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EC’s misgivings on the Automotive Directive gets the attention of foreign trade journals: The Trade Ministry's hiring of a German consultant to study the Automotive Directive is but a means to appease the European Commission (EC), Tires and Parts says. The European Commission had been heavily critical of the legislation, saying that its ultimate goal […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Egypt’s Latest Outrages
Egypt’s latest outrages (yes, that was an actual headline on Egypt in the foreign press a few years back): We shouldn’t be allowed to buy arms from France and the UK under a United Nations arms treaty because we violate human rights (Amnesty International); Our pals in the UK (who still maintain that [redacted] flight […]
Posted inEGYPT IN THE NEWS
Other international news worth noting
Other international news worth noting in brief this morning include: Egypt is angling at the UN to cover for the South Sudanese government in its civil war and funneling arms to the country fueling that conflict, according to the Daily Beast, citing UN reports. The foreign press is harping on Marisa Papen,the anatomical expressionist and […]
Posted inOn Deadline
Amr Moussa starts publishing memoirs in series on Al Shorouk
Could Amr Moussa’s memoirs in Al Shorouk be his swan song? Former Egyptian foreign minister and Arab League secretary general Amr Moussa’s announcement yesterday that he would not be running in the 2018 presidential race coincided with the publication of the first piece in a memoir series, which will be appearing in the pages of […]
Posted inDiplomacy + Foreign Trade
Shoukry meets Japanese counterpart in Cairo
Foreign Minister Sameh Shoukry met yesterday with his Japanese counterpart, Taro Kono, to discuss economic and political cooperation between the two countries, according to a ministry statement. He invited Kono to attend the opening of the Grand Egyptian Museum, the construction of which was funded largely through Japanese loans. Shoukry and Kono’s meeting came ahead […]
Posted inDiplomacy + Foreign Trade
Sudan, Egypt sign geophysics MoU
Sudan, Egypt to cooperate on mineral resources exploration: Sudan's Minerals Ministry and Egypt's National Research Institute of Astronomy and Geophysics (NRIAG) signed an MoU on cooperation on geophysical exploration of minerals and oil, according to Xinhua. The agreement designed a geotechnical map and could monitor the movement of the Nile River's water, particularly during the […]
Posted inDiplomacy + Foreign Trade
Hamas conflict with Fatah thawing?
Hamas leader Ismail Haniyeh said that his faction is ready for conciliatory talks with the opposing Fatah following meetings with Egyptian officials, according to Haaretz.
Posted inEnergy
Electricity Ministry looks JP Morgan to help finance upgrade to national grid
Electricity Minister Mohamed Shaker met with a delegation from JP Morgan Chase to discuss potential financing upgrades to the national grid, according to Al Shorouk. Shaker hinted that JP Morgan Chase was interested in the endeavor.
Posted inBasic Materials + Commodities
Pyramids looks to expand exports to the UK, Germany and Eastern Europe
Pyramids for Agro Industries is looking to increase its exports by 50% to USD 15 mn in part by tapping into the UK, Germany and Eastern Europe, according to Al Borsa. Chairman Hamdy Soliman said the firm exports to China, India, the UAE, Kuwait, Russia, Greece, and Italy.
Posted inReal estate
PHD, NUCA sign EGP 150 bn agreement to co-develop project in 6 October
Palm Hills Developments (PHD) signed yesterday a EGP 150 bn agreement with the New Urban Communities Authority (NUCA) to co-develop the 3,000 feddan October Oasis residential and commercial project in Sixth of October, Al Mal reports. PHD expects to complete its general plan for the project and receive the necessary licensing within 18 months, according […]