exports of 11% y-o-y since November and could increase by a further 14% next year, Fadel Marzouk, the chairperson of the Readymade Garments Export Council of Egypt, told Ahram Gate. Imports of readymade garments have also dropped by 70% since the float, Marzouk added. […]
Posted inEnergy
Electricity Ministry, Al Nowais “close” to signing contracts for USD 4 bn coal plant
The Electricity Ministry is “close” to signing a contract with UAE’s Al Nowais to establish the USD 4 bn coal fired power plant in the Sinai,ministry sources told Al Borsa. The development comes following news that the ministry and Al Nowais were at an impasse over what the ministry then said was a “high” tariff […]
Posted inEnergy
Red Sea seismic survey results in 1H 2018
The results of a seismic survey in the Red Sea are expected in the first half of 2018, industry sources told Youm7. The ministry anticipates that exploration operations in the Red Sea will attract investments of USD 750 mn.
Posted inInfrastructure
Government to issue tender soon for the development of 6 October City dry port
The government is planning to issue a tender soon for the development of an inland port in 6 October City, Al Mal reports. Feasibility studies place the initial investment value at USD 100 mn, according to Transport Minister Hisham Arafat, who explained that the project will seek mainly to reroute cargo transport traffic to rail […]