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Also worth a quick skim this morning: What Russia’s state media is peddling: The move by Hamas to relinquish control over Gaza’s border crossings to the Palestinian Authority following an agreement brokered by Egypt might not have any significant meaning for de-escalating the Israeli-Palestinian conflict, activist Miko Peled tells Sputnik. President Abdel Fattah El Sisi […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
French Development Agency to give Egypt EUR 31 mn for healthcare development:
French Development Agency to give Egypt EUR 31 mn for healthcare development: The Health Ministry signed an MoU with the French Development Agency that will see the latter fund the development of 709 medical facilities ahead of the implementation of the Universal Healthcare Act, Minister Ahmed Rady said on Thursday, Al Borsa reports. The new […]
Posted inEnergy
Ismail cabinet reconsiders setting up FiT system for waste-to-energy projects
The Ismail cabinet reportedly approved hiring a consultant to revisit the feasibility study on a feed-in tariff rate for waste-to-energy projects, government sources tell Al Borsa. The government is reportedly leaning towards setting a three-tier FiT system: the first would be fuel derived from burning such things as rice straws with a FiT rate of […]
Posted inEnergy
Infinity Solar to be the first to launch operations in Benban solar complex
Infinity Solar is scheduled to launch operations and connect 50 MW of power produced at its Benban solar power plant to the national grid within days, the company’s financial division manager Mohamed Shehata tells Al Borsa. The company will begin with trial operations, and is expected to officially connect the plant to the grid by […]
Posted inEnergy
ExxonMobil delegation in Egypt to discuss possible projects
A delegation from ExxonMobil reportedly arrived in Egypt to discuss possible oil and gas projects within the next 5-7 years, an Oil Ministry source says, Youm7 reports. The delegation met with officials from the EGPC, EGAS, and the Ganoub El Wadi Petroleum Holding Company. The company is reportedly particularly interested in exploration projects in the […]
Posted inInfrastructure
New Administrative Capital Company to issue USD 300 mn ICT tender
The New Administrative Capital Company for Urban Development has issued a tender for communications infrastructure worth USD 300 mn, according to AMAY.
Posted inAgriculture + Commodities
Market conditions remain challenging in Egypt, Titan Cement says
Market conditions in Egypt remained challenging in 9M2017 and demand for building materials in 2017 is estimated at 8% below 2016’s, cement producer Titan Group said in reporting its 3Q2017 results, CemNet reports. The company recorded a net profit after minority interests and the provision for taxes of EUR 33.1 mn in 9M2017, down from […]
Posted inAgriculture + Commodities
Government to purchase local wheat at global prices
Supply Minister Ali El Moselhy confirmed that the government will begin purchasing wheat from local farmers at global market prices as of the beginning of the upcoming harvest season, which runs from mid-April until July, Reuters reports. The price at which wheat will be purchased will be announced by mid-March, according to the ministry. Agriculture […]
Posted inHealth + Education
Egypt one of nine countries keeping pledge to eradicate hepatitis
Egypt is one of only nine countries keeping their pledge to eradicate hepatitis by 2030, out of a total of 194, according to the second World Hepatitis Summit in Brazil. “Egypt, Georgia, Germany, Iceland, Japan, The Netherlands, Australia, Qatar and Brazil are the only countries taking steps to overcome the disease,” the AFP reports.
Posted inTelecoms + ICT
Vodafone seeking approval to transfer Egyptians’ remittances
Vodafone Egypt is seeking regulatory approval to have customers use its Vodafone Cash services to send remittances to Egypt, Al Mal reports. The company says it has 4 mn users of the service and is looking to expand it to include services like payroll. Al Mal also notes that the central bank has allowed mobile […]