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President Abdel Fattah El Sisi held bilateral talks with South Sudan’s Minister of the Office of the President Mayik Ayii Deng in Cairo yesterday, according to an Ittihadiya statement picked up by Ahram Gate. The meeting focused on strengthening cooperation on various issues including development and security, as well as efforts to end the ongoing […]
Author Archives: enterpriseam admin
Posted inEnergy
Oil Minister discusses MIDOR refinery development with Technip
Oil Minister Tarek El Molla met yesterday with the regional head of Italy’s Technip, Marco Villa, to discuss the company’s progress in expanding the MIDOR refinery near Alexandria and modernizing the Assiut Oil Refining Company’s (ASORC) mazut hydrocracking project, Al Shorouk reports. Villa told El Molla that Technip’s work on the projects is progressing according […]
Posted inEnergy
DuPont signs agreement to reduce sulfur dioxide emissions from Zohr
DuPont Clean Technologies signed a contract with Kinetics Technology signed an agreement for work on Eni’s Zohr gas field. Under the agreement, DuPont will be delivering the technology license, engineering and proprietary equipment for two MECS DynaWave wet gas scrubbing units. Combined with Kinetics Technology providing onshore gas plant units in Port Said with Claus […]
Posted inInfrastructure
Suqia to set up water projects in Egypt
UAE Water Aid Foundation (Suqia) launched over 60 infrastructure development projects globally, including Egypt as one of its key focus countries, according to Trade Arabia. The projects include setting up of water plants, wells, and desalination plants. Upon completion, these projects are expected to serve over 250,000 people, a statement from Dubai Electricity and Water […]
Posted inBasic Materials + Commodities
Romanian wheat shipment discharged from Safaga Port for sieving
The Egyptian Holding Company for Silos has discharged the 63k tonne Romanian wheat shipment to the Agriculture Quarantine Authority to sieve the cargo from poppy seeds before delivering it to the General Authority for Supply Commodities (GASC), Al Masry Al Youm reports. Once the sieving is complete, GASC will reassess the shipment and present a […]
Posted inAutomotive + Transportation
GB Auto, Mansour Group to provide discounts to Uber drivers
Ride-hailing app Uber signed agreements with GB Auto and Mansour Group that will see both companies provide special incentives and payment plans for its affiliated drivers, Al Mal reports. The agreement also covers discounts on spare parts, auto service, and insurance.
Posted inBanking + Finance
CIB deploys ATMs customized for visually-impaired customers
CIB announced it deployed nearly 100 ATMs especially designed to serve visually impaired customers for the first time domestically. “The talking ATMs do not only help them manage and control their accounts and financials, but they also protect their privacy by hiding the ATM screen … The new talking ATMs are equipped with voice guidance […]
Posted inBanking + Finance
NASDAQ Dubai invites AMOC to list with it
NASDAQ Dubai has invited Alexandria Mineral Oils Company(AMOC) to list on their exchange, according to Al Borsa. AMOC reps tell the newspaper that no actual offer was presented at the moment. They added that any decision in that direction would have to be approved by both the Oil Ministry and the board of directors before […]
Posted inOther Business News of Note
EFG Hermes roadshow investors discuss potential projects in tourism
Deputy Tourism Minister Adela Ragab met with a delegation of MEA fund managers yesterday to discuss potential investments and progress on economic reform, as well as the current state of the tourism industry, according to an emailed statement (pdf). Ragab told the investors, who are in Cairo on an EFG Hermes roadshow, that tourists were […]
Posted inLaw
Court sentences student to six years in prison for raising LGBTQ flag at Mashrou’ Leila concert
A misdemeanour court in Giza sentenced a student to six years in prison and an EGP 300 fine for “promoting [redacted] deviancy,” after waving the LGBTQ rainbow flag at the Lebanese band Mashrou’ Leila’s concert in Cairo last weekend, Daily News Egypt reports. Security forces had arrested seven concert goers who were said to have […]