Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridors 
Logistics (MENA) 
Climate (MENA) 
The World Bank has sent over USD 125 mn to help fund development in Upper Egypt, according to Ahram Gate. The funds have reportedly been transferred to the CBE.
Author Archives: enterpriseam admin
Posted inDiplomacy + Foreign Trade
Investment minister, EGX boss meet with potential investors in the US
Nasr meets with potential investors in New York: Investment Minister Sahar Nasr met yesterday with executives from US-based investment firms with an aggregate AUM of USD 600 bn for a roundtable debate organized by Egypt’s CI Capital in New York, a company press release says (pdf). The discussion centered around investment prospects in Egypt in […]
Posted inDiplomacy + Foreign Trade
French, Romanian delegations coming to explore investments in Egypt
A delegation of 10 French companies is planning to visit Egypt on 18 November to look at potential investments in the new administrative capital and the Suez Canal Economic Zone (SCZone), Al Borsa reports. The delegation, which will mostly be made up of construction and sustainable urban design firms, are expected to meet with Housing […]
Posted inDiplomacy + Foreign Trade
Egypt invites Belarus to invest in oil and gas
Egypt has invited Belarus to invest in oil and gas projects in the Red Sea and the Mediterranean, the Belarusian Telegraph Agency reported. The conversation came during a meeting between House Speaker Ali Abdel Aal and Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich.
Posted inDiplomacy + Foreign Trade
Mercosur comes into effect
The Arab-Brazilian Chamber of Commerce said that the Mercosur freetrade agreement has come into effect, AMAY reports, citing a statement from the group. The 2010 agreement, which alleviates tariffs on some products, was supposed to come into effect in August, with the last reports saying it would go live before the end of the year.
Posted inDiplomacy + Foreign Trade
Indonesian president planning state visit to Cairo
Indonesian President Joko Widodo is planning to visit Cairo, though the timing of the trip has yet to be determined, Egypt’s ambassador to Jakarta Amr Mouawad said on Monday, according to Ahram Online.
Posted inEnergy
KPC renews crude storage agreement with SUMED
Kuwait Petroleum Corporation (KPC) announced renewing the crude oil storage and transportation contract with SUMED, according to KUNA. “The contract is one of the important strategic contracts aims at expanding KPC's presence in the Mediterranean Region and North West Europe to increase Kuwait's market share in that region, KPC said.”
Posted inEnergy
Beheira to build USD 225 mn waste-to-energy plant
The Beheira governorate is in the process of acquiring the necessary licenses and approvals to establish a waste-to-energy plant at an investment cost of USD 225 mn, Al Borsa reports. The project is expected to process a daily 500 tonnes of garbage. No details on funding or project timeline have emerged.
Posted inEnergy
TransGlobe says its production drops q-o-q over delays in Egypt
TransGlobe Energy said production in 3Q2017 dropped q-o-q and was impacted by delays in well servicing in Egypt during August and September, in its 3Q2017 Operations Update. It had released the workover/completion rig supporting the Eastern Desert operations in early August due to escalating safety and performance issues but that a second workover rig was […]
Posted inEnergy
Electricity Ministry delays bidding on USD 8 bn Hamrawein power plant
The Electricity Ministry has delayed bidding on the USD 8 bn Hamrawein “clean coal” power plant to next month from mid-October, sources tell Al Mal. The delay reportedly came at the request of the bidding companies, sources added. As we noted back in June, General Electric, Shanghai Electric, and a Marubeni-Mitsubishi JV were the top […]