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House Speaker Ali Abdel Aal led a delegation to Washington D.C on Friday, where he’s set to meet with his counterpart Paul Ryan as well as other members of Congress’ foreign affairs, budget, and intelligence committees, according to Ahram Online. The delegation also has meetings lined up with the American Chambers of Commerce to discuss […]
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Tillerson could shut down consulate in Alexandria
The US State Department under Secretary Rex Tillerson has reportedly considered closing some consulates and embassies around the world, including the one in Alexandria, as mentioned in an extensive report by Bloomberg Businessweek. Tillerson’s redesign of the State Department “is expected to cut spending by USD 5 bn to USD 10 bn and slash about […]
Posted inDiplomacy + Foreign Trade
Farid presents investment opportunities to Swedish delegation
EGX Chairman Mohamed Farid met with a Swedish business delegation on Thursday, according to a statement. Farid reportedly presented the delegation with investment opportunities through the bourse.
Posted inDiplomacy + Foreign Trade
Businessmen’s association organizing trip to Morocco to study joint investments
The Egyptian-Moroccan Businessmen’s Association is organizing a trip to Casablanca on the 19 November to study potential cooperation in fields including heavy-duty industry, as well as food, auto, textile, and fertilizer manufacturing, according to Al Ahram.
Posted inEnergy
EGAS lifts upper price limit on natural gas purchases
EGAS lifted the upper price limit on what it could pay for the equivalent of a barrel of Brent crude in tenders to USD 65 from USD 60, Reuters reports. The move came after EGAS extended the bidding deadline for the 12 LNG shipments it’s looking to acquire. Traders speculate, however, “whether Egypt’s tender for […]
Posted inEnergy
Nooros exceeds natural gas production targets
The Nooros natural gas field daily production capacity reached 1.1 bcf/d, exceeding the targeted 350-400 mfc/d, Oil Minister Tarek El Molla said in a TV interview yesterday, Al Shorouk reports. The cost of investment in the gas field, which Italy’s Eni signed the concession for at the 2015 Economic Development Conference, also rounded off to […]
Posted inInfrastructure
Red Sea Ports Authority studying Chinese offer to build new terminal in Safaga Port
The Red Sea Ports Authority is studying a Chinese offer to build a multipurpose terminal at the Safaga Port for USD 250 mn, authority head Hisham Abu Saena tells Youm7. The new facility will primarily serve mining operations in the Golden Triangle area, and is expected to have the capacity to handle around 500k-1.2 mn […]
Posted inInfrastructure
Energy Recovery awarded USD 3.3 mn contracts
The California-based Energy Recovery Inc. was awarded a contract to supply desalination projects in Egypt with USD 3.3 mn-worth of its PX Pressure Changer technology,Reuters reports. The orders are expected to ship in 4Q2017.
Posted inAgriculture + Commodities
Egypt can go from substitute veggie exporter to main seller if logistics can be improved
Egyptian fruit and vegetable exporters can step out of the shadow of being mere substitute sellers to main markets to source agricultural goods if it can improve the logistics of trading with the EU, says our friend Omar Abdin of Leaf Egypt in Fresh Plaza. Most Egyptian exporters have depended on being called to export […]
Posted inManufacturing
Kabil inaugurates EGP 800 mn industrial complex
Trade and Industry Minister Tarek Kabil inaugurated an EGP 800 mn industrial complex in Ain El Sokhna this weekend, according to an official statement. The 35k sqm complex houses 47 factories operating in industries such as fertilizers, paper recycling, and medical equipment..